Technoglitch
Core Member
Uber Inc., the world’s most valuable start-up and Ola (ANI Technologies Pvt. Ltd), now offer between themselves an array of services; point-to-point drop, ride sharing, carpooling, autorickshaws and now bike taxis, which is likely to establish their grip over short-distance trips at a lower price point.
UberMOTO, the bike taxi service, will have a base fare of Rs.15, the company said in a statement. Uber will charge Rs.3 per km apart from Rs.1 for every minute of the ride time. Ola will charge Rs.2 for every km apart from Rs.1 per minute ride time charge, on a base fare of Rs.30.
According to industry experts, bike taxis may help both Ola and Uber add significantly to their consumer base, by virtue of the cheaper price points. But, a new service at a cheaper rate will lead to additional cash burn for these companies, as they will have to spend more on incentives for the riders and consumers. According to multiple industry executives, both Ola and Uber are losing money on every booking, which implies that if demand for bike taxis surges, so do their expenses.
Ola, Uber launch bike taxi services in Bengaluru - Livemint
UberMOTO, the bike taxi service, will have a base fare of Rs.15, the company said in a statement. Uber will charge Rs.3 per km apart from Rs.1 for every minute of the ride time. Ola will charge Rs.2 for every km apart from Rs.1 per minute ride time charge, on a base fare of Rs.30.
According to industry experts, bike taxis may help both Ola and Uber add significantly to their consumer base, by virtue of the cheaper price points. But, a new service at a cheaper rate will lead to additional cash burn for these companies, as they will have to spend more on incentives for the riders and consumers. According to multiple industry executives, both Ola and Uber are losing money on every booking, which implies that if demand for bike taxis surges, so do their expenses.
Ola, Uber launch bike taxi services in Bengaluru - Livemint
