Yandex.Taxi Launches Service for Corporate Clients

Yandex (NASDAQ:YNDX), one of the largest internet companies in Europe and the leading search provider in Russia, announces that Yandex.Taxi will begin serving corporate clients. One of the country’s most popular on-demand transportation services will now make it easier for companies to monitor and control corporate travel expenses while organizing and paying for staff transportation.

“With transparent, quick and easy travel information, along with direct billing, we help companies keep track of their transportation expenditures, while taking care of their employees,” said Yandex.Taxi CEO Tigran Khudaverdyan. “Using Yandex.Taxi is cheaper than providing staff with company cars. It’s convenient for the direct users of the service: thanks to the large number of vehicles online and our order distribution technology, it can be as fast and easy to use Yandex.Taxi as driving one’s own car without the hassle of finding a spot for parking.”

After signing a service agreement, a company gets access to their personal Yandex.Taxi account where they can manage passengers’ information, choose monthly expenditure limits and set available tariffs for each passenger. Billing is once a month on a post-paid basis.

Currently, Yandex.Taxi for business is available for corporate clients in Moscow, to be followed by other cities of a million or more residents by the end of the year.

Launched in 2011, Yandex.Taxi works in Moscow, St. Petersburg, Yekaterinburg, Novosibirsk and 11 other Russian cities, as well as the Belarusian capital Minsk. The average waiting time for a Yandex.Taxi car to arrive in Moscow is about four minutes. The service is available as both a mobile app and a web-based desktop version.