Uber launches bike taxi service UberMOTO in Hyderabad
Uber has signed an MoU with Hyderabad Metro Rail to extend last mile services with the help of UberMOTO when the metro service starts
- Jet Airways to make part payment of September salary to senior staffers on October 25
- Q2 results: HDFC Bank net profit rises 20.6% to Rs 5006 crore
- Govt, board eye asset sales to turn IL&FS around in six months
- Jet Airways sets jet sale, leaseback plan in motion to raise $800 mn
- Lenders accept ArcelorMittal resolution plan for Essar Steel
Hyderabad: Ride-hailing firm Uber Technologies on Tuesday said it will launch its bike taxi service UberMOTO in Hyderabad from January next year. The company already operates the service in Gurgaon.
Uber had earlier launched the service in Bengaluru, but had to shut it after the state government said it did not obtain the necessary permits to do so.
Uber’s domestic rival Ola, run by ANI technologies Pvt. Ltd, which launched the bike taxi at the same time, also had to shut down its bike taxi service in Bengaluru.
In Telangana, however, Uber has signed a Memorandum of Understanding with Hyderabad Metro Rail Ltd to extend last mile services with the help of UberMOTO when the metro service launches.
“We’re one of the most progressive states in India. We work closely with Uber in making sure that the best strategic services have been made available to lakhs and lakhs of people in Hyderabad,” said IT and panchayat raj minister of Telangana, K.T. Rama Rao, at a press briefing. “I believe the MoU with the Metro will be a great service because the last mile is always a challenge.”
Uber will charge Rs 20 for the first three kilometres and Rs 5 per kilometre after that. When Uber first launched its bike taxi service, experts said this may help it add significantly to their consumer base, by virtue of the cheaper price points, but would also add to its cash burn.
Uber is competing with rival Ola to lead the ride hailing market in India, especially after it sold off the China business to local rival Didi Kuaidi.
While it is trying to make its Bengaluru technology centre a hub of product innovation, Uber’s second largest presence in terms of employees is in Hyderabad.
Roppen Transportation Services Pvt. Ltd, which owns and operates bike taxi start-up Rapido, Gurgaon-based Bikxie, Baxi and M-Taxi are some of the bike-taxi start-ups that have raised funding in India.
Globally, bike taxis have found significant traction in Southeast Asia. Companies such as Singapore-headquartered GrabTaxi and Indonesia’s Go-Jek are a few big companies in this segment.
Editor's Picks »
- North-east monsoon set to make its onset around 26 October: IMD
- Audi’s electric SUV faces 4-week delay because of software bug
- Five of top-10 Indian firms add ₹31,381 crore in m-cap, ITC tops the chart
- September GST returns filing date extended by 5 days to 25 October
- Saudi crisis shows Wall Street struggle between ethics and cash
- Policy rethink and higher volumes to aid container shippers
- DCB Bank delivers a strong Q2 but pressure on margins foreseen
- Havells India: Rising costs give a jolt to profitability in September quarter
- All’s well at Mindtree, except for high client concentration risk
- India’s rising steel demand is making companies starry-eyed