Uber acquires Autocab to strengthen its position in the UK

The ride-hailing industry is in the hibernating phase due to the COVID-19 impact. Nothing much has happened in the recent past except the adverse economic impact of COVID-19 on the ride-hailing industry.


But even in such a phase, Uber managed to grab everyone’s attention with its latest acquisition of U.K based company – Autocab which is known for selling SaaS solutions to private hire and taxi companies. Till now, the price of the acquisition has not been disclosed. Moreover, Uber has also declined to comment on the terms of the deal.

This acquisition move is a crucial one for Uber as it helps them to expand their operations’ footprint in the UK. It’s important to note that currently, Uber is operational in only 40 towns and cities. Most UK towns except London have the presence of independent private hire taxi firms. In these towns, riders used to get a cab by making phone calls until very recently as the local taxi businesses lacked technological resources and infrastructure.

Autocab helped such businesses by providing them with radios and other equipment. Not only this, but they also created a cloud-based taxi booking platform along with an Uber-like app. These solutions were then sold to these small local taxi companies which empowered them to offer their riders with the on-demand cab booking option.


Location: United States

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