Taxibeat Ltd.

Taxibeat Ltd. is a mobile application that revolutionizes urban transportation by connecting users with taxi drivers, enhancing the efficiency and reliability of ride-hailing services. Founded in 2011 in Athens, Greece, Taxibeat Ltd. is an innovative company that operates a mobile platform for taxi services.

The company was acquired by Intelligent Apps GmbH in February 2017 for EUR 40. 000 mn. Its founders, Maria Torrealba and Nikos Damilakis, have played pivotal roles in developing its offerings, with Andrew Pinnington serving as the current CEO. Taxibeat offers a mobile application that connects users with taxi drivers, significantly enhancing urban transportation experiences.

Users can select their preferred driver, view a real-time map of the driver's approach, and receive arrival notifications. This service primarily targets city dwellers and visitors in metropolitan areas who require reliable transportation. Taxibeat's platform streamlines the taxi-hailing process, addressing traditional service challenges, and is operational in various international markets, especially major urban centers across Latin America. Taxibeat generates revenue through transaction fees from rides booked via its app.

The company retains a percentage of the fare as commission when users request a ride, facilitating direct B2C interactions and potential B2B partnerships. Revenue is supplemented by promotional partnerships with local businesses, ensuring competitive pricing for riders and fair driver compensation, reflecting market rates in its fare calculations. Following its acquisition in February 2017, Taxibeat plans to utilize the recent EUR 40. 000 mn funding to enhance its technology infrastructure and expand into additional international markets.

The company is focusing on the upcoming launch of new features aimed at improving user experience, with specific plans to enter new urban centers in Latin America by the end of 2018. This strategic expansion is part of their broader initiative to strengthen their market presence and enhance service offerings.