99 decided to raise the price of its rides by 5% to lessen the impact of rising fuel costs on its partner drivers. According to the company, this percentage will be enough to cancel out the growth in gasoline expenses of partners using the 99 platform.
The company also decided to lower the fees charged to drivers at certain times of the day to assist them at that time. According to 99, it is expanding its “More Earnings” package, which allows drivers to have 100% of the value on rides at certain times and in specific cities.
According to Thiago Hipólito, senior director of operations at 99, even with the increase in costs, the number of active drivers remains stable at 750 thousand. Demand for use, however, grew.
“The platform registered a sharp increase in demand due to the relaxation of social isolation rules”, he says.
Hipólito also says that new increases are not on the radar, but that the company is testing new ways to pay a subsidy for drivers. Without giving details, Hipólito says that the intention is “to provide more protection to our partner drivers against fluctuations in fuel prices.”
In October, the 99 made a readjustment also with an eye on the increase in fuel prices. The company, however, created a model that increased payments from 10% to 25% for drivers, but not as much for consumers. The company did not detail the model.
Source: CNN Brasil
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