Business News | Rapido Gets 5-year Licence for Cab Services in Karnataka, Valid Till August 2031
Get latest articles and stories on Business at LatestLY. Rapido has received a five-year licence from the Karnataka State Transport Authority for its cab services in the state, valid until August 2031, giving the mobility platform a longer-term regulatory framework for its operations in its home market.
Bengaluru (Karnataka) [India], August 13 (ANI): Rapido has received a five-year licence from the Karnataka State Transport Authority for its cab services in the state, valid until August 2031, giving the mobility platform a longer-term regulatory framework for its operations in its home market.
Roppen Transportation Services Private Limited, which operates Rapido, said the licence has been issued under the Karnataka On-Demand Transportation Technology Aggregators Rules, 2016.
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The company said the licence will provide greater continuity to its captains and commuters while allowing it to expand its cab services within the state's regulatory framework.
Rapido currently operates across 21 cities in Karnataka, supporting more than 3.14 lakh captains and over 2.04 crore registered customers, according to the company. More than 69 lakh customers in the state have taken cab rides through the platform.
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The company said the licence will strengthen its ability to support Karnataka's urban transport ecosystem, with a focus on safe, reliable and technology-enabled mobility.
Rapido said it has also been made part of the Urban Mobility Mission announced by the Karnataka government, through which it will work with the state on priorities including commuter access, urban travel, technology integration, safety and service reliability.
Pavan Guntupalli, Co-founder, Rapido, said the licence would allow the company to strengthen its cab offering while continuing to work with the Karnataka government and Transport Department.
"Karnataka is our home state and one of our most important markets," Guntupalli said, adding that the company aims to operate in full compliance with the state framework.
He said clear and predictable regulation benefits commuters, captains, platforms and the government, while Rapido's priority would remain safety, service reliability and earning opportunities for captains.
Rapido said its presence spans major and emerging mobility centres including Bengaluru, Mysuru, Mangaluru, Hubballi-Dharwad, Belagavi, Davangere, Shivamogga, Ballari, Kalaburagi and Tumakuru. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)