Yandex Taxi Announces Investment Amount for Attracting Drivers

In December, Yandex Taxi will significantly increase its total investments in attracting drivers in Russia. The amount will exceed four billion rubles, which is 1.5 times more than in December 2022, according to the service's announcement.

This sum includes various bonuses that provide additional income for drivers, for example, for completing a certain number of trips or for orders in a specific area.

Additionally, Yandex will temporarily forgo a portion of its commission in favor of drivers. This measure will apply to trips during particularly busy periods when the number of taxi orders far exceeds the number of drivers available to fulfill them. According to the company's estimates, due to the reduction in commission, drivers will earn more income in approximately 20 percent of all trips in December and January.

The service expects that the measures taken will make earning in taxis even more attractive, stimulate the influx of new drivers into the industry, and long-term curb the rate of price increases. According to the company's calculations, about 80,000 additional drivers are needed to normalize industry prices.