Introduction
Have you heard of ride sharing? It’s the latest way to get around town, but it isn’t just for millennials. Ride sharing is a service that allows you to book a ride with someone who’s going the same way as you. The difference between riding with Uber or Lyft and taking a taxi is that you’ll never have to wait in line for your car or deal with paying cash at the end of your trip. You can arrive at your destination safe and sound without having to worry about traffic jams or parking—and best of all, it’s often cheaper than taking public transportation! So whether you’re traveling for business or pleasure, read on to learn how this new form of transportation works:
Uber
Uber is a ride-sharing service that connects passengers with drivers via mobile app or website. Founded in 2009 and headquartered in San Francisco, California, Uber has been valued at $68 billion as of December 2018.
Uber operates in many countries worldwide including Canada (Ontario), China (Shanghai), India (Mumbai) and Mexico (Mexico City).
Lyft
Lyft was founded in 2012 and is a peer-to-peer ride sharing service. Lyft allows passengers to use their own cars to give people rides, or they can use one of the company’s professional drivers. Lyft operates in about 300 cities in the United States, Canada and Mexico.
Lyft competes directly with Uber on many fronts; both companies have raised billions from investors (Lyft has raised $1.7 billion) and offer similar services at similar prices. While Uber has been around longer than Lyft–and therefore has more customers–it’s possible that people will prefer using Lyft because it feels more personal than its competitor does: you’re sharing your car with someone else instead of sitting alone in an anonymous taxi cab driven by someone who might not know where he’s going anyway!
Sidecar
Sidecar is a ride sharing service that allows you to connect with other drivers and passengers. It’s similar to Uber or Lyft, but with a few key differences:
- Sidecar was founded in 2012 and has been operating in San Francisco since then.
- The company uses a smartphone app to connect drivers with passengers who need rides, rather than relying on taxi dispatchers like its competitors do (although it does also have some traditional cabs on its network).
- There are no minimum fares or surge pricing when demand is high–you pay what the ride costs at the end of the trip, which means that prices can vary widely depending on how long it takes you get where you’re going!
Hailo Taxi UK
Hailo is a taxi hailing app that allows riders to book cabs through their smartphones. The service was founded in 2011 and acquired by Daimler in 2014, but remains one of the most popular ride share services in the UK today.
Hailo is available in London, Manchester, Glasgow, Leeds and Birmingham as well as Cardiff (Wales).
Taxify
Taxify is a ride-sharing service that operates in Europe, Africa and Asia. It was founded in Estonia in 2013 and has since grown to include over 10 million registered users worldwide.
Taxify offers a wide range of vehicles including private cars, taxis and minibuses. The company also has an app which passengers can use to book their rides directly from their phone without having to speak with anyone over the phone or via email (as is often required by other services). Taxify keeps things simple by offering just one price for all rides: no surge pricing!
The driver rating system ensures that only high quality drivers are approved by passengers who give feedback after each trip so you won’t have any bad experiences while using this app–and if something does go wrong then there’s always customer service available 24/7 through email or chat support channels provided within each city where they operate so you’ll never feel alone out there on those dark roads!
Cabify
Cabify is a ride sharing service that operates in Mexico, Colombia, Chile and Argentina. It was founded in 2012 by Juan de Antonio and Ignacio Arsuaga. Cabify offers transportation services through its mobile app or website. Users can request a ride from their current location to any other destination within the coverage area of each city that it operates in. Cabify has over 10 million customers across Latin America and Spain
Didi Dache (China)
Didi Dache is a ride sharing service based in China, founded in 2012. The company has raised over $20 billion and has more than 300 million users worldwide. It’s one of the most valuable start-ups in the world right now, with an estimated value of $56 billion according to CNBC.
Ola Cabs (India)
Ola Cabs is a ride-hailing company based in India. It was founded in 2010 by Bhavish Aggarwal and Ankit Bhati. The name Ola is an acronym for “Omni-channel Logistics Application”.
Ola has a fleet of over 1.3 million vehicles across India, including cars, autorickshaws and taxis.[1] Ola operates in 100 cities across 7 countries.[2] In February 2019, Uber Technologies agreed to sell its Southeast Asia operations (except for Uber Eats) to Grab Holdings Inc., which includes Ola’s Indonesian unit Gojek.[3][4][5]
Grab (Singapore)
Grab is the Southeast Asian ride-sharing service that has made a name for itself in the region. Although it doesn’t operate in the United States or Canada, Grab is available in Singapore, Malaysia and Indonesia–three countries with high populations of expat workers who travel frequently between them.
If you’re planning on visiting any one of these countries soon, take note: Grab may be able to help you get around more easily than other apps could!
Didi Kuaidi (China)
Didi Kuaidi is a ride sharing service that operates in China. The company was founded in February 2015 by two well-known Chinese companies, Didi Dache and Kuaidi Dache. Didi Kuaidi has over 300 million users, and 10 million drivers on its platform (including Uber China).
Ride sharing is a growing industry with lots of different players.
Ride sharing is a growing industry with lots of different players. Uber and Lyft are the biggest players in the market, but there are many other companies that offer ride sharing services as well.
The industry has exploded over the last decade or so and continues to grow rapidly as people continue to become more comfortable using their phones for everything from ordering food at restaurants to paying bills online.
Conclusion
Ride sharing is a growing industry with lots of different players. The ride share market is expected to be worth $285 billion by 2030 and there are currently over 250 companies in this space worldwide. It’s an exciting time for this industry and we’re excited to see how it continues to evolve!
