New Business Ethiopia
Thursday June 30, 2022
Ethiopia’s fast growing application based taxi service provider, RIDE, today announced entering the neighboring Djibouti market.
“Good news for the whole RIDE family! RIDE DJIBOUTI. Hybrid Designs has finalized plans to launch operations in Djibouti soon. We would like to thank all of you who have supported and encouraged as to join the international market. stay tuned for more,” the company said on its LinkedIn page.Founded by enterpreneur Samrawit Fikru and provided by Hybrid Designs PLC, RIDE taxi service has been popular in Ethiopia since its establishment a few years ago. RIDE will be the first Ethiopian taxi service provider to operate outside the country.It is estimated that currently over twenty thousand cars are providing taxi services in Addis Ababa with application-based taxi service providers such as RIDE, Zay Ride, and the like.
It is recalled that recently Hybrid Designs PLC has lost its court case against Zay Ride, which is the first company to commence application-based taxi service in Ethiopia.
Hybrid Designs PLC brought a case against Zay Ride indicating that the name RIDE is its registered brand name and shouldn’t be used by Zay Ride. Meanwhile, the court decided that Zay Ride has the right to use the name.