Ride-hailing app kicks off services in two cities near HCMC on October 22.
FastGo Vietnam officially began offering services in southern Dong Nai and Binh Duong provinces on October 22, to serve customers travelling between Bien Hoa and Binh Duong cities and Ho Chi Minh City.
FastGo is a Vietnamese ride-hailing service launched June and already operating in Hanoi, Ho Chi Minh City, and Da Nang with 30,000 drivers. The app raised funding from VinaCapital on August 30 and is continuing raise funds of up to $50 million. It also expects to invest in Indonesia and Myanmar.
With a different business model, FastGo only charges drivers VND30,000 ($1.30) when they earn more than VND400,000 ($17). Its prices also do not increase during rush hours, while it has a “tip” feature to help customers reward drivers.
FastGo also offers FastProtection insurance for travel, with benefits up to VND200 million ($8,570) per person in case of an accident. The app allows customers to pay with Visa, MasterCard or JCB cards.
Mr. Nguyen Huu Tuat, General Director of FastGo Vietnam, said that Bien Hoa and Binh Duong are adjacent to Ho Chi Minh City and traffic volumes are high. It has about 1,000 vehicles operating in the two cities.
FastGo plans to launch in Ha Long city and Nha Trang in early November. On-demand Food Delivery and On-Demand service are also set to open in late 2018.
FastGo currently provides three core services: Fast Car – a service for individual drivers wishing to increase their income, Fast Taxi – a service linked to taxi companies, and Fast Luxury – offering trips in luxury vehicles.
Van Hai report on Vneconomictimes
