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WarpSpeed Taxi Inc. (OTCMKTS:WPRT) Releases Updates about its Upcoming WarpSpeed Taxi App

Shares of WarpSpeed Taxi Inc. (OTCMKTS:WPRT) have been trading within a narrow range over the past week.

Market Stats

On Tuesday, WRPT stock gained 2.14% to $1.43 with more than 3.7k shares, compared to its average volume of 2.7K shares. The stock moved within a range of $1.4000 – 1.4300 after opening trading at $1.40.

WarpSpeed Taxi Updates Shareholders on Company Progress

WarpSpeed Taxi Inc. (OTCMKTS:WPRT) has shared updates regarding their new 2-in-1 white label ride-hailing and delivery services platform company. The software development phase is complete, so the WarpSpeed Taxi app will soon be available on major mobile platforms. Using the app, drivers can provide Taxi services to passengers and delivery services to restaurants, grocery stores, and individuals or businesses in need of courier services.

The company is now involved in active beta testing in Ahmadabad, India. Once that is over, and all necessary software patches are integrated, the app is set to be launched live across India, and will then be expanded to other counties. The USP is the software’s modular, customizable design – it can conveniently clone and customize different versions of the base platform to target local markets anywhere in the world through joint venture partnerships with local entrepreneurs. It should occur by the next quarter of 2022.

The objective of WarpSpeed Taxi is to develop a model so the company can scale globally quickly, while providing profits to shareholders without dilution risk, reducing ride and delivery costs for passengers and businesses, and giving sufficient incentives to drivers with a larger overall cut from multiple overlapping services.

The company looks towards expanding the WarpSpeed Taxi service into 90% of the countries in the world within 36 months.

Published by Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.

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