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.

Read more here:

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.

Read more here:

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.

Read more here:

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.

Read more here:

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.

Read more here:

Here at Splyt we are constantly working on getting interesting, relevant info on Urban Mobility straight to you. Follow us on all our channels and we will keep you in the loop! Is there a topic you want us to cover in an article or a documentary? Lets us know: leave a comment or shoot us a message.