Chinese tech giant is set to to invest $600 million in the country and will launch wide-ranging operations in Karachi, including delivery and ride-hailing cab services.
According to the details, after Islamabad Chinese firm Timesaco is now set to expand its Tatu Mobility operations to Karachi, with initial plans to launch two services this month, thereby adding to several existing ride-hailing services being operated by some half a dozen technology companies across the city.
Donald Li, the founder and the CEO of the company said “Tatu Mobility is going to start its operation in other cities as well. Tatu Mobility will start online cab service and digitisation of current transportation network in Pakistan. We are set to launch our service in Karachi this month.”
Mr Li further said the company plans to launch its online cab service and system for digitizing the existing transport network, following which it plans to also introduce its commute and delivery service later this year.
“Tatu Mobility offers 97 per cent share of earning to its drivers or captains of online cab service,” said Mr Li. “Other companies are offering 70pc to 75pc. We are facing competition but our focus is not just on the profit side; Tatu Mobility wants to restructure and digitise the current transport system. In its initial phase, Tatu Mobility intends to invest $600 million in Pakistan and gradually investment will be increased based on the market.”
Earlier, Governor Imran Ismail said that Green Line Bus Project transport project will be completed soon.
The Governor further said that buses for the project would be specially made to cater to the needs of the everyday commuters especially for the special persons using wheel chairs.