Global taxi technological company Uber technologies, which earlier planned expansion of its engineering team in India, has partnered with Singapore’s top taxi operator ComfortDelGro Corp Ltd to launch a new ride-hailing service in Singapore, and team up against their key regional rival Grab. This is the first collaboration between the firms and ComfortDelGro would buy a 51 percent stake in Uber’s Singapore car leasing unit, Lion City Rentals.
UberFLASH provides cheaper fares
UberFLASH fares will be, on average, 5-10 percent cheaper than low-cost option UberX, said Uber and ComfortDelGro in a joint statement.
ComfortDelGro operates about 13,700 taxis in the city state, which is more than the fleet of all the other taxi companies combined. Uber’s Lion City Rentals has a fleet of about 14,000 vehicles.
Waiting for the Approval
UberFLASH is already available in Thailand and Malaysia. ComfortDelGro’s acquisition of a majority stake in Lion City is waiting for approval from the Competition Commission of Singapore. The anti-trust regulator is reviewing the deal and recently sought public feedback on it.