A Local E-Hailing App Is Looking To Fill The Gap After Grab's Acquisition Of Uber
Competition is always good.
By John Lim — 05 Apr 2018, 05:43 PM
Grab has officially acquired Uber's business in Southeast Asia, leaving many consumers concerning over the possibility of price hikes and monopoly on the ridesharing industry
The deal saw Grab overtaking Uber's operations and assets in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.
In return, Uber received a 27.5% stake in Grab.
As Uber prepares to pull the plug on its services this coming Sunday, a local e-hailing service has emerged as an alternative option for consumers in Malaysia
That e-hailing service is MyCar, which started operations on 1 February this year.
It functions just like Grab and Uber, giving consumers the ability to request on-demand rides at any given time.
Consumers will have six ride options to choose from
The options are: MyCar Economy, MyCar Premium, MyCar MPV Compact, MyCar MPV Premium, and MyCar Cab.
The base fare starts at RM5 nationwide for the Klang Valley and RM4 (first 5KM) for consumers in other states.
Fares to KLIA and klia2 are fixed at RM59, but there's currently a promotion offering RM55 instead
For the safety of its passengers, MyCar carries out stringent background checks on drivers before they are allowed on the platform.
The app is also equipped with an SOS button as an additional security measure for passengers and drivers.
Since its inception two months ago, the app has recruited over 50,000 drivers. Of the total, 10% are women.
Its founder Mohd Noah Maideen said the response has been encouraging, especially in the last two months.
"The application can help drivers gain access to consumer demand in the growing e-hailing market and generate more income.
In addition, it helps balance the e-hailing industry in Malaysia, thereby creating healthy competition in providing the best service to customers," he said as quoted by theSun.