🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Uber eyes aggressive expansion in Germany despite bans

Published 27/08/2014, 10:19
© Reuters Transportation app Uber is seen on the iPhone of limousine driver Shuki Zanna in Beverly Hills

FRANKFURT (Reuters) - U.S. car service Uber is planning an aggressive expansion in Germany despite a backlash from cities like Berlin and Hamburg, which have questioned its right to operate in highly regulated markets dominated by traditional taxis.

The San Francisco-based company, which allows users to summon rides on their smartphones, announced late on Tuesday that it was experiencing "huge demand" for its services in German cities where it is not currently operating.

It plans to move into Cologne and Stuttgart later this year, and is also eyeing Nuremberg, Bonn, Essen, Dortmund and Potsdam. From now until the end of the year, it expects to double the number of subscribed users in Germany, after growing fivefold so far in 2014, the company said.

Currently, Uber is operating in Berlin, Hamburg, Munich, Frankfurt and Duesseldorf. But it has run into trouble in the German capital and northern port city of Hamburg, which have banned the service over concerns that drivers lack licenses to carry passengers and do not have full insurance coverage.

Uber appealed the rulings and has carried on operating in the two cities pending a final verdict. Other German cities are also considering a ban, according to media reports.

Founded in 2009 and valued at $18.2 billion based on its latest funding round in June, Uber Technologies Inc describes itself as a marketplace that puts people in contact with each other, not a transportation service.

Drivers have to be over a certain age, have a valid driving license, and undergo background checks before they can pick up passengers.

Uber has faced regulatory obstacles in a number of European cities as well as legal challenges from taxi companies hoping to keep new competition out. Taxi drivers across Europe caused chaos in June by protesting against the service.

© Reuters. Transportation app Uber is seen on the iPhone of limousine driver Shuki Zanna in Beverly Hills

Uber was banned by a Paris court earlier this month and told to change its invoicing system.

(Reporting by Ludwig Burger; Editing by Noah Barkin)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.