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World Moto chief sees big market for motorcycle meters

World Moto (OTCMKTSL:FARE) recently inked a new distribution deal to spread its Moto-Meter product throughout Kenya, and chief executive Paul Giles speaks to Proactive on this, and other progress the firm is making in new countries.

Giles says the market in Kenya for the firm, which provides meters for motorcycle taxis, could be around £70mln and this could rise with the introduction of other products.

World Moto also has a taxi-hailing app, and Giles adds that “a long time ago the taxi industry was boring, but now the [new wave of] taxi apps have made them exciting.”

 
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