Summer is the season for getting out and about, and technology is making it easier to find a ride as apps and taxi companies take on Uber.
Yet despite dominating the rideshare market globally with more than 90 million users and being backed by some of the biggest venture capital investors in Silicon Valley, the company is still yet to produce a single dollar in profit.
Uber had one of the worst opening days of trading after its shares plunged around 8 per cent on the same day they became available. Uber-rival Ola is expanding to the last two capital cities where it doesn’t already operate as well as adding several regional centres to the list of places you can book a ride through the app.
“We’re committed to providing more choice for customers and opportunity for drivers across Australia so they can benefit from our offer of lower commissions and better value rides,” Mr Smith said. Ola can however brag about treating its drivers slightly better than its rival by charging less commission.Ola has announced it will halve its usual commission to just 7.5 per cent for drivers who sign up in the new locations until midnight on New Year’s Eve in order to make sure there are plenty of cars available.
A2B CEO Andrew Skelton said the new feature addresses “a gap in the market we’ve identified as critical to the personal transport sector”.
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