Tags – App Based Taxi Services On The Rise
Uber is the champion of app-based taxi services.
Or, is it?
Spreading its wings to more than 60 countries, the ride-sharing company is in the driving seat in most markets around the globe.
But, it doesn’t mean they are short of any competition.
In this blog, you will get to know the top 3 global rivals of Uber’s dominant muscle.
They all are equally trying to prize from the growing technology – one of them is even ahead of Uber in net revenue!
Let’s check out who they are:
1. Lyft
Based in San Francisco, California, Lyft is a major competitor to Uber because of their similar app operation.
Starting in 2012, the company is known for the popular fuzzy pink moustaches on the dashboards or front of the car.
Impressively, they are currently operating in more than 650 cities in the USA and Canada.
Other than that, their services are available in more than 220 cities, including countries like Singapore, Indonesia, The Philippines, Thailand, Malaysia, and Vietnam.
Simply, users can access a map through a mobile app, mark the locations and track the ride accordingly.
And, although they are not as rich in features as Uber, Lyft is more transparent in receipt details of a trip.
Moreover, for a rider, it becomes easier to identify the ride by looking at a moustache on the dashboard.
And, Lyft also has got the support of Uber’s global rivals like DidiChuxing to rival them in Asian countries like Malaysia.
Overall, they are more focused on rivalling Uber in the US and Canada market.
2. ViaVan
This ride-sharing service, famously known as ViaVan, operates at a more localized level.
However, they are currently operating in New York, Chicago, Washington, D.C. and in Amsterdam, Berlin, and Milton.
Moreover, ViaVan has the ride-sharing service, with the efficiency of a private car, but the cost-saving benefits of public transport.
In other words, passengers share the same ride to head in a similar direction – and get dropped off in different locations.
In addition, not only does the driver make more money this way, but the passengers also experience a lesser cost for their ride.
Currently, in the markets they are operating in, they only charge a 15% service fee at maximum and 10% at least, which is a far lesser commission rate in comparison to Uber and Lyft.
3. DidiChuxing
When it comes to regional rivalling, Chinese companies always come out on top, at least in their own country.
In 2015, DidiChuxing completed a milestone of 1.4 billion rides.
On the other hand, by the same year, Uber completed 1 billion rides, but in 6 years.
So, with such a stronghold in the local market, the Chinese giant was valued at $28 billion by the end of the 2016 fiscal year.
Not only that, but by the end of the same year they acquired the Chinese unit of Uber.
Furthermore, DidiChuxing was voted as the most valuable start-up in China in 2017 – the company valued at over $50 billion by getting support from more than 100 investors.
Since then, DidiChuzing has expanded its global footprint to Australia, Mexico, Japan, and Brazil – and partnered with global players like Lyft, Ola, Grab, Bolt, etc.
Currently, they are providing an average of 10 Billion passenger trips in a year.
Conclusion
Before reading this, you might have had this perception that Uber is the undisputed champion of the global ride-sharing market.
Although, they have a huge share in the global market but in countries where it matters the most e.g. USA, Germany and Canada, they do have some serious competition.
And, in the biggest of all markets, i.e. In China, they are even knocked out of the competition.
However, there’s no doubt they are the most expanded service globally and this will benefit them in the long run.
To learn more, get in touch today.
In the meantime check out our Oxford Taxis service.
This blog was produced in collaboration with:
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