Rival ride share app Taxify to take on Uber in Australia
A new ride-sharing company launching in Sydney hopes to shake up the market currently dominated by Uber by offering half-priced fares for one month.
Taxify, which claims to be Europe's fastest-growing ride-sharing app, will begin servicing Sydneysiders from Tuesday morning. It already has more than 4000 drivers registered.
The launch marks the first entry of Taxify into the Australian market.
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Taxify, which claims to be Europe's fastest-growing ride-sharing app, will begin servicing Sydneysiders from Tuesday morning
The launch marks the first entry of Taxify into the Australian market
In an opening swipe at its main rival, the company issued a statement highlighting its commission of 15 per cent, almost half the amount Uber takes from its drivers.
Founder Markus Villig is confident Sydney residents will embrace another ride-sharing option.
'We have based our business model on fairness and transparency,' he said in a statement.
'It is because of this that we have had so many drivers sign up to Taxify in such a short space of time.'
In an opening swipe at its main rival, the company issued a statement highlighting its commission of 15 per cent, almost half the amount Uber takes from its drivers
The app already operates in 20 countries around the globe.
Trade and Industry Minister Niall Blair welcomed the investment in NSW.
'This is a sign of confidence from a major player that overseas investment in NSW is in more demand than ever before,' he said.
Founder Markus Villig is confident Sydney residents will embrace another ride-sharing option different to Uber
TAXIFY Currently takes 15 per cent commission Has 4000 drivers registered in Sydney Revenue of $1billion, with four million users across 20 countries The app was launched in 2013 by Markus Villig in Estonia Claimed to be the world's fastest growing ride share app Started as an aggregate platform for taxi companies Will bring in surge pricing for public holidays including New Year's Eve but will be capped at 1.5 times the usual rate Business model is based on 'fairness and transparency' according to Mr Villig Has been financially backed by Chinese ride-sharing giant Didi Chuxing