Grab PH pushes presence in motorcycle taxi biz thru Move It

enablePagination: false
maxItemsPerPage: 10
maxPaginationLinks: 10

Metro Manila (CNN Philippines, August 4) – Grab Philippines, the dominant player in the local ride-hailing market, has acquired the operations of Move It, reviving its target to establish a presence in the motorcycle taxi market.

However, the company clarified that Move It will not be branded as Grab and will run its operations independently.

"There's a change in ownership but there's no merger of operations," said Grab Philippines Senior Director for operations and strategy Ronald Roda.

Grab refused to disclose how much was involved in securing Move It's full ownership but said the figure was "way below" the competition watchdog's ₱1-billion threshold for compulsory notification of mergers and acquisitions.

With less than 1,000 partner-drivers, Grab said its expertise could help boost Move It's fleet and recruit at least 6,000 more "within three months."

"Grab Philippines will also work with Move It to further enhance its safety and service quality standards – to be at-par with Grab’s motorcycle taxi services across Southeast Asia," it added.

In September 2021, both parties teamed up to allow Grab users to book Move It's motorcycle taxi service. It was suspended a month after.

The technical working group of the pilot program decided to "permanently terminate" the deal between the two companies in December last year, citing an issue on Grab being "the fourth de facto player, which is not allowed under existing conditions of the pilot study."

Move It, Joyride, and Angkas are the players serving the market.

Grab said that even after the acquisition, Move It will make sure to comply with the guidelines on the motorcycle taxi pilot program.

On possible legal challenges, the company said the deal was concluded after a "thorough due diligence."