Sunday, the Toronto Star printed Sandro Content's article about a Montréal businessman who is challenging the Uber model with a fleet of electric cars.
Alexandre Taillefer’s father taught him to read a newspaper upside down at the age of 5. It seemed no more than a game at the time, certainly less practical than the lessons that soon followed in how to play the stock market. But it taught him to look at things differently, an ability that helped make him a rich man.
As with so many of Quebec’s public figures, Taillefer’s high profile is largely restricted to the province. But that could soon change. He’s the Quebec poster boy for the battle against Uber, a crusade he plans to bring to Toronto next year.
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The head of Montreal’s board of trade, Michel Leblanc, calls Taillefer the bearer of a “third way” business philosophy between scorched-earth “disruption” and ossified status quo. The best example, Leblanc says, is Taillefer’s fledgling taxi company, called Téo.
It’s a bizarro-world reflection of both Uber and the traditional taxi industry. Its name a French acronym for “optimized ecological transportation,” Téo’s only similarity to Uber is the app-based hailing and payment service.
The differences begin with Téo’s fleet, which are all electric cars owned by the company. App software glitches since the launch last November often kept its initial 60 cars off the road until fixes were completed in early April. Taillefer plans to have 1,000 cars by 2018, a total investment of $250 million.
The more radical difference is Téo’s model of drivers as company employees. They earn $15 an hour ($4.25 more than Quebec’s minimum wage), work eight-hour shifts, receive benefits including two weeks of vacation and company contributions to Quebec’s pension plan, and are eligible for workers’ compensation in case of injury.