According to Business Insiders; Ride-hailing app GrabTaxi, which competes with Uber Technologies Inc
in southeast Asia, is planning to launch a carpooling service in
Singapore, one of the most expensive cities in the world to own a car.
"GrabHitch hits the sweet spot for people who want a door-to-door
transport service, but prefer not to pay a premium above public train or
bus fares," Tan Hooi Ling, co-founder of GrabTaxi, said in a statement
on Wednesday.
Singapore, which levies high taxes on car owners, introduced rules
for carpooling earlier this year, which allow the driver to accept
compensation, either monetary or in kind, from the passenger but not for
profit.
GrabHitch, which will be launched to all consumers in Singapore by
end-2015, will compete with existing services and websites, such as Ryde
and Tripda.
GrabTaxi, which counts Japanese telecoms firm SoftBank Corp, China
Investment Corporation, and a unit of Singapore state investor Temasek
Holdings as shareholders, has raised about $700 million since it was
launched in 2012.
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