INDRIVE AND GOCAB ARE TEAMING UP TO DEMOCRATIZE VEHICLE ACCESS IN MOROCCO AND CHILE

In many emerging markets, demand for ride-hailing and urban mobility services continues to grow rapidly. Yet, for thousands of drivers, one of the main obstacles remains access to a vehicle adapted to their activity.

To address this challenge, inDrive and GoCab are announcing a strategic partnership to facilitate access to vehicles for ride-hailing drivers in Morocco and Chile through flexible leasing and drive-to-own solutions.

A partnership to remove barriers to entry

As part of a MoU, GoCab plans to make available up to 4,000 vehicles for drivers operating on the inDrive platform in both countries.

The proposed model allows drivers to access a vehicle with reduced initial costs, while gradually reimbursing the vehicle through their income generated on the platform. Eventually, they have the opportunity to become full owners of their cars.

This approach aims to address a well-known reality in several emerging countries: many motivated drivers want to work, but do not have the guarantees or resources needed to obtain a conventional car loan.

A concrete response to market needs

The Moroccan and Chilean markets have strong potential due to the growth in demand for mobility and the aging of the taxi and VTC fleets currently in circulation.

The objective of the partnership is therefore twofold:

1. facilitate access to modern vehicles that comply with local regulations;

2. Improve drivers' economic opportunities through more stable and sustainable incomes.

Beyond funding, drivers will also benefit from support covering several operational aspects such as:

• Insurance;

• Maintenance;

• Assistance related to the daily operation of the vehicle.

This approach allows drivers to focus fully on their activity while reducing the constraints related to maintenance and management of the vehicle.

A strong ambition for mobility in emerging markets

Present in more than 1,100 cities in 48 countries, inDrive pursues its strategy to make economic opportunities more accessible to mobility workers.

For its part, GoCab, a fintech specialized in mobility solutions for emerging markets, continues to accelerate its international development after a recent fundraising of 45 million dollars.

Through this collaboration, the two companies aim not only to improve driver recruitment and retention, but also to contribute to more inclusive and sustainable mobility in Morocco and Chile.