MANILA Electric Co. (Meralco) and On-Us Solutions, Inc. or Byahe have agreed for the latter to acquire 100% of the electricity distributor’s eSakay public transportation business.
MANILA Electric Co. and On-Us Solutions, Inc. or Byahe have agreed for the latter to acquire 100% of the electricity distributor’s eSakay public transportation business.
In 2018, MPT Mobility, the innovations arm of Metro Pacific Tollways Corp. , invested in Byahe and became its majority single shareholder. Byahe is a transportation company that operates privately owned modernized jeepneys. It was founded by Brian P. Cu and Mr. Gonzales. “This program while currently being implemented is saddled by the high costs of operations, among other challenges. While EV jeepneys lower their operating costs, this new industry needs all the help it can get from the government to ensure that it remains financially viable and sustainable,” Meralco said.
Meanwhile, Rodrigo E. Franco, MPT Mobility president and MPTC chief executive officer, said that Byahe will also focus on combining emerging technology to provide a better public transportation system.
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