It was announced by ride-sharing service Cool that, following careful consideration, they will be ceasing operations as of January 27th 2023. 

After being set up in 2019 as Malta’s first ride-sharing company, Cool aimed to offer ‘consumers a cost-effective, environmentally friendly and traffic-reducing alternative to angle occupancy transportation such as private cars and cabs.’ 

Executive Director at Debono Group Michael Debono said that ‘the group is proud to have introduced the concept of shared rides in Malta and that this was an innovative and purpose-driven mode of mobility which helped reduce the country’s significant traffic congestion problem, while encouraging a shift of consumer behaviour to more sustainable solutions.’

Thanking all it customers and its employees and drivers for their loyalty to the service, Cool announced that it will refund all is pass users by Friday 27th January and ensure that its driver partners are paid in full. 

‘Cool estimates that when compared to the same trips being made in a car or private cab, its service decreased traffic congestion by 58% and emissions by 48%.’

‘Data from Cool showed that the service had the biggest positive impact on traffic during the weekly peak hours of congestion, whereby vehicles that were part of the Cool service were carrying an average of 4 passengers per vehicle, and in some instances up to 8 passengers per van, as opposed to one passenger per vehicle in the case of private cars and taxis.’

#MaltaDaily