Mobility Services

Sberbank’s alliance with Mail.ru Group puts its partnership with Yandex under question

November 12, 2020

In a move that could have far-reaching strategic implications, Mail.ru Group and Sberbank – two giants of the Russian Internet listed on Western exchanges – yesterday announced a joint venture project to develop ride-hailing and food delivery activities. This is the first-ever cooperation of that type between these two companies, the Mail.ru Group press service …

Sberbank’s alliance with Mail.ru Group puts its partnership with Yandex under question Read More

Yandex.Taxi announces new acquisition to maintain leadership; Mail.ru Group claims veto right

November 12, 2020

Yandex.Taxi, the taxi-hailing company which merged activities in Russia and some neighboring countries with Uber last year, is planning a new acquisition to expand across Russian regions.  The company (formally called MLU) announced today an agreement to acquire the IP and call-centers of Vezet, a taxi-hailing service which is available in 123 Russian cities under …

Yandex.Taxi announces new acquisition to maintain leadership; Mail.ru Group claims veto right Read More

Moscow City Hall uses taxis, video cameras, and metro passes in new citywide surveillance scheme

November 12, 2020

Moscow Vice Mayor Maxim Liksutov has told the BBC Russian Service that the Russian capital’s municipal government is tracking the movements of its residents using tools as diverse as taxi data, cell phone data, security cameras, data from Troika multi-ride metro passes, and customer complaints about the city’s public transport system. Liksutov said that all this geoanalytical …

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Report: Monthly car sharing spending exceeds $15 million in Russia

November 12, 2020

Russia’s car sharing market grew fivefold in 2018, reaching some 7 billon rubles (approximately $110 million), according to Sberbank, a major state-controlled financial institution. Total spending amounted to 1 billion rubles (roughly $15 million) in January 2019, up 5% from December 2018. In 2018, users spent a monthly average of 3,467 rub. ($55) , each …

Report: Monthly car sharing spending exceeds $15 million in Russia Read More

Yandex.Taxi asserts market leadership, announces new acquisitions

November 12, 2020

Several news came last month from Yandex.Taxi, the taxi-hailing company which merged activities in Russia and some neighboring countries with Uber earlier this year. The company  bought the software assets of a Moscow-based company, Nowtaxi. The software supports the accounting of operations with affiliated drivers and provides related analytics. Formally, the software assets, not the company, have …

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Mail.Ru Group surrenders carpooling activity to global leader BlaBlaCar

November 12, 2020

BlaBlaCar, the carpooling giant born in France, is consolidating its leadership on the Russian market with the acquisition of BeepCar, a competing service launched by Mail.Ru Group last year. The terms of the deals are expected to be disclosed in Mail.Ru Group’s next reports. BeepCar traffic will be redirected to BlaBlaCar “as of this autumn,” …

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Mail.Ru Group and MegaFon invest $26 million in taxi-hailing service CityMobil

November 12, 2020

Last week Mail.Ru Group and MegaFon, two LSE-listed Russian Internet and mobile leaders, announced the acquisition of a majority stake in CityMobil, a Moscow-based taxi-hailing service. After the completion of the round, Mail.Ru Group and MegaFon will respectively own a 26% stake and an up to 31% stake in the company in exchange for capital …

Mail.Ru Group and MegaFon invest $26 million in taxi-hailing service CityMobil Read More

Russian warehouse operator plans to launch “Uber for cargo carriers”

November 12, 2020

Multinational Logistics Partnership (MLP), a major operator in the Russian warehouse real estate industry, intends to launch an interactive transportation management system for cargo transportation in Russia. The project is expected to start operations in the course of this year. Dubbed ‘TransCord,’ the system will track information about registered carriers and cargoes. An advanced selection algorithm automatically will identify …

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Mail.ru Group launches international ride sharing service

November 12, 2020

Last month Mail.ru Group, a leading LSE-listed Russian Internet group, launched a ride sharing service in Russia and neighboring Russian-speaking countries. Dubbed ‘Beepcar,’ the service is available in Russian and English languages. Among other features, an automatic confirmation option is intended for drivers who would welcome any fellow passengers without validating their requests individually. The service has initially been …

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On-demand ride service Gett receives $100 million loan from Russia’s Sberbank

November 12, 2020

Today Gett announced that it has received a $100 million loan facility from Sberbank CIB, the corporate and investment banking branch of Russian national savings Sberbank. This funding comes on top of $540 million previously raised by the company since 2010, according to Sberbank CIB.  The last round of financing took place in May 2016, with Volkswagen Group …

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Russia set to become Blablacar’s largest market in 2017

November 12, 2020

Blablacar’s activity in Russia has reached a “phenomenal level,” said its co-founder and CEO Nicolas Bruisson in a recent interview with French business daily Les Echos. “Our concept is popular there, there was a demand but little competition,” Bruisson said. He expects Russia to become his company’s number one market, even before France, in 2017. The French …

Russia set to become Blablacar’s largest market in 2017 Read More

Busfor secures $20 million “to reinvent bus travel” across Europe and beyond

November 12, 2020

Busfor, an online bus ticketing and distribution platform based in Moscow, Russia, and Kyiv (Kiev), Ukraine, has just raised $20 million from private equity funds Baring Vostok Capital Partners and Elbrus Capital. Since its inception in Ukraine in 2010, the company — previously known as Gillbus — had received financial support from Intel Capital, InVenture Partners and FinSight in 2014, …

Busfor secures $20 million “to reinvent bus travel” across Europe and beyond Read More

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