Uber gets a new CEO, Taxi companies join ride-sharing platforms, Go-Jek gets funding

Welcome to our weekly news roundup, the place where you can find the most important information about urban mobility every Tuesday. Last week: taxi companies join ride-sharing companies in Southeast Asia and the Middle East, Uber (finally) finds a CEO, investors continue looking at Southeast Asia’s ride-sharing industry for large investments.

Orange Cabs join Careem

As part of its expansion plans, Careem makes a deal with Orange Taxi. The taxi company will join Careem’s fleet in Hurghada, offering more vehicles for users in one of the top tourist destinations in Egypt.

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Singapore’s ComfortDelGro might be joining Uber

Another taxi company seeks to join a ride-sharing company in order to remain in business. One of the leading cab companies in Singapore, ComfortDelGro, said that they have signed an exclusivity letter with the American ride-hailing giant, Uber. Other taxi companies in the region have made partnerships with Grab, Southeast Asia’s leading ride-sharing platform. ComfortDelGro has its own e-hailing application with a fleet of over 15,000 cabs. It is still unclear whether the deal with Uber would mean that Comfort would only become a provider of cars and drivers to Uber.

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Uber (finally) gets a CEO

After Travis Kalanick’s resignation last June, Uber has been CEO-less for over two months. Candidates such as Meg Whitman and Jeff Immelt had been rumoured to be considered for the position — however, both decided to publicly reject it via Twitter. Just last week, Uber’s board finally came to the agreement that Expedia’s CEO, Dara Khosrowshahi would be offered the position.

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Grab invests in Myanmar

Southeast Asia’s leading ride-sharing platform, Grab, entered Myanmar a few months ago, about the same time as Uber did. Grab has announced that it will invest $100 million in order to expand in the country.

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Go-Jek close to finalizing a $1.2 billion investment

Indonesia’s tech unicorn, Go-Jek, will soon be closing the funding round it announced last May. The latest addition to the funding round is Alibaba’s main competitor, JD.com. After this round, Go-Jek will end up with a valuation of $3 billion. Tencent, Go-Jek’s long term partner, will be leading the $1.3 billion funding round. The infusion of money in the ride-sharing industry in Southeast Asia is getting intense - just a few days ago, Singapore’s Grab closed a $2 billion funding round. As Grab and Go-Jek compete with Uber in Indonesia, the American ride-sharing platform might have to reconsider its strategy in the region if it does not want to get into a cash burning war.

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