Rapido forays into cabs business, launches nationwide 100,000 vehicle fleet for intra-city transportation
Team Udayavani, Dec 6, 2023, 12:00 PM IST
Rapido, a prominent ride-hailing app for two-wheeler and auto-rickshaw services, announced its strategic foray into the cab industry.
Branded as Rapido Cabs, this expansion marks a significant step in company’s goal to transform urban mobility in India. With an initial fleet of 100,000 vehicles, Rapido aims to offer affordable intra-city transportation, fostering entrepreneurship among drivers while ensuring cost-effective commuting options for customers, the company said in a press release.
By diversifying its offerings, Rapido aims to become the go-to platform for a wide range of commuting needs, providing an affordable platform for commuters while benefiting captains. Accessible to all cab captains operating across the country, these services are designed to promote entrepreneurship, fostering a sustainable livelihood for drivers, it said.
Beyond empowering drivers, the focus extends to customer affordability, offering cabs at the lowest price to make transportation more accessible for all, the company added.
With a commanding 60% market share in bike taxis, Rapido expands its footprint with the pan-India launch of Rapido Cabs, introducing an initial fleet of 1 lakh vehicles.
Expressing his excitement about this latest milestone, Pavan Guntupalli, co-founder of Rapido, said, “We are incredibly excited to introduce Rapido Cabs pan India following the immense success of our bike taxi and auto services across the country.Our innovative SaaS-based platform revolutionizes the conventional commission system for drivers, tackling the persistent challenge of commission sharing with aggregators. This pioneering approach ensures that drivers incur only a minimal software usage fee, marking a significant shift in the industry.”
He added, “It also prioritizes customers by ensuring lowest price guarantee and making our services exceptionally affordable for all.”
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