Uber’s European rival Bolt launches in London

Uber’s European rival Bolt is now taking it on in the streets of London. The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area. Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London


Uber’s European rival Bolt is now taking it on in the streets of London. The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area. Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London
Uber’s European rival Bolt launches in London Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, launch, european, bolt, villig, ridehailing, uber, vehicles, company, london, ubers, uks, rival, launches


Uber's European rival Bolt launches in London

Uber’s European rival Bolt is now taking it on in the streets of London.

The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area.

“We see this as quite a monumental thing for both the company and the ride-hailing industry as a whole,” Bolt CEO Markus Villig told CNBC in an interview. “London is one of the biggest, most profitable markets for Uber globally and one where it didn’t have a serious competitor.”

Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London as of March 2018, according to the Department for Transport.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, launch, european, bolt, villig, ridehailing, uber, vehicles, company, london, ubers, uks, rival, launches


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Europe’s ride-sharing unicorns call for reform to help the sector thrive

Martin Villig, co-founder of ride-hailing firm Bolt, which was formerly known as Taxify. PARIS — Ride-sharing giants in Europe have urged reforms for the transport industry, in the hope that it will help them expand further within the continent and face less barriers to innovation. “I think it would help even in our industry if there would be some kind of harmonization of the transport regulations,” Bolt co-founder Martin Villig told CNBC in an interview at the Viva Technology conference in Pari


Martin Villig, co-founder of ride-hailing firm Bolt, which was formerly known as Taxify. PARIS — Ride-sharing giants in Europe have urged reforms for the transport industry, in the hope that it will help them expand further within the continent and face less barriers to innovation. “I think it would help even in our industry if there would be some kind of harmonization of the transport regulations,” Bolt co-founder Martin Villig told CNBC in an interview at the Viva Technology conference in Pari
Europe’s ride-sharing unicorns call for reform to help the sector thrive Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: ryan browne
Keywords: news, cnbc, companies, unicorns, europes, help, transport, villig, think, reform, thrive, ridehailing, bolt, sector, ridesharing, cofounder, operate, spain


Europe's ride-sharing unicorns call for reform to help the sector thrive

Martin Villig, co-founder of ride-hailing firm Bolt, which was formerly known as Taxify.

PARIS — Ride-sharing giants in Europe have urged reforms for the transport industry, in the hope that it will help them expand further within the continent and face less barriers to innovation.

Co-founders from two of the region’s largest mobility firms, BlaBlaCar and Bolt — formerly Taxify — said the lack of a common framework on carpooling and ride-hailing makes it more difficult to operate across the European Union.

The main issue is that the EU, though a collective bloc of 28 — or soon to be 27 — nations, does not have a unified “definition” of what it means to be a ride-sharing start-up, and therefore this creates a fragmentation among the different member states.

“I think it would help even in our industry if there would be some kind of harmonization of the transport regulations,” Bolt co-founder Martin Villig told CNBC in an interview at the Viva Technology conference in Paris.

The firm has been barred from entering countries like Germany, Italy, Spain and Denmark, Villig said, because those territories do not yet permit transportation start-ups to operate freely. In Spain, for instance, firms like Uber and Spanish company Cabify have faced a local pushback due to discontent in the traditional taxi industry.

“I think that there is a big opportunity to open that market,” Bolt’s co-founder said of untapped markets like Germany and Spain, adding that “giving some general harmonization guidelines from a European level” would help, “and then maybe some smaller details can be handled.”


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: ryan browne
Keywords: news, cnbc, companies, unicorns, europes, help, transport, villig, think, reform, thrive, ridehailing, bolt, sector, ridesharing, cofounder, operate, spain


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Uber rival Taxify says it can grow 100 times bigger in the scooter and ride-hailing market

Taxify CEO: Safety is one of the key aspects of transportation 6:17 AM ET Thu, 8 Nov 2018 | 02:55Tech unicorn Taxify is chipping away at Uber’s dominance in the European ride-hailing market – and its CEO predicts massive growth ahead. The Estonian ride-hailing company valued at $1 billion has 15 million users and 500,000 drivers worldwide, split evenly between Europe and Africa. In an interview with CNBC at the Web Summit tech conference in Lisbon, Portugal earlier this week, Taxify CEO Markus V


Taxify CEO: Safety is one of the key aspects of transportation 6:17 AM ET Thu, 8 Nov 2018 | 02:55Tech unicorn Taxify is chipping away at Uber’s dominance in the European ride-hailing market – and its CEO predicts massive growth ahead. The Estonian ride-hailing company valued at $1 billion has 15 million users and 500,000 drivers worldwide, split evenly between Europe and Africa. In an interview with CNBC at the Web Summit tech conference in Lisbon, Portugal earlier this week, Taxify CEO Markus V
Uber rival Taxify says it can grow 100 times bigger in the scooter and ride-hailing market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: elizabeth schulze
Keywords: news, cnbc, companies, taxify, ridehailing, cities, european, market, uber, scooter, bigger, 100, grow, times, ceo, transportation, rival, safety, villig


Uber rival Taxify says it can grow 100 times bigger in the scooter and ride-hailing market

Taxify CEO: Safety is one of the key aspects of transportation 6:17 AM ET Thu, 8 Nov 2018 | 02:55

Tech unicorn Taxify is chipping away at Uber’s dominance in the European ride-hailing market – and its CEO predicts massive growth ahead.

The Estonian ride-hailing company valued at $1 billion has 15 million users and 500,000 drivers worldwide, split evenly between Europe and Africa. In an interview with CNBC at the Web Summit tech conference in Lisbon, Portugal earlier this week, Taxify CEO Markus Villig said he sees big potential in the European ride-sharing and scooter markets.

“Overall if you look at tech in Europe we’re still so much behind the U.S. and in that sense it’s definitely a massive achievement for us as a team that we get this far,” Villig said. “But when you look at the wider transportation space there’s still room to grow another 100 times from where we are today.”

Twenty-four-year-old Villig founded Taxify five years ago in Tallinn, Estonia. The company said it is now the market leader in 11 of the 25 countries where it operates. It has raised capital from investors including German automaker Daimler and Chinese ride-hailing firm Didi Chuxing.

“What most people in the U.S. might not realize is that there’s actually a lot of local competition still in the ride-hailing space, and we’ll probably see more deals happen like what happened in Russia, Southeast Asia and China over the past few years,” Villig said.

Taxify launched an electric scooter service in Paris in September that uses the same app for scooter and ride sharing. Villig reported “tens of thousands of trips” on the scooters each day, with 40 percent of rides done by existing Taxify users.

Scooter sharing has met backlash in cities around the world due to a lack of regulation and safety concerns. Villig said many European cities are “taking their time” before they allow new entrants in both the scooter and ride-hailing markets, adding Taxify is focused on the “long-game” when it comes to securing regulatory approvals.

Competitor Uber has been embroiled in a legal battle with the city of London after the city’s regulatory agency removed its license citing safety concerns. A judge overturned the ban in July, granting Uber a 15-month license with some conditions.

“We need to work together with cities and not just barge in before we have any agreement that it’s allowed,” Villig said.


Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: elizabeth schulze
Keywords: news, cnbc, companies, taxify, ridehailing, cities, european, market, uber, scooter, bigger, 100, grow, times, ceo, transportation, rival, safety, villig


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Uber rival Taxify expands into Western Europe pledging cheaper fares and higher pay

Ride-sharing challenger company Taxify is expanding into Western Europe in a bid to unseat Uber and bring greater competition to the market. This, in turn, will help the business attract and retain drivers, CEO Markus Villig told CNBC Monday. “Taking a lower cut is much more sustainable than taking a higher one and having unhappy drivers,” Villig noted. Like Uber, Taxify’s drivers are contractors who own their own vehicles and set their own hours, rather than being direct employees. However, Vil


Ride-sharing challenger company Taxify is expanding into Western Europe in a bid to unseat Uber and bring greater competition to the market. This, in turn, will help the business attract and retain drivers, CEO Markus Villig told CNBC Monday. “Taking a lower cut is much more sustainable than taking a higher one and having unhappy drivers,” Villig noted. Like Uber, Taxify’s drivers are contractors who own their own vehicles and set their own hours, rather than being direct employees. However, Vil
Uber rival Taxify expands into Western Europe pledging cheaper fares and higher pay Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-04  Authors: karen gilchrist
Keywords: news, games, cnbc, companies, conditions, taxify, business, taking, fares, rival, western, higher, pledging, villig, london, drivers, europe, uber, ridesharing, expands, taxifys, pay


Uber rival Taxify expands into Western Europe pledging cheaper fares and higher pay

Ride-sharing challenger company Taxify is expanding into Western Europe in a bid to unseat Uber and bring greater competition to the market.

Taxify will launch in London at 10:00 a.m. local time on Tuesday, September 5, and will offer fares at a 50 percent discount for the rest of the month as it aims to steal a slice of Uber’s dominance in the U.K. capital.

The Estonian start-up then plans to maintain prices at a discount to competitors by taking a lower commission: 15 percent compared with the 25-35 percent typically taken by other ride-sharing businesses.

This, in turn, will help the business attract and retain drivers, CEO Markus Villig told CNBC Monday.

“15 percent is enough to be a sustainable, profitable business in all markets,” said Villig, who launched the business in Tallinn, Estonia, in 2013, and has since expanded into 19 countries across Central Europe and Africa. Currently the business serves 2.5 million customers.

“Taking a lower cut is much more sustainable than taking a higher one and having unhappy drivers,” Villig noted.

Competitor Uber has faced wide-spread criticism for its poor working conditions and mistreatment of staff, which ultimately resulted in the resignation in June of its founder Travis Kalanick as CEO. He was replaced last week by ex-Expedia chief Dara Khosrowshahi.

Like Uber, Taxify’s drivers are contractors who own their own vehicles and set their own hours, rather than being direct employees. However, Villig claims that offering drivers an alternative will allow “market forces” to play out and help drive up standards.

“With only one main app there were poor conditions, but London is one of the biggest ride-sharing markets in the world and there is room for more competition,” he said.

So far, 3,000 drivers in London have signed up to the Taxify platform, up to six-times as many as the number seen in Taxify’s other launches to date.

Villig said similar market conditions exist in Paris, which will likely be its next target for expansion.

The launch follows Taxify’s partnership with Chinese ride-sharing company Didi Chuxing in August. The pair shares investment and technology, though Didi remains a minority stakeholder.


Company: cnbc, Activity: cnbc, Date: 2017-09-04  Authors: karen gilchrist
Keywords: news, games, cnbc, companies, conditions, taxify, business, taking, fares, rival, western, higher, pledging, villig, london, drivers, europe, uber, ridesharing, expands, taxifys, pay


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