Bike taxi aggregator Rapido on Tuesday introduced its strategic entry into the cab enterprise – an area that’s presently dominated by two main gamers – Ola and Uber. “The cab launch represents the newest step in Rapido’s mission to revolutionize city mobility and guarantee an inexpensive intra-city resolution for all commuting wants,” the ride-hailing agency mentioned.
Rapido, launched in 2015, was till now providing companies solely within the bike section. Now, it has entered the cab area. “By diversifying its choices, Rapido goals to turn into the go-to platform for a variety of commuting wants, offering an inexpensive platform for commuters whereas benefiting captains,” the corporate mentioned.
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The Bengaluru-headquartered agency mentioned these companies are designed to advertise entrepreneurship, fostering a sustainable livelihood for drivers. Past empowering drivers, it added, the main target extends to buyer affordability, providing cabs on the lowest worth to make transportation extra accessible for all.
“With a commanding 60% market share in bike taxis, Rapido expands its footprint with the pan-India launch of Rapido Cabs, introducing an preliminary fleet of 1 lakh autos,” the corporate mentioned.
Rapido co-founder Pavan Guntupalli mentioned he was excited to introduce Rapido Cabs pan India following the success of motorbike taxi and auto companies throughout the nation. “Our revolutionary SaaS-based platform revolutionizes the standard fee system for drivers, tackling the persistent problem of fee sharing with aggregators. This pioneering method ensures that drivers incur solely a minimal software program utilization payment, marking a major shift within the trade.”
Rapido mentioned that inside its ecosystem, drivers get pleasure from direct fee from clients, free from any interference by the corporate. “To maintain this mannequin and proceed delivering distinctive service, drivers are required to pay a nominal subscription payment,” it mentioned. “As an illustration, upon reaching earnings of Rs 10,000 from the Rapido app, drivers will likely be topic to a modest subscription payment of Rs 500.”
