In the midst of its UK expansion, Uber has announced that it is going to acquire the tech company
Autocab. In a press release, it said that this will give riders in the UK the
ability to access taxi firms and drivers in spots that the ridesharing giant
doesn’t usually cover.
The expansion deal comes as Uber struggles to recover from
the downfall in business because of the coronavirus lockdown. The firm advanced
that this impact could lead to a revenue drop of $60 million to $80 million in
the second quarter of the year.
While announcing the deal with Autocab, which offers booking and dispatch software, Uber said that
every month, its users open its apps in places that the company does not
operate to try to get a trip. Now, thanks to Autocab’s iGo marketplace, these
riders will be able to connect with local operators who can take their booking.
Nonetheless, it should be noted that the latter will remain completely
independent of Uber’s own board.
Speaking about this deal, Autocab’s
CEO Safa Alkateb advanced that this collaboration with the ride-sharing
company will allow his firm to scale up its ambitions while “providing
hundreds of thousands of additional trips for our customers”.
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