Didi Chuxing invests in Taxify to reach Europe and Africa

Didi Chuxing announced a strategic partnership with Taxify as a rideshare leader in Europe and Africa to support cross-regional transport business innovation. Beijing based online transport platform company, Didi Chuxing, has taken an important step as a global player in strategic partnership with Taxify in Europe and Africa.

Tinuku Didi Chuxing invests in Taxify to reach Europe and Africa

The online transportation company founded in July 2012, Didi Chuxing, said it would invest and collaborate with Taxify. Under this partnership they will support further growth and innovation in an increasingly diversified market.

Didi Chuxing will develop AI technology in offering a wide range of mobility services, including Taxi, Premier, Express, Luxe, Hitch, and more to more than 400 million users in over 400 cities.

The company founded by Chéng Wéi will also create more than 17 million flexible employment and income opportunities for the drivers. Didi said it would leverage AI's ability to help cities develop sustainable and integrated intelligent transportation solutions.

"I believe this partnership will contribute to cross-regional smart transportation linkages between Asian, European and African markets. Taxify provides innovative, high-quality mobility services across many diverse markets," Wéi said.

"We share a strong commitment to harnessing the power of mobile technology to satisfying rapidly evolving consumer demands and revitalizing traditional transportation industry," Wéi said.

Taxify was first launched in Estonia in 2013 as the fastest growing company in Europe and Africa. Their platform offers private car and taxi services to over 2.5 million users in 18 countries including Hungary, Romania, the Baltics, South Africa, Nigeria and Kenya.

"Taxify will utilize this partnership to solidify our position in core markets in Europe and Africa. We believe DiDi is the best partner to help us become the most popular and efficient transport option in Europe and Africa," said Markus Villig, Founder and CEO of Taxify.