05 December 2017

New mobilities: RCI Bank and Services announces the resumption of Karhoo business activity

  • Karhoo, of which RCI Bank and Services is the majority shareholder[1], brings together taxi and ride-hailing companies on a single integrated booking platform, enabling final users to book, modify, monitor and pay their rides and benefit from a broad selection of vehicle fleets and services.
  • At end-December 2017, over 150,000 vehicles will be available worldwide in the Karhoo network, making it a leader in the sector. The platform is able to manage up to 10 million transactions a month.
  • The Karhoo platform provides an automated solution to businesses and agents[2] seeking to provide their employees or customers with a simple and transparent worldwide taxi and ride-hailing service.
  • Taxi and PHV companies benefit from strong visibility with new users and a comprehensive management system for the reservations and transactions of their customers.
  • Following the launch of RCI Mobility and the acquisitions of Yuso and Marcel, the resumption of the business activity of Karhoo is part of RCI Bank and Services' ambition to bring Alliance brand customers and new users simple, attractive and personalized automobility solutions.

Commenting, Gianluca De Ficchy, Chief Executive Officer of RCI Bank and Services, said: "The work carried out together by the teams at RCI Bank and Services and Karhoo enabled us in just a few months to design a platform able to respond in real time to all types of automotive mobility needs. We have created an original ecosystem bringing together taxi and ride-hailing companies and the customers or employees of large organizations. Karhoo is an integral part of our strategy to develop new automobility services with a view to becoming a benchmark player in this market."



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