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Grab tried to disrupt taxis. It now wants to save them
And Singapore authorities hope the ride-hailing giant’s new venture will reinvigorate the industry.
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After years of operating as an asset-light platform, Grab is now investing in a company-owned taxi fleet, embracing a traditional model it once sought to disrupt.
ST PHOTO: JASON QUAH
Li Jianggan
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Foiled once in its attempt to enter the taxi space two years ago, Grab has now succeeded with GrabCab, its new cab service in Singapore. The move follows the ride-hailing platform receiving a Street-Hail Service Operator Licence
It marks a strategic turn for Grab. After years of operating as an asset-light platform, Grab is now investing in a company-owned taxi fleet, embracing a traditional model it once sought to disrupt.
