Nekso

Nekso is a technology-driven mobile taxi application that connects passengers with professional taxi drivers, offering a seamless and secure transportation service. Nekso operates a mobile platform that provides access to taxi services, facilitating ride requests with local drivers. Founded in 2016 in Toronto, Canada, the company was established by Azam Mohabbatian and Vito Akbari, who previously had experience in the tech industry. Nekso has secured a total of USD 25.

00 mn in funding through 6 deals, with the most recent one being a Series A round led by Extreme Venture Partners on September 14, 2017. The current company valuation stands at USD 65. 00 mn. Nekso operates a mobile taxi application designed to connect passengers with professionally trained taxi drivers, ensuring a seamless and secure transportation experience.

The core service enables users to request rides from recognized taxi lines in various cities, utilizing local drivers who possess extensive knowledge of the area. The application allows passengers to select their preferred driver and taxi line, fostering a sense of control over their travel choices. Additionally, Nekso provides an executive service, known as Nekso Royal, catering to clients seeking high-quality transport with enhanced vehicles and trained drivers. The company’s services are available in multiple Latin American markets, including Argentina, Colombia, Mexico, and the Dominican Republic, thus broadening its customer base to include individual passengers, corporate clients, and taxi drivers in these regions.

Nekso generates revenue through its mobile application by facilitating transactions between passengers and taxi drivers. Customers use the app to book rides, with payments processed directly within the platform, allowing for cashless transactions via credit or debit cards. The revenue model includes service fees charged to drivers for each completed ride, while passengers benefit from a user-friendly interface that simplifies payment. The company also incentivizes user engagement through a rewards program, encouraging repeat usage and customer loyalty.

By fostering partnerships with recognized taxi lines, Nekso enhances its service offerings and revenue potential, solidifying its presence in the competitive ride-hailing market within Latin America. Nekso plans to leverage its recent Series A funding of USD 25. 00 mn raised on September 14, 2017, to enhance its technological capabilities and expand its service offerings. The company is currently focused on launching new features to improve user experience by early 2024.

Additionally, Nekso intends to explore expansion into new Latin American markets, aiming to establish operations in Brazil and Chile by the end of 2024.