TADA Ride Service Now in Phnom Penh

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CEOCambodiaNews
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TADA Ride Service Now in Phnom Penh

Post by CEOCambodiaNews »

The Singaporean ride-hailing app challenging the industry’s big boys
Raksmey Hong | Publication date 30 January 2019 | 11:59 ICT
Cambodia is set to become the second destination for Singapore’s up and coming ride-hailing service aiming to unseat the region’s main contenders Pass App and Grab through its cheaper fares and novel business model.

Tada – which in Korean means ‘to ride’ – is the first ride-hailing service to take zero-commission from its drivers, and has already attracted more than 200 drivers in the Kingdom since it went live in mid-January this year.

It was first launched in Singapore in July last year, where it has more than 27,000 drivers and 200,000 users registered. Following its successful roll-out in Singapore and Cambodia, Tada will also be launched in Vietnam and Malaysia in the coming months.

Founder and CEO Kay Woo said that central to Tada’s business philosophy is creating deep and meaningful relationships with its driver-partners, adding that he wants his drivers to feel less stress about their income and paying commission.

“We are now open to all drivers in Phnom Penh. We are committed to bring an improvement to drivers’ earnings in Cambodia through Tada’s zero commission platform.

“Drivers no longer have to worry about paying high commission to the platform company. We want drivers to enjoy driving without stress and be able to offer a good service to riders. The Tada team will actively listen to the needs of both the drivers and riders and improve the situation together with our community,” says Woo.

Also setting it apart from its competitors is Tada’s incentive-based blockchain mobility ecosystem, powered by its parent company Mass Vehicle Ledger (MVL). The technology brings together key mobility data such as transactions, movement, accidents and the maintenance of vehicles into a single MVL ecosystem.

The app’s marketing manager Shanel Tan said the lack of driver commission would drive down prices for customers.

“We do not earn directly from the drivers and our drivers no longer have to worry about paying high commission to the platform company. We want drivers to enjoy driving without stress and offer good services to riders,” he said. “And as we do not charge commission, there is room for lower fare prices for riders as well.”
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Re: TADA Ride Service Now in Phnom Penh

Post by CEOCambodiaNews »

MVL raises US$15m Series B funds to build electric vehicles in Cambodia
Fri, Apr 09, 2021 - 8:04 PM
Sharanya Pillai
2 -min read

MVLLABS, the company behind South-east Asian ride-hailing service TADA, has raised US$15 million in Series B funding to build an electric vehicle (EV) model for launch in Cambodia.

The round was led by existing investor Central, an automotive parts manufacturer in South Korea, and joined by Singapore-based early-stage venture firm Trive.

The EV, called the ONiON T1, was developed in collaboration with Central. The vehicle will be launched through MVL's subsidiary, MVL Energy. It will be added to TADA's fleet in Phnom Penh, Cambodia, where the firm offers both ride-hailing and delivery services.

The ONiON EV will lower energy costs for traditional three-wheel vehicles, or tuk-tuks, to just US$60 a month, MVL said. It also plans to install ONiON mega battery swapping stations across Phnom Penh.

The ONiON T1 will be assembled in Cambodia's Kandal province, located in Special Economic Zone Sovannaphum. MVL said that this venture expected to generate 380 new job opportunities. It is currently taking pre-orders for the EV, with the first production units expected to be available by the end-2021.
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