HomeTech NewsUber Launches Service With Taxi Drivers in Colombia

Uber Launches Service With Taxi Drivers in Colombia


Trip-hailing app Uber will supply entry to its platform to common taxi drivers in Colombia, it stated on Wednesday, replicating a transfer it has already rolled out in different nations in Latin America and Europe since final 12 months.

Uber has launched Uber Taxi in an alliance with TaxExpress, a service that shall be initially supplied in Colombia’s capital Bogota and third-largest metropolis Cali.

As in different nations, Uber has confronted severe challenges in Colombia amid accusations of unfair competitors, which resulted in authorities ordering the corporate to halt operations in 2019, a call which was overturned by a courtroom final 12 months.

Colombia lacks clear regulation for ride-hailing apps. Whereas different corporations reminiscent of Didi and Cabify function within the nation, drivers have confronted fines and different sanctions for offering ride-hailing companies, in addition to aggression from taxi drivers.

“Having taxis on the platform is a present of reconciliation … it presents totally different options for customers,” Marcela Torres, Uber’s common supervisor in Colombia, stated throughout a digital press convention.

Uber Taxi has operated in Mexico, Brazil, Chile, Argentina, and Spain since final 12 months, representing a change of substances for the corporate amid regulatory challenges.

The corporate reported an adjusted $509 million (roughly Rs. 3,780 crores) second-quarter loss earlier than curiosity, taxes, depreciation and amortisation – which excludes one-time prices, together with stock-based compensation – widening losses by almost $150 million (roughly Rs. 1,110 crores) from the primary quarter.

“In Colombia we live by adjustments and looking for options with former rivals is part of that,” TaxExpress common supervisor Jose Hernandez stated.

© Thomson Reuters 2021


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