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Uber completes 2 billion global rides in 6 years; 5.5M rides daily

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Online cab aggregator Uber claims that it has completed 2 billion rides globally in 6 years since its inception. It states that on an average, it provided 5.5 million rides daily. Note that these rides are across Uber’s services like Go, X, POOL etc, and Uber does not provide a breakdown of the same.

In order to complete 2 billion rides, Uber assigned 147 drivers from 16 countries at a particular time last month and provided them $450 to mark its presence in 450 cities globally. Uber founder and CEO Travis Kalanick posted a time lapse video of its rides and expansion to Facebook.

Uber completed:
– 1 million rides in May 2012
– over 10 million by May 2013
– over 57 million by May 2014
– over 350 million by May 2015
– 1 billion by December 2015 and
– 2 billion by June 2016

Interestingly, in January, when Uber claimed that it had completed 1 billion rides, its Chinese competitor Didi Chuxing claimed that it had completed 1.4 billion rides in 1 year.

Registered vehicles and trips on Indian competitors as of August 2015:
– In August last year, Ola claimed that it had 80% of the online cab aggregator market share by registered vehicles (autorickshaws and TaxiForSure included), reportedly up from 60% from November 2014.
– Meru told Medianama that it had 20,000 registered vehicles on its platform across 7 cities,
– At the time, Uber said that the total number of registered cars/drivers on its platform was 150,000.

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By these figures, Ola, Uber and Meru put together have an estimated 370,000 registered vehicles on their platform. Of these Ola claims to have 200,000 (54.05%), Uber 150,000 (40.54%) and Meru 20,000 (5.4%).

UberPOOL global stats:
Last month, Uber said that in Delhi and Bangalore, UberPOOL accounted for 25% of all its trips and that it was doing 50,000 trips weekly in both these cities. Globally, Uber said that 100,000 users used UberPOOL weekly in 11 cities including New York, Los Angeles, Beijing, Chengdu and Shanghai. In China, 30 million users use UberPOOL monthly (7.5 million weekly).

Uber’s funding: In June, Uber raised $3.5 billion from the Saudi Arabian Public Investment Fund. An Uber spokesperson told MediaNama that the investment was part of the global fund and would be utilised in strategic markets like India. In August last year, Uber had raised around $1 billion from Microsoft and The Times Group’s parent company Bennett, Coleman and Company Limited (BCCL).

Also read:
Uber wants users to pay upfront fare in some parts of US and India
SoftBank results: How Ola fared in Q4 2015-16
Lyft users can now get a cab in China & Southeast Asia; India plans?

Our online cab aggregator coverage.

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Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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