Ride-hailing platform Grab plans will expand its services to more areas in the country.
Anthony Tan, chief executive officer of Grab Holdings Inc. disclosed this in a courtesy call with President Ferdinand Marcos Jr. in Malacañang on Tuesday, according to the Presidential Communications Office-Radio Television Malacanang.
Tan said Grab is eyeing 10 more cities and municipalities.
Marcos cited Grab’s contribution to employment in the past year and a half.
GrabCar is operating in 25 cities while GrabFood provides services to more than 100 cities nationwide.
Tan said when Grab acquired the motorcycle-riding service Move It, they were just doing 8,000 rides a day. The number has increased to over 300,000 rides daily.
Grab hopes to increase its ridership to half a million rides a day which Tan said is possible in six months “with the President’s support.”
He said their motorcycle riders are also now earning around P1,500 to P2,500 daily for an average of three rides, which is higher than their previous earning of P500 to P700 when they started.
In 2023, Grab created more than 100,000 driver and operator jobs and digitalized more than 15,000 small and medium enterprises, which contributed to easing the national unemployment rates by 1.1 percent to 1.6 percent from 2019 to 2021.
Grab recommended last year the deregulation of the supply of transport network vehicle service and the legalization of motorcycle taxis but the Department of Transportation said the removal of the supply cap still needs further evaluation.
Grab also said it will include more electric vehicles (EV) in its fleet but did not say how many units are now operating currently.
In its website, Grab said it has partnered with Hyundai Motor Group to accelerate its EV adoption in Southeast Asia and is set to pilot EV programs in Singapore, Indonesia, and Vietnam.
