Breaking news

InDrive Launches Bold Super-App Strategy, Transforming Ride-Hailing Into a Comprehensive Service Ecosystem

Expanding Beyond Ride-Hailing

InDrive, recognized for its innovative bidding-based ride-hailing model and impressive global footprint—with over 360 million downloads and 6.5 billion transactions recorded to date—is set to redefine its role in frontier markets. The company is shifting its focus from solely facilitating rides to delivering a broad range of daily essentials, beginning with grocery deliveries in Kazakhstan and extending into multiple verticals across Brazil, Colombia, Egypt, Pakistan, Peru, and Mexico over the coming year.

Kazakhstan: The Launchpad for Transformation

Choosing Kazakhstan as its inaugural market for the super-app rollout was a strategic decision. The largest economy in Central Asia has witnessed a significant digital shift, and InDrive has capitalized on this momentum. Operating from its hub in Kazakhstan where it maintains its largest workforce, InDrive’s grocery delivery service now offers over 5,000 products with a promise of delivery within 15 minutes. Early pilots indicate an impressive net promoter score of 83% along with robust user engagement—averaging five grocery orders per user per month.

Innovating With a Dark Store Model

InDrive’s approach in Kazakhstan leverages a dark store model optimized for ready-to-eat meals and a selection of fresh items. This model, which has seen a 30% increase in dark store capacity since August, is designed to enhance customer retention by maintaining affordability and efficiency. In parallel, the company is open to local partnerships in regions with dense networks of neighborhood stores to refine its service delivery further.

A Differentiated Super-App Vision

While the super-app concept has seen mixed success globally—from WeChat’s triumphs to Meta’s challenges—InDrive is betting on an integrated platform that not only personalizes user experiences through AI but also broadens accessibility to include users with disabilities and lower literacy. By tapping into this model, the company aims to secure a loyal customer base that values cost-effective solutions, positioning itself as the Aldi of online groceries amid growing consumer expectations.

Navigating Challenges in Complex Markets

Despite InDrive’s successes in frontier markets, challenges remain, particularly in India. Here, the company contends with fierce competition from Uber, Ola, and Rapido, as well as historical safety concerns and model exploitation. InDrive’s leadership acknowledges these hurdles, emphasizing a renewed focus on educating both drivers and passengers to address safety perceptions and operational nuances.

Looking Ahead: Expanding Service Offerings

The super-app strategy does not end with grocery deliveries. InDrive envisions a multifaceted service portfolio that could soon include financial solutions such as micro-loans for drivers—a feature already rolling out in Brazil and Mexico—as well as micro-mobility services and other tailored local offerings. These initiatives are supported by a significant venture arm, with up to $100 million earmarked for strategic investments, underlining InDrive’s commitment to nurturing its ecosystem while addressing localized consumer needs.

InDrive’s ambitious transformation from a ride-hailing provider to a comprehensive digital service platform demonstrates its proactive approach to capturing emerging market opportunities. Whether through innovative logistics models or strategic regional investments, InDrive is poised to further disrupt traditional market boundaries and set new benchmarks in customer loyalty and operational efficiency.

Cyprus Moves To Unlock More Solar Power With First Large-Scale Battery Storage Contracts

Cyprus is preparing to sign the first contracts for large-scale electricity storage batteries on Tuesday, a project expected to improve the grid’s ability to manage growing renewable energy production and reduce the curtailment of solar power.

A Long-Awaited Grid Fix

Energy Minister Michalis Damianos said the agreements will cover 120MW of centralised storage capacity that will be managed by the transmission system operator. The project, valued at €50 million, is expected to deliver the batteries in January 2027, with installation scheduled to take place over the following two to three months.

According to Damianos, the system should become operational by the summer of 2027, a period when both electricity demand and solar generation typically peak. He said the storage facilities will allow energy currently lost due to a lack of storage capacity to be retained and used when needed.

Why Storage Has Become Essential

The batteries are designed to absorb excess renewable electricity during periods of overproduction and release it back into the system when demand increases. Their introduction is expected to reduce the curtailments currently affecting solar generators and improve the use of renewable energy already being produced across the island.

Former Energy Minister George Papanastasiou told Sigma that planning for the project began in 2023 in cooperation with the European Commission. The objective was to address growing losses from renewable energy generation that the electricity network cannot currently absorb.

By the end of May 2026, approximately 160,000 megawatt hours of renewable energy had been lost through curtailments affecting residential photovoltaic systems, commercial solar parks, and wind installations. According to Papanastasiou, renewable electricity production exceeds demand during several hours of the day, leaving part of the output unable to be utilised.

The Cost Of Growing Faster Than The Grid

The challenge has become more pronounced as renewable generation capacity has expanded faster than the infrastructure required to manage surplus electricity. Data from the distribution system operator show that around 306 gigawatt hours of renewable energy were curtailed in 2025, compared with approximately 167 gigawatt hours a year earlier.

Papanastasiou acknowledged criticism that storage deployment has not kept pace with the growth of renewable energy projects, although he noted that regulatory and financing challenges slowed implementation. He added that the development of storage and generation capacity needs to progress in parallel, a challenge faced by many energy markets.

Private Capital Is Also Entering The Market

The state-backed battery installation forms part of a broader expansion of energy storage capacity across Cyprus. Alongside the project managed by the transmission system operator, the Electricity Authority of Cyprus (EAC) and private developers are advancing their own investments.

Current figures show 36 applications for battery storage projects with a combined requested capacity of approximately 925MW. The EAC has submitted applications for storage facilities in Dhekelia and Moni with a combined capacity of 180MW, while private-sector projects exceeding 150MW have progressed through various stages of the approval process.

Grid Stability Comes First

According to Papanastasiou, the state-owned battery system will primarily serve grid stability and energy security objectives rather than operate as a commercial trading asset. The facilities will store electricity during periods of surplus generation and release it when demand rises or when supply pressures emerge.

Privately operated storage projects could also contribute to the market by storing lower-cost renewable electricity and dispatching it later when demand and prices are higher.

As renewable energy continues to account for a larger share of Cyprus’ electricity mix, storage infrastructure is expected to play an increasingly important role in balancing supply and demand, reducing curtailments, and improving the overall efficiency of the power system.

Aretilaw firm
Uol
The Future Forbes Realty Global Properties
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter