Uber and Lyft have established themselves as a convenient and reliable alternative to regular cab services. With them, ridesharing has become more popular among commuters. However, did you know that they aren’t the only ones out there?
Rideshare apps enable multiple passengers to use the same car and cut down on traffic congestions. By filling up empty seats, you also contribute less to environmental pollution helping fight climate change.
Additionally, passengers can enjoy lower fares compared to regular taxi rides as the cost is divided among the riders. Car owners too can recover some of the fuel costs by allowing people to travel with them and getting paid.
Wondering what rideshare apps you can go for? Here is a list of some of the most popular ridesharing apps around the world today. First, though, we will take a look at the major business models used by ridesharing/ carpooling app startups and businesses.
Popular Business Models of Rideshare/ Carpool App Platforms
Carpooling apps work under different models and we are going to explore the most common ones.Peer to Peer Model
Many ridesharing companies like Waze Carpool use the peer to peer working model. The principle is simple – the more the number of passengers, the lesser would each one pay. For example, riders in Waze Carpool have to pay the driver based on the distance they have traveled.The cost per head becomes lower when more passengers are traveling. The driver, on the other hand, can recover the fuel charges from the combined earnings from all passengers. Waze Carpool doesn’t employ drivers and relies on normal people to share their rides.
Aggregator Model
This model is used by players like Uber where the company takes a cut from the driver’s earnings. Matching is done using intelligent algorithms to connect passengers who are heading towards the same direction and each pays their share of the fare. So, you are sharing your ride with others to pay less.List of Popular Ridesharing Apps Across the Globe
Lyft Line
Lyft Line is a new way to share your rides, helping you pay less by riding along with others who are going on the same route as you. Developed by Lyft, the second largest rideshare app when it comes to volume, drivers can share their trip passengers heading the same way can hop in for a discounted price. Riders save up to 60% on fares compared to calling a separate cab.Uber Pool
Uber Pool is the carpool service offered by the ride-hailing giant Uber where multiple riders can ride in the same car for discounted rates.BlaBlaCar
BlaBlaCar is one of the earliest ridesharing apps which used the concept of ridesharing successfully. Drivers can reduce their transport costs by having riders fill up empty seats while traveling between cities. Users can find and book rides using their mobile apps.Read More About Top Rideshare Apps.
