The car service competition for business clientele in France is heating up after SnapCar, one of Uber's rivals, secured a $2.5 million investment, TechCrunch reported.
SnapCar has more than 200 corporate clients, and the service is now is backed by investors like Charles Petruccelli, former global CEO of American Express. The B2B focus for them company seems to targeteting more corporate clients. SnapCar also offers the same services like Chauffeur-Privé, LeCab and Uber, but has found its client niche.
"SnapCar is not only competing with these startups, but is also fighting against traditional taxi companies. It is now targeting the corporate clients that currently subscribe to expensive taxi plans," TechCrunch reported. "SnapCar provides a cheaper, more comfortable and more efficient experience."
New funding, however, can help SnapCar get more drivers, improve customer service and cut into the corporate business of its competitors. The secret to success in the taxi and car service industry is simple: Generate the most rides. Ans that's what this new investment may do for SnapCard.