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The business model of ride-share mobility firms such as Ola and Uber will keep them away from making money, says Greg Moran, the chief executive officer (CEO) and co-founder of Zoomcar, the country’s biggest self-drive mobility service provider.
According to Moran, these companies need to revisit their strategy. “None of the mobility companies - Uber, Lyft, Didi, Grab or Ola — is profitable though they operate on a much larger scale (than Zoomcar). Their business model is fundamentally flawed,” he said, adding that his firm had managed to earn a profit in the third quarter of FY18.
Moran, who raised
According to Moran, these companies need to revisit their strategy. “None of the mobility companies - Uber, Lyft, Didi, Grab or Ola — is profitable though they operate on a much larger scale (than Zoomcar). Their business model is fundamentally flawed,” he said, adding that his firm had managed to earn a profit in the third quarter of FY18.
Moran, who raised
