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Estonian ride-hailer Bolt launches in Thailand offering better rates

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Estonian ride-hailer Bolt launches in Thailand offering better rates

By Chayut Setboonsarng

 

bolt-e1560946926318.jpeg

Image: Google

 

BANGKOK (Reuters) - Bolt, a popular ride-sharing system in Eastern Europe and Africa, has rolled out its platform in Thailand, the company said on Wednesday, as competition grows among Southeast Asian ride-hailers.

 

Backed by Daimler and China's Didi Chuxing, Bolt said its pilot venture in the Thai capital, its first in Southeast Asia, has more than 2,000 drivers and will offer better rates to drivers and riders.

 

"For a minimum of six months, Bolt in Thailand commits to charging drivers no commission for using the platform and offers fares 20% lower than other competitors," it said.

 

The announcement comes as drivers of well-funded rivals, including Singapore-based Grab, backed by SoftBank Group, and Indonesia's Go-Jek, battled the coronavirus crisis that has devastated economies around the globe.

 

These services, however, were already reeling under high costs even before the outbreak.

 

Grab Thailand lost more than $22 million in 2018, while rapid growth led to a near doubling of losses last year.

 

"Our experience in Europe and Africa has proven that ride-hailing is not a winner-takes-all market," Bolt said in a statement to Reuters.

 

Ride-sharing services exist in a legal gray area in Thailand, with police routinely stopping and fining drivers because they are not properly registered.

 

"The existing pressure from taxi associations against legalisation still looms large," said Ben Kiatkwankul of government affairs advisory the Maverick Consulting Group.

 

"The government could take action against these players in the future."

 

Bolt said it complied with all requirements to operate in Thailand and worked with the government on regulation.

 

Thailand's plan to legalise ride-hailing services this year has slowed because of the pandemic.

 

Bolt, founded in 2013, has more than 30 million users in over 35 countries across Europe and Africa.

 

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-- © Copyright Reuters 2020-07-29
 

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Posted (edited)

Every money go in Russian mafia pocket! After do little rouling its clean! Even make 20-40% lose its CLEAN!

Edited by 2 is 1

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2 hours ago, snoop1130 said:

with police routinely stopping and fining drivers

Happens to everybody.

  • Like 1

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As Grab made deals with the DLT to include Taxi’s to stop the Taxi Mafia becoming *violent UBER were deemed illegal and effectively forced out of the marked removing the ‘competition’. 

Smaller companies such as All Thai Thai have been allowed to operate, because they are Thai and are small enough not the threaten Grab.

 

This company is not Thai...  it will be forced out of the Market in a relatively short period of time unless someone very well connected is receiving a healthy chunk. Ultimately they are likely receiving a very healthy chunk to allow this company to set up in competition in the first place. Once Grab lobbies their contacts any appetite to support this company [Bolt] will diminish and it will disappear into history.

 

 

 

 

*in Bangkok at least, that didn’t really work elsewhere, Pattaya, Phuket, Samui.

 

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GRAB ... 114+ baht from home to school

taxi in the street : 65-80 baht

 

yeah.... those apps are really ...

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if GRAB turns up, at least the app tells them where you are going and you do not get the Farang ripoff.  I use GRAB because i don't have to haggle the price, but, they don't always turn up.

  • Haha 1

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13 hours ago, Mung said:

Last time I checked, Estonia wasn't Russia 

Yes indeed. It is an independent Baltic nation with membership of the EU.

As an additional personal opinion - more gang warfare over passengers?

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14 hours ago, richard_smith237 said:

As Grab made deals with the DLT to include Taxi’s to stop the Taxi Mafia becoming *violent UBER were deemed illegal and effectively forced out of the marked removing the ‘competition’. 

Smaller companies such as All Thai Thai have been allowed to operate, because they are Thai and are small enough not the threaten Grab.

 

This company is not Thai...  it will be forced out of the Market in a relatively short period of time unless someone very well connected is receiving a healthy chunk. Ultimately they are likely receiving a very healthy chunk to allow this company to set up in competition in the first place. Once Grab lobbies their contacts any appetite to support this company [Bolt] will diminish and it will disappear into history.

 

 

 

 

*in Bangkok at least, that didn’t really work elsewhere, Pattaya, Phuket, Samui.

 

It’s Chinese-Thailand is a province-they will be fine

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Downloaded it just to check their claims. The prices of Grab and Bolt seem to be almost the same. Deleted, as very satisfied with Grab. Thank you very much! 

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On 7/29/2020 at 1:54 PM, 2 is 1 said:

Every money go in Russian mafia pocket! After do little rouling its clean! Even make 20-40% lose its CLEAN!

Estonia isn't connected to Russia. She is an independant EU member country. 

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