THE country’s motorcycle ride-hailing industry remains financially strong and poised for long-term expansion, according to Angkas, one of the sector’s leading platforms.
The statement comes in response to recent concerns raised about the viability of motorcycle taxis in the Philippines.
Angkas Chief Executive Officer George Royeca said the sector is not just stable but thriving, with market projections estimating the industry’s value to reach $1.33 billion by the end of the decade.
He emphasized that the growth is being driven by sustained commuter demand, the expansion of e-commerce, and ongoing challenges in public transportation.
Royeca cited the firm’s own performance as proof of industry health, citing the platform’s over 12 million app downloads nationwide.
The company has trained and deployed tens of thousands of riders nationwide and claims a 99.997 percent safety record since its operations began.
“The motorcycle ride-hailing industry has become deeply woven into the fabric of Filipino urban life. It’s not a trend — it’s an essential service,” Royeca said.
He added that affordability, quicker travel times in congested cities, and the limited reach of traditional transport systems have made motorcycle taxis indispensable to daily commuting.
Angkas also pointed to the arrival of new players in the market as a signal of growing investor confidence.
Royeca said this healthy competition only further legitimizes the sector and pushes all stakeholders to uphold safety, efficiency and reliability.
He credited the firm’s reputation to its efforts in setting professional standards for the industry. These include extensive rider training programs, compliance with government regulations, and active engagement in legislation aimed at fully legalizing motorcycle taxis across the country.
“Financially and operationally, Angkas is strong — and getting stronger,” Royeca said. “We welcome competition and scrutiny, but we stand firm on our record.”
With the number of projected users expected to exceed 22 million by 2030, Angkas reiterated its commitment to safety and job creation, describing the ride-hailing sector not as a temporary solution but as a permanent fixture of modern urban mobility in the Philippines.
Founded in 2016 and based in Makati, Angkas operates in Metro Manila, Metro Cebu, Cagayan de Oro, and other major cities, providing both ride-hailing and delivery services through a trained rider fleet exceeding 30,000.