Grab Philippines senior director for operations and strategy Ronald Roda emphasized that there is only a change in ownership, but no merger of operations. Move It will also have its own separate mobile app. Read more:
MANILA, Philippines – Grab Philippines has acquired Move It for an undisclosed amount, marking the company’s return to the motorcycle taxi hailing business.
Grab did not disclose the amount of the deal but noted that it falls below the P1-billion threshold for compulsory notification to the Philippine Competition Commission. Roda said Grab’s acquisition will help Move It increase its current motorcycle taxi fleet of less than 1,000 to at least 6,000. It added that the partnership made it appear as if Grab was a “de facto member” of the pilot study on motorcycle ride-hailing services.“Grab’s entry is a circumvention of the processes and guidelines that had been laid down at the start of the study,” the TWG said in 2021.
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