Ride tech is one of the few sectors where street traffic is as valuable as web traffic. Jakarta has the worst traffic conditions in the world. For the most part, this is an outbreak that should be avoided. But for some selected companies, this is a good chance for picking.
At the end of May, Southeast Asia’s GrabTaxi comic unicorn opened GrabBike motorcycle service in Jakarta. GrabTaxi has US $ 340 million to play and its launch makes waves. In recognition of co-founder and CEO Anthony Tan, local commuters can enjoy the free ride for almost two weeks. GrabBike recorded 8,000 free rides during its first week in Jakarta.
However, since Indonesia’s transport market is one of the greatest opportunities in Southeast Asia, GrabBike will not be able to easily fight for sights without facing resistance. In the case in Jakarta, the resistance came in the form of local contender Go-Jek, “Uber for motorcycles” belonging to the island nations. Go-Jek has been operating in the local market since 2011, and Jakarta residents can not leave their apartments without spotting. Go-Jek’s green jacket is sliding through the traffic.
But in the early stages, it’s still anyone’s game. Both Go-Jek and GrabBike do not have an Indonesian market sewn in any way. A boxing match is set up between the two companies, so in no particular order of importance, here are some comparative points on how the two competitors are formed.