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    2016

    Hailo Merges with MyTaxi

    Hailo Merges with MyTaxi

    Hailo Merges with MyTaxi

    UK based rideshare company Hailo has announced it is to merge with European taxi app mytaxi. The move has been overseen by the German auto multinational Daimler, who acquired mytaxi in 2014. With the merger complete, Daimler will own 60% of Hailo, with a majority share on the company’s board.

    Founded in 2011 by former drivers and tech entrepreneurs, Hailo allows drivers of licensed vehicles to take bookings through a mobile phone app. Hailo also operated a Private Hire service between 2014 and 2015, but stopped this service last year.

    The service is currently available to drivers working in London, Leeds, Liverpool and Manchester, with operations also in Spain and Ireland. The acquisition is expected to effectively be the end of the Hailo name, with all operations in the UK and Ireland being rebranded as mytaxi by 2017.

    That means that drivers working on behalf of Hailo should expect changes in the future. However, with Daimler expected to inject millions into the expanded mytaxi name, it’s likely that the app will expand to other UK regions, providing drivers in other cities with new opportunities.

    It’s also likely that the revamped UK service will renew its services for drivers of private hire vehicles, in order to remain consistent with mytaxi’s European operations.

    mytaxi was founded in 2009 before the boom in rideshare services, with the company calling itself “the world’s first taxi app”. The merger will make mytaxi Europe’s largest taxi e-hailing company, with over 100,000 drivers operating in 50 cities throughout the continent.

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