On June 12, FastGo—a ride-hailing application developed by FastGo Co., Ltd.—was officially launched in Vietnam, marking a new heavyweight on the ride-hailing playground.
|FastGo launches ride-hailing app with massive incentive |
The FastGo ride-hailing app is launched after three years of software development. The app is built by NextTech Group after the order of a large-scale taxi firm from Indonesia and Taxi Open99 Group from Vietnam.
FastGo offers advantages for both drivers and customers. Notably, with the exception of a fee to join the app, drivers will not have to pay commission to the operators of FastGo. Instead, driver partners just have to pay a maximum service fee of VND30,000 per day in case they earn more than VND100,000 per day.
Customers will enjoy fares of VND7,900 per kilometre for the FastGo service, lower than either traditional taxi brands or Grab.
Besides, customers will be insured against any incident occurring during the trip, including traffic accidents or personal injuries due to conflicts with the driver. FastGo is the first technology ride-hailing provider to take out an insurance policy for customers.
|Nguyen Huu Tuat, general director of FastGo Vietnam |
Speaking at the launching ceremony, Nguyen Huu Tuat, general director of FastGo Vietnam stated that FastGo will ride the waves of the 4.0 technology revolution and issue the highest-quality ride-hailing service to customers. FastGo believes that with its smart and friendly ride-hailing app and methodical development strategy, it will be able to develop sustainably, create lucrative jobs for drivers, and benefit local customers.
Tuan added that three days after releasing recruitment information, 1,500 drivers registered to partner with FastGo.
|FastGo commits not to increase fares during peak hours and to build the system to receive feedback and comments from customers. |
At first, FastGo will issue three core services, namely Fast Car (the transport service for individual automobiles), Fast Taxi (linking traditional taxi firms), and Fast Luxury (transport service using luxury automobiles). FastGo will launch the service in Hanoi in June, Ho Chi Minh City in July, and Danang in August.
According to the plan, in the first three years, FastGo will partner with 20,000 drivers and be present in large cities across the countries to serve 5 million customers.
“In order to have money to expand FastGo’s operation network, FastGo will call for investors. FastGo expects to collect between $3-50 million within the first three years. At present, there are five investors expressing interest in pouring capital into FastGo,” Tuat stated.