Yandex.Taxi and Uber, 6 has joined forces in the country: Yandex.Taxi and Uber, 6 has decided to unite their activities in the country. The new vehicle-sharing model, which will emerge with the merger of two major brands, will serve in Russia, Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan.
Russia's online taxi application Yandex.Taxi and the car rental company Uber have signed a big deal. Combining the power of two brands, one of the best examples of digital transformation in the world, has created a new tool sharing model. The new vehicle sharing model, which will be an important alternative to individual car use and public transport, is expected to receive a share of 5-6 from the taxi sector in Russia.
The new application that will make a significant contribution to the growing digital economy will be as follows: Yandex.Taxi and Uber applications will work as before for users. The drivers will switch to an integrated platform that allows users to receive both Yandex.Taxi and Uber applications. Thanks to the integrated driver platform, the number of vehicles to serve will increase significantly. However, the waiting times of passengers will be reduced. Passengers will have the advantage of traveling at more affordable prices, while drivers will be able to serve more customers per hour. In order to increase the power of the new model, Yandex's worldwide successful navigation and map technologies will also be used.
Users will have the opportunity to experience the benefits of the new model globally. When Yandex.Taxi users go to London or Bangkok, for example, they will be able to call a Uber tool from the Yandex.Taxi application. Tourists from Paris to Moscow can also call a Yandex.Taxi vehicle through the Uber app. The partnership of the two companies will include the UberEATS service, which is the online food distribution application in the six countries concerned.
The value of the partnership is announced as 3.73 billion dollars. Uber will invest in 225 million dollars and Yandex while 100 will invest millions of dollars. Yandex will have% 59,3 of the new company to be formed, Uber% 36,6 and the remaining% 4,1 will be controlled by employees. 2017's 4. expected to be operational in the quarter.