Internet, February 21, 2018. Yandex (NASDAQ:YNDX) has rolled out its car sharing service, Yandex.Drive, offering on-demand access to a fleet of 750 vehicles through a mobile app. Currently, users can drive a Kia Rio, a Kia Rio X-Line or a Renault Kaptur from the Yandex.Drive fleet in Moscow and the surrounding region for as low as five roubles ($0.09) per minute.
Yandex.Drive users can access the app to locate and reserve a vehicle, follow directions to the car, and remotely start the reserved vehicle while walking to it. Every Yandex.Drive car comes fully loaded with our voice-activated in-car infotainment system, Yandex.Auto, which integrates Yandex’s best-in-class mapping, navigation, and music streaming services for enhanced safety and functionality.
Yandex.Drive rides are billed on a per minute basis and Yandex integrates traffic conditions and customer demand to provide dynamic pricing at the time of reservation. The price includes fuel, parking, and liability and life insurance. In the near future, Yandex will begin piloting an upfront pricing feature where the price is fixed for the entire journey based on the distance to destination, traffic conditions and demand.
“Yandex has long been committed to developing transportation services and other products for urban communities. Today over 55 million people each month drive with the help of Yandex.Navigator, choose public transportation services with Yandex.Transport, and locate points of interest using Yandex.Maps,” says Roman Chernin, head of Geolocation Services at Yandex. “We are excited to now offer car sharing, which has become an integral part of city infrastructure. We believe our transportation technology and our expertise will facilitate the development of car sharing in Russia. In particular, we believe integrating upfront fixed pricing is an important advancement for the affordability and dependability of car sharing.”
“Our goal is to make car sharing as easy and as accessible as possible,” says Anton Ryazanov, head of Yandex.Drive. “To that end, we have developed a simple and user-friendly app with an easy registration procedure and affordable rates.”
Drivers over 21 years of age who have held a valid license for a period of two years or more can start using Yandex.Drive by downloading our Yandex.Drive app for iOS or Android.