The mobility company to reward employees with Rs 400 crore of stocks
Aimed at long term meaningful wealth creation in run up to IPO
Bengaluru, NFAPost: Ola, one of the leading mobility platforms in the world, announced expansion of its employee stock options (ESOP) pool to Rs 3000 crores. Ola is also allocating an additional Rs 400 crores worth of stocks to employees in the run up to its IPO. The allocation rewards Ola’s high-impact employees and will lead to long-term wealth creation for them.
Ola Founder Bhavish Aggarwal said Ola is focused on creating the industries of tomorrow with the ambition to build globally competitive, high-impact businesses at a global scale.
“Our expanded ESOP programme, along with the fresh stock allocation of ₹400Cr, enables our key talent to participate in the long term wealth creation opportunities generated by their innovations and the impact they create. It will also reinforce their sense of ownership and align their growth with that of the company as we continue to accelerate the world’s transition to sustainable mobility” said Bhavish Aggarwal.
Over the last several months Ola has seen strong recovery in its ride-hailing business as customers look for safer ways to move. Ola has invested significant resources in customer safety including frequent fumigation, temperature checks and more, cementing its position as the consumer’s preferred mobility choice.
Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies. Ola revolutionised urban mobility by making it available on demand for over a billion people across 3 continents.
Today, Ola continues to move the world to sustainable mobility through its ride-hailing platform as well as through advanced electric vehicles manufactured at its Futurefactory, the largest, most advanced and sustainable two wheeler factory in the world. Ola is dedicated to transitioning the world to sustainable mobility and making the world better than we found it.
