Increasing the number of cities, profitability of the service, freight cab and relocation service. Citimobile’s new owners talk about its bright future

Last Friday it became known that the management company People & People would acquire the assets of Citimobile, and now the new owners of the business have talked about what lies ahead for the service. The outlook is bright.

The general director of People & People Igor Rudzii said that the company intends to continue investing in business development, increase the number of cities of presence, open new projects and make the cab service profitable. The amount of investment is not specified, as for new services, it will be a freight cab, moving and delivery service. The company also plans to introduce truck fares. The long-term goal is to increase capitalization and enter the public market (IPO). At the same time Gruzovichkof and Taxovichkof services operated by People & People are already issuers on the Moscow Stock Exchange.

People & People will continue to provide cab services under the Citimobile brand because it evaluates it as “strong and loved by many.” Rudzija said the company has developed “a plan to make Citimobile a highly profitable business while maintaining good revenue for drivers and decent service for customers.” “We want drivers to make good money when they get on the line and not depend on one service. We are against unaffordable commissions from the aggregator, so we will not increase the current service percentage, and in some regions we will even revise it in favor of drivers,” he said.

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