As you have already known, Singapore-based Grab has successfully acquired Uber’s business in Southeast Asia after years of vigorous competition that drove the two ride-hailing apps constantly giving out discounts and ultimately hurting profit margins of both parties.
The deal has granted Uber a good 27.5% stake hold in Grab and in return, Uber’s ride-share and food delivery businesses in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam will all be handed over to Grab, effective April 8. While CEO of Grab Anthony Tan said it’s “the beginning of a new era” as they are now in a stronger position to better serve the customers, but analysts warned the public that the acquisition would result in price hikes, BBC reports.
Before you start getting worried about the imminent price increase, there is a new competitor in town recently and it’s called MyCar.
Don in a dark background with MyCar written on the app icon, the new ride-hailing app started serving Malaysians on 1 February 2018. It works like any other ride-hailing app and it allows users to choose from six categories, differentiated by car class and size: MyCar Economy (sedan or compact cars), MyCar Premium (cars above Class C, starting from 1800cc), MyCar MPV Compact (eg. Perodua Alza, Toyota Avanza), MyCar MPV Premium (eg. Toyota Vellfire Nissan Serena), MyCar Cab (registered taxis), and MyCar Now (all the 5 options whichever is the nearest and fastest).
According to Utusan Malaysia, the company has seen a 2,000 increase of drivers ever since the Uber acquisition. Chief Operating Officer of Platform Apps Sdn. Bhd., Mohd. Noah said the influx of registered drivers to MyCar came on March 26 after the company opened for application. He added that the company still welcomes drivers and has opened registration counters at MyCar Headquarters in Setia Alam, Shah Alam. The registration counters will open until 11pm everyday.
“Besides, drivers who stay far away from their HQ can register by contacting MyCar’s official Facebook page,” said Mohd. Noah.
According to a Malaymail Online report on Thursday, the platform currently has 10,000 drivers and 10% of them are female. Over a Facebook post, the company also announced that the app is seeing a huge surge of users with 80,000 downloads over the past week.
Klang Valley passengers can enjoy the service with a minimum fare of RM5 while in other states, it costs RM4 for the first five km. The company is now offering RM55 fares to KLIA and klia2 which previously cost RM59.
It’s promised that the new ride-hailing player carries rigorous background checks on their drivers with relevant authorities such PDRM, JPJ and SPAD before they are allowed on the platform. The app comes with an SOS button so that both drivers and passengers are more well-protected in a case of emergency or danger.