Uber to acquire Autocab in expansion partnership

Posted: 7 August 2020 |

The partnership aims to connect local operators with more earning opportunities and expand Uber’s service range.

Uber to acquire Autocab in expansion partnership

Uber has entered into an agreement to acquire UK technology company Autocab. Autocab provides private hire and taxi operators with booking and dispatch technology and connects them with trips through their iGo marketplace. 

Uber reported that every month thousands of people open the Uber app in places that the ride-hailing firm does not operate to try to order a trip. Through Autocab’s iGo marketplace, Uber aims to be able to connect these riders with local operators who can choose to take their booking. In turn, operators would be able to expand their operations and offer more earnings opportunities to local drivers. Uber will also explore providing drivers with additional revenue opportunities related to its platform for other services, such as delivery.

Autocab has set out to encourage local private hire and taxi operators to transform their businesses, and their CEO said the firm believes Uber’s technology can help accelerate Autocab’s global ambition and the growth of their customers’ businesses. 

Post-acquisition, Autocab will remain independent with its own board focussed on providing technology to the taxi and private hire industry around the world.

Safa Alkateb, CEO of Autocab, said: “Autocab has been working with local operators across the world to provide the technology to make them more efficient and open up a marketplace to provide more trips. Working with Uber we can scale up our ambitions, providing hundreds of thousands of additional trips for our customers, and help cement the place of licenced operators in their local community.”

Jamie Heywood, Regional General Manager, Northern & Eastern Europe, Uber, said: “Autocab has worked successfully with taxi and private hire operators around the world for more than thirty years and Uber has a lot to learn from their experience. We look forward to working with the Autocab team to help local operators grow and provide drivers with genuine earnings opportunities.”

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