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Jorge Pilo, who took over the activities of the Spanish company Cabify in Brazil at the end of last year, said that the current applications sector was experiencing a situation of irrationality at Brazil.
The executive said that there was no hurry to develop the company's market share, which now ranks third in Brazil on this criterion in the segment in which Uber and 99 are also active.
Indeed, the strategy adopted by competitors to subsidize high-priced racing prevents the maintenance of the financial viability of the company, according to
"The irrational market is a market in which pbadengers are purchased for a higher value than they are entitled to, they are worth But the market finally becomes rational, it happened in China, in Russia, in Singapore.This will happen here too. "
He says that It is not possible to know when the market will start this trend, but he thinks that the openings in the capital of companies in the sector can encourage competitors to be more concerned about their profitability.
The market is expecting Uber to debut in the US market this semester.
At a conference of journalists, Juan de Antonio, founder of Cabify and chairman of Maxi Mobility, a holding company that controls the company's operations.
NEW MODALS
In the future, the company hopes to intensify its commitment to alternative modes of transportation. "Cabify is the first inclusive platform in Latin America to integrate a number of mobility solutions," he says.
"Cabify is the first inclusive platform in Latin America to integrate multiple mobility solutions," he said. The company is present in 12 markets, mainly on the continent.
The company started making taxi calls in its application earlier this year. The feature was part of the integration with Easy Taxi, acquired by Cabify in 2017.
The integration takes place in the eight countries where both brands are present. There was also a merger of the operations of the two companies.
Since 2017, Cabify can also rent helicopter flights to São Paulo as part of a partnership with Voom.
According to the company, 60% of Cabify users would like to use a taxi and 75% of taxi drivers are happy to receive calls from Cabify.
In November, Cabify invested in Movo, a start-up. Spanish that allows the sharing of motorcycles. The company plans to offer this service in Latin American countries, including the rental of electric scooters.
In Brazil, alternative transport applications began with the arrival of Yellow, a start-up that has spread in the city of São Paulo. electric bicycles and scooters discovered and unlocked via the application
Among the creators of the company are some of the founders of 99, the rival of Cabify in Brazil acquired by the Chinese Didi a year ago
According to Pilo, no prediction is yet foreseen
He states that he sees no great risk for the delay in entering this market, even if the competition is gaining ground because, according to him, it is a segment that will allow growth. for a long period.
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