Europe's ride-sharing unicorns call for reform to help the sector thrive [CNBC]
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Source: CNBC
Europe's ride-sharing unicorns call for reform to help the sector thrive Martin Villig, co-founder of ride-hailing firm Bolt, which was formerly known as Taxify. PARIS — Ride-sharing giants in Europe have urged reforms for the transport industry, in the hope that it will help them expand further within the continent and face less barriers to innovation. Co-founders from two of the region's largest mobility firms, BlaBlaCar and Bolt — formerly Taxify — said the lack of a common framework on carpooling and ride-hailing makes it more difficult to operate across the European Union The main issue is that the EU, though a collective bloc of 28 — or soon to be 27 — nations, does not have a unified "definition" of what it means to be a ride-sharing start-up, and therefore this creates a fragmentation among the different member states. "I think it would help even in our industry if there would be some kind of harmonization of the transport regulations," Bolt co-founder Martin Villig told CNBC
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