The formidable team was born and the pact was sealed as GrabTaxi, Ola, Didi Kuaidi, and Lyft inked a worldwide partnership to lead into the ride sharing business and get ahead of their best competitor, Uber.
Sounds like this only happens in the movies but the pride of lions is definitely coming out of the jungle from India, China, US, and Southeast Asia and make a killing with their strategic global partnership, as announced last December 4.
These four companies will roll out their partnership by the first quarter of 2016 and this is one heck of a team to beat and will remove the prestigious accolades that Uber earned as global taxi hailing application, preferred by International travelers.
“We are pleased to help Lyft, Didi, and Ola offer transportation services in Southeast Asia where the significant diversity of language, culture, and social practices across the region can be challenging for foreign companies to navigate. We admire all three companies and have similar goals to improve the lives of drivers and passengers while also helping to solve major transportation challenges for the long-term. Under this umbrella, we see many opportunities to share ideas and best practices – from product to innovations to driver support, technology, developments, and approaches for managing local operations in a rapidly scaling organization,” said Anthony Tan, founder and CEO, GrabTaxi.
“This will allow all four companies to learn from each other’s local innovations and successes that can help us in our shared mission to build better mobility solutions in our respective markets,” said Bhavish Aggarwal, co-founder and CEO, Ola.
“As Didi consolidates market leadership across all main verticals, we are now focused on applying more refined big-data tools to in-depth product innovation to enhance the user experience. The partnership with Lyft, GrabTaxi, and Ola allows Chinese users unprecedented ease of international travel, and helps partners improve our own services leveraging each other’s technology and expertise. This will be a win for the diversity and vitality of the global ride share industry,” said Cheng Wei, CEO, Didi Kuaidi.
“This isn’t solely an alliance of four companies, but also an opportunity to have a greater impact on the future of our cities worldwide,” said John Zimmer, co-founder and president, Lyft.
This International expansion follows rapid growth for each company in 2015
· GrabTaxi is the leading ride-hailing platform in Southeast Asia with 95 percent market share in third-party taxi-hailing and more than 50 percent market share in private cars. With up to 1.5 million daily bookings across six countries, GrabTaxi offers the widest range of options in one mobile app including taxis, motorcycle taxis, private cars, carpooling and deliveries.
· Didi Kuaidi is the world’s largest one-stop mobile-based transportation platform providing 7 million rides per day across 360 Chinese cities. Didi holds an 83 percent market share in private car-hailing and a dominant position in all other verticals including taxi-hailing, bus and corporate services.
· Lyft is the fastest-growing rideshare service in the Unites States, completing 7 million rides per month in more than 190 cities. In October, Lyft hit an annual gross run rate of $1 billion and reached over 40 percent market share in San Francisco and Austin.
· Ola is India’s preferred mobile platform for personal transportation available in 102 cities across the country. With more than 350,000 vehicles registered on its platform, Ola receives over a million booking requests a day.
“We’re excited to join with GrabTaxi, Didi Kuaidi, and Ola to make global travel simpler for passengers. Together they will allow Lyft to offer the world’s best coverage, while building upon our shared vision of reconnecting communities through better transportation,” added Zimmer.
So expect more to come in 2016. We’re sure that these four companies have a lot of things in store for everybody.
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