Minibuses are the most common type of public transportation in Mogadishu. The next most frequently used public vehicles in the city are auto rickshaws ("bajaj"). They number around 3,000 units and come in various designs. The auto-rickshaws represent a lower cost alternative to taxis and minibuses, typically charging half the price for the same distance, with flexible rates. Due to their affordability, capacity to negotiate narrow lanes and low fuel consumption, the three-wheeled vehicles are often appealing investment opportunities for small-scale entrepreneurs. They are generally preferred for shorter commutes. In June 2013, two new taxi companies also started offering road transportation to residents. Part of a fleet of over 100 vehicles, Mogadishu Taxi's trademark yellow cabs offer rides throughout the city at flat rates of $5. City Taxi, the firm's nearest competitor, charges the same flat rate, with plans to add new cabs to its fleet.