Manila, Philippines – Grab in the Philippines has announced recently the acquisition of MOVE IT, a local motorcycle taxi firm. Through the acquisition, Grab aims to create at least 6,000 meaningful income opportunities for more driver-partners within 3 months.
Grab Philippines will help MOVE IT further scale its existing motorcycle taxi fleet and improve the efficiency of its platform to help serve more commuters, as well as working with MOVE IT to further enhance its safety and service quality standards – to be at par with Grab’s motorcycle taxi services across Southeast Asia.
MOVE IT will be independently operated using the existing technology and app, and it will continue to comply with the standards set by the DOTr’s Motorcycle Taxi Pilot Program. Francis Juan will continue to lead MOVE IT in his capacity as chairman – leveraging his deep knowledge of the motorcycle taxi industry to better address market gaps and leverage untapped market opportunities.
Juan said, “We appreciate the support and trust that Grab has given us – it’s a testament to MOVE IT’s excellence in recent years. And in this new phase: we will serve more riders who have great difficulty commuting, we will provide more Filipinos with a livelihood, and we will provide our countrymen with a proudly Pinoy motorcycle taxi service that they can be proud of to our Southeast Asian neighbours.”
Meanwhile, Grace Vera Cruz, country head at Grab Philippines, said, “As we turn a new chapter for our country, Grab Philippines will continue to play an active role in bringing forward the spirit of bayanihan and value-creation – and this milestone that we humbly share with MOVE IT clearly expresses that.”
She added, “As one of the first tech platforms that firmly believed in the potential and value of the Philippine market ten years ago, we’re doubling down on our commitment to outserving the needs of the Filipino people, and we are optimistic that through MOVE IT, we will create more livelihood opportunities, spur greater economic activity, and help improve every Filipino’s daily commute.”
