Cu also mentioned that Grab Philippines would be investing $300,000 into a new facility based in Marikina.
“We are investing in safety, training and world-class trainers and infrastructure,” he added.
“We do see that there’s a demand. In the supply side, there are a lot of Grab food drivers, who are interested in doing motor taxis,” Cu said.
Previously Grab operated its GrabBike brand in the Philippines until 2016 when new regulations were introduced.
Currently GrabBike in the biggest bike-hailing platform within Southeast Asia and boasts a quick and reliable way of getting around in traffic-filled cities. During 2019 the platform conducted 2.55 billion bike rides with around 1.49 million drivers in the region.
The country's Land Transportation Franchising and Regulatory Board have allowed Joyride, Move It, and Angkas to be apart of the motorcycle taxi testing program in Cebu, Cagayan de Oro, and Metro Manila.
A cap of 63,000 drivers for each company was set in place and is expected to continue until March.
Recently, Grab asked the LTFRB to increase the 65,000 transportation network car slots after the decline in active drivers.
“Our main goal of urging the LTFRB to maximize the current supply cap is for us to be able to service the ride-hailing passengers more effectively, and to hopefully avoid the December 2019 situation from happening again, where commuters are unable to get a car for hours or worse left stranded during the holidays,” Cu earlier said.
He went on to say that more supply would help to replace drivers and serve the estimated 5.2 million consumers the company believes will use the platform this month.
Cu said his request to maximize the current supply cap aimed to proactively address a looming commuter pain point similar to that experienced in December when there were around three million booking requests served by a scarce supply of 35,000 TNVS drivers.