The Passenger Transportation Board (PTB) has approved Kabu Ride Inc. to operate in the Tournament Capital.
According to the PTB's decision, released today (Feb. 7), Kabu seeks to be on the road immediately in the Lower Mainland, Victoria and Nanaimo.
It wants to expand operations to Kelowna within the first year of launch.
"Kabu anticipates a fleet size of 40 vehicles to service the Central Okanagan (Kelowna) and Thompson-Nicola (Kamloops) areas by the end of 2020, with the hope of increasing the fleet to match demand," states PTB documents.
The company is also looking at starting up in the northern-central part of the province.
Kabu is a subsidiary of GoKabu Group Holdings Inc., which was founded in 2016 and headquartered in Richmond.
The company has been in the ride-hailing business for a few years. Through the Kabu app and the social media platform WeChat, it provided rides in the Lower Mainland from 2016 to September 2019. During that period, drivers gave more than 1.3 million rides to more than 70,000 customers.
To read the PTB's full decision, click HERE.
KamloopsMatters has reached out to Kabu and is waiting to hear back.
