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Finnish start-up Split eyes India’s taxi hailing business

  • Split, a ride-sharing Finnish start-up with operations in Washington DC,
    is aiming to grab a share of the fiercely competitive app-based cab hailing
    business in India, the
    Economic Times
    said in a report.
    • Split, a ride-sharing Finnish start-up with operations in Washington DC,
      is aiming to grab a share of the fiercely competitive app-based cab hailing
      business in India, the
      Economic Times
      said in a report.
    •  
    • Image result for taxi
    •  
    • Split connects riders going in the same direction with the use of an
      app, helping them share cabs and save money.
    •  
    • A rider sees the price before booking and has to walk a bit to a pick-up
      location to hop in the waiting shared cab. Passengers aren’t exactly picked up
      or dropped off at their homes or offices, but to spots easily covered walking
      in order to save time and inconvenience to co-passengers.
    •  
    • “Our priority is to stabilise our operations in DC and then look at
      growth markets like India,” said Teemu Sihvola, head of concept
      development at Split.
    •  
    • When it enters India, in a year or so, Split will be up against the
      well-funded and rapidly expanding competitors like Uber and Ola, which have
      changed the taxi hailing game in the country.
    •  
    • “We will be better than Uber,” Sihvola asserted, referring to
      how the shared services would slash cost for customers, and help reduce the
      number of cars on the road, curbing traffic jams and air pollution hurting
      Indian cities.
    •  
    • A struggling economy, small population and limited domestic market
      prospects have prompted Finland to encourage and fund young entrepreneurs to
      start new ventures. And, especially so in the emerging cleantech sector, where
      business possibilities have risen with increased climate hazard, the awareness
      around it, and a global consensus towards making the planet greener. 

     

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