Southeast Asian ride hailing platform Grab has launched commercial car-pooling system GrabShare in Malaysia and Philippines, which the company claims would be cheaper by at least 30 per cent for passengers and also reduce traffic congestion.
GrabShare pairs just two different passenger bookings with similar trip routes within a single trip. Hence, passengers will only experience a maximum of two stops before reaching their destinations, Grab said in an announcement to launch the system on Thursday.
Conceptualised, designed and engineered across Grab’s three research and development centers in Singapore, Seattle and Beijing, GrabShare’s matching algorithm ensures passengers get to their destinations in the shortest possible time.
First launched in Singapore in December 2016, Grab completed two million GrabShare rides, for a total distance of about 20 million km. Along with the rapid passenger adoption of GrabShare, Grab has seen an improvement in passenger matching rate by 15 per cent.
“We are confident GrabShare will enable us to meet Malaysia’s growing passenger demand for ride-hailing especially to cater to first-and-last mile while helping our drivers earn more,” said Sean Goh, Grab Malaysia’s Country Head.
Malaysia has the third highest car ownership globally with 93 per cent of Malaysian households owning at least one car and more than half owning multiple cars, according to a 2014 Nielsen survey.
“We see GrabShare as an opportunity to deliver a viable and hyper-local carpooling solution by using our expertise and technology in ride-hailing for Malaysia and Southeast Asia,” Goh said.