Uber’s Biggest Competitor Hailo Raises $30 Million For Eastern Expansion

Hailo, Uber, European startup, ride hailing, startup newsWe’ve been covering Uber’s biggest competitor Hailo since last March. The European startup aggressively expanded throughout Europe in major cities like Dublin and London before coming over the the U.S. Now, according to report from TechCrunch and AllthingsD they’re ready to expand eastward to Asia.

They just announced a $30 million dollar raise led by Union Square Ventures, Japanese telco KDDI, Richard Branson and others. The company is expected to use these funds to expand to Asia. Back in March they announced a $17 million dollar raise with funds used from that round to expand into the U.S.

Hailo reportedly has 10,000 drivers using their service across the globe and have had over a million passengers since launch. Hailo is operating in Dublin, London, Chicago, Toronto, Boston and Chicago. They plan to add New York, Madrid, Barcelona and Tokyo in the immediate future.

Like Uber, Hailo allows customers to use a mobile app to hail a ride. Hailo works with Taxi cabs which can be a lot cheaper than the black sedan service that Uber users are accustomed to hailing. However, Uber has gotten into the taxi game, testing a taxi hailing platform in Washington DC during the inauguration. Also, regulators in California along with other states, seem to be backing off regulations when it comes to hailing and ride sharing apps, which should help smooth things along for Uber, and of course Hailo.

The space is getting crowded with startups from Flywheel, to Taxi Magic and even Atlanta startup CanCents, which we interviewed earlier today.

You can see ride sharing startup RidePost and more great startups from “everywhere else” at everywhereelse.co the Startup Conference next week.



You Might Also Like