{"id":604504,"date":"2018-12-05T04:23:00","date_gmt":"2018-12-05T04:23:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/uber-pilots-bus-service-in-cairo\/"},"modified":"2018-12-05T04:23:00","modified_gmt":"2018-12-05T04:23:00","slug":"uber-pilots-bus-service-in-cairo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/uber-pilots-bus-service-in-cairo\/","title":{"rendered":"Uber pilots bus service in Cairo"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>Uber pilots bus service in Cairo: <\/b>Uber CEO Dara Khosrowshahi was in Cairo yesterday to launch Uber Bus, the ride-hailing company\u2019s mass transit service. Cairo is the first city to pilot the service globally.<\/p>\n<p><b>How does it work?<\/b> The service is essentially an upscaled, tech-enabled version of a microbus route (though the bus we saw was certainly more decked out). Cairo residents hail a bus ride through the standard app, which will find other passengers traveling in the same direction. \u201cThe initial rollout will start by covering the areas of Nasr City, Heliopolis, Greater Downtown, and Mohandeseen, and will expand across Cairo in upcoming months,\u201d <a href=\"https:\/\/ent.news\/2018\/12\/982.pdf\">the company said (pdf)<\/a>. The story has also made it to the <a href=\"https:\/\/www.ft.com\/content\/5fea9348-f748-11e8-8b7c-6fa24bd5409c?kbc=04ce7599-8599-3761-9666-436caea99cf9\">Financial Times<\/a><\/p>\n<p><b>Stiff competition in the Egyptian mass transit apps space: <\/b>The move comes just one day after <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/04\/careem-bus-launches-in-cairo\/\">Careem announced<\/a> that it was piloting its new bus service in Downtown Cairo, Maadi, 6 October and the Fifth Settlement. The services are similarly priced, with Uber Bus fares being around 70% cheaper than a regular Uber ride, while Careem\u2019s are fixed at 60-70% less than a regular hop with Careem. With the launch of their respective services, the MENA ride-hailing rivals are stepping onto the turf of local startup Swvl, which previously broke the Egypt record for a series \u2018A\u2019 investment round and whose CEO said the company was valued at USD 100 mn thanks to a successful series \u2018B\u2019 last month.<\/p>\n<p><b>Have the ride-hailing giants been competing for a bite of Swvl?<\/b> Uber representatives with whom we spoke said they were unaware of market chatter suggesting that the company had acquired or was in talks to acquire a stake in Swvl, possible the stake that Careem is believed to have sold before launching its rival service. Careem had earlier invested USD 500k in Swvl, which did not respond to requests for comment.<\/p>\n<p><b>Keep an eye on the microbus drivers of Cairo.<\/b> Taxi drivers haven\u2019t taken Uber and Careem sitting down. Their colleagues plying the city\u2019s microbus routes are typically less, uh, inhibited about expressing their displeasure.<\/p>\n<p><b>Uber Lite to be rolled out in Egypt in the coming few months: <\/b>Under the mantra of expanding the accessibility of Uber\u2019s service, the company has developed a smaller-sized version of its regular app that could work with poor signal quality. The 5 MB version will launch in the coming few months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uber pilots bus service in Cairo: Uber CEO Dara Khosrowshahi was in Cairo yesterday to launch Uber Bus, the ride-hailing company\u2019s mass transit service. Cairo is the first city to pilot the service globally. How does it work? The service is essentially an upscaled, tech-enabled version of a microbus route (though the bus we saw [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":604505,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[11509,72,125,328,2380,441],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-dara-khosrowshahi","tag-enterpriseam","tag-investment-watch","tag-ride-hailing","tag-speed-round","tag-uber","wpautop","entry"],"acf":{"mongo_id":"dd06c7b6-1a38-4d56-9bdd-920fed2b3cd1","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/12\/2826.jpg","photo_position":"above","related_issue":[604497],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Uber pilots bus service in Cairo - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/uber-pilots-bus-service-in-cairo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uber pilots bus service in Cairo\" \/>\n<meta property=\"og:description\" content=\"Uber pilots bus service in Cairo: Uber CEO Dara Khosrowshahi was in Cairo yesterday to launch Uber Bus, the ride-hailing company\u2019s mass transit service. 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The service, which is already operational, runs between Cairo and Alexandria as a first phase and will be expanded to other governorates in the coming months. The service is accessible through the regular\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604506,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/our-sitdown-with-dara-khosrowshahi\/","url_meta":{"origin":604504,"position":1},"title":"Our sitdown with Dara Khosrowshahi","author":"enterpriseam admin","date":"5 December 2018","format":false,"excerpt":"Our sitdown with Dara Khosrowshahi: We had the opportunity to speak with the Uber CEO on his first visit to Cairo since taking over the company. The discussion ranged from the launch of Uber Bus to the company\u2019s love of Egypt as an investment destination, how Egypt fits into its\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/12\/1545.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622068,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/what-were-tracking-this-week-and-beyond-60\/","url_meta":{"origin":604504,"position":2},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"26 November 2018","format":false,"excerpt":"Uber CEO Dara Khosrowshahi will be in Cairo on Tuesday, 4 December for \u201can important announcement,\u201d according to an emailed statement. This will be Khosrowshahi\u2019s (bio) first visit to Egypt as Uber CEO. The announcement will be made along with Investment Minister Sahar Nasr. AUC\u2019s Business Forward Anniversary event takes\u2026","rel":"","context":"In &quot;Up Next&quot;","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601250,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/24\/ride-hailing-apps-get-the-green-light-from-top-administrative-court\/","url_meta":{"origin":604504,"position":3},"title":"Ride-hailing apps get the green light from top administrative court","author":"enterpriseam admin","date":"24 February 2019","format":false,"excerpt":"Top court strikes down challenge to legality of Uber, Careem: The Supreme Administrative Court overturned a ban on ride-hailing apps, allowing them to operate freely in Egypt, Reuters reported. The court accepted an appeal filed by Uber and Careem against a lower court ruling last March that saw the services\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2277.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635894,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/uber-careem-increase-investment-in-egypt\/","url_meta":{"origin":604504,"position":4},"title":"Uber, Careem increase investment in Egypt","author":"enterpriseam admin","date":"17 December 2017","format":false,"excerpt":"Uber, Careem, and other ride-hailing apps are increasing their investment in Egypt and providing innovative solutions to beat Cairo\u2019s traffic, Tamim Elyan writes for Bloomberg. Both Uber and Careem are also increasing investments in Egypt. 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