Econet founder and chairman Strive Masiyiwa, has said that the Vaya service now has over 20,000 vehicles. He mentioned the milestone on his Facebook page as he explained the business model. He said the business model is like franchising and that it has similarities to the EcoCash agent business.
What Uber (and now we) realized was that you can partner with owners of vehicles, who will use their own assets (in this case, cars) to provide the service.
Uber has almost 4m cars on its platform. The cost of so many cars would be over $60bn if Uber had to buy them! This would obviously been totally prohibitive for any #StartUp.
Vaya now has 20,000 vehicles (after 6 months). That would have cost us over $300m just to purchase vehicles… This would have been totally prohibitive for us, too!
Vaya is a service that enables individuals to offer their cars to ferry people, goods and other things for payment using an App. Using the brand, Econet mobilised vehicles country-wide for the Cyclone Idai relief response.