Individuals have been commuting from one place to another since time immemorial because one has to travel to accomplish lots of things. Transportation in these current times is no longer limited to a ride on the bus, metro or a taxi. New technologies have been integrated into the transportation sector making it a force to reckon with. Now it is possible to book a ride from one to another place from the comfort of your home. Uber is one of the companies that offer such exemplary services to its customers.
Uber Technologies Inc is popularly referred to as Uber and is a public company of American origin. It was founded in the year 2009 by its founders Travis Kalanick and Garrett Camp. The multinational company serves a worldwide area through headquarters base at San Francisco in the United States. It has spread its presence to seven hundred and eighty-five areas in sixty-three countries which in itself is a remarkable feat. Uber is associated with the transportation industry and this ride-hailing company can be accessed through mobile apps and its website. It offers ridesharing, food delivery, ride service hailing and mobility with scooters and electric bikes.
Uber no doubt has been able to capture a large market share but several players in this sector are equally good and are also offering the best products and services. It is important to know about them so that we can understand the point of difference between them and next time book a ride or ask for any other related service that will prove beneficial for us. Some of the important Uber competitors are-
Top 8 Uber Competitors
If you are looking at ride-sharing services than the company Lyft is no doubt a major Uber competitor in the transportation industry. The company occupies 29% of the market share in the United States and has been acknowledged as the second-largest player in that country based on ride-sharing services. The one thing that distinguishes Lyft from any other ride is its fuzzy pink mustache on the front or dashboard of the vehicles.
Lyft Inc is a public company of American origin that was founded in the year 2012 by its founders John Zimmer and Logan Green. The company serves through headquarters base at San Francisco in the United States and has spread its presence to six hundred and forty-four cities in its country of origin United States and twelve cities in neighboring Canada. Lyft acts as a subsidiary of its owner companies that include Rakuten, General Motors, Fidelity Investments, Andreessen Horowitz and CapitalG. By the end of the fiscal year 2018, it had an estimated five thousand, three hundred and eighty employees under its fold.
Lyft is associated with the transportation industry and markets, operates and develops the Lyft mobile app. It provides food delivery service, bicycle sharing system as well as scooter and car rides. Interested riders have to download the app to their phone, sign up, enter a valid phone number and form of payment. The fare is credited from the funding source once the passenger completes his ride.
Lyft provides shared ride, Lyft XL, Lyft, Lux Black, Lux and Luc Black Xl types of car rides and also rides in a scooter which comes for one dollar to unlock the ride and fifteen cents every minute for the ride. The operations of Lyft are considered very similar to those followed by Uber as the user has to use a smartphone application and watch the map to track the ride from the time of booking to throughout the journey until the ride is complete.
Didi Chuxing Technology Co is popularly referred to as DiDi and is a privately-held company of Chinese origin. It was founded in the year 2012 by its founder Cheng Wei. The company serves a worldwide area through headquarters based in Beijing, China. It has spread its presence to several countries like Mainland China, Brazil, Japan, Australia, Mexico, Panama, Costa Rica, Taiwan, Hong Kong, and Colombia.
Didi is associated with the transportation industry and offers app-based services that include private car-hailing, taxi-hailing, bike-sharing, on-demand delivery services, and social ride-sharing. It also provides automobile services like maintenance, financing, leasing, sales, electric vehicle charging, fleet operation and development of vehicles with automakers.
With millions of drivers and more than five hundred and fifty million users by the end of the year 2019, DiDi has proved itself as a worthy Uber competitor in the transportation sector. Its service portfolio includes Didi Taxi, DiDi Premier, DiDi Express, DiDi Luxe, DiDi Bus, Designated Driving, Enterprise Solution, Bike Sharing, DiDi Foodies and DiDi English.
3. Ola Cabs
With an estimated 310 million US dollars as its revenues at the end of the fiscal year 2018 and a valuation of 10 billion dollars at the end of 2019, Ola Cabs has become one of the most successful Uber competitors in the world. The company claims to one lakh fifty thousand bookings daily. It has been successful in capturing 60% of the market share in India as per the available reports of the year 2014.
Ola Cabs is a private company of Indian origin that was founded in the year 2010 by its founder Bhavish Aggarwal. The company serves through headquarters base at Bengaluru in India and has spread its presence to two hundred and fifty cities in its countries like India, United Kingdom, New Zealand, and Australia.
Ola Cabs is associated with the transportation industry and offers food delivery, taxi, ride service hailing and peer-to-peer ridesharing. It offers various types of services that range from luxury to economic travel. The rider has to download the Ola app on its mobile device or website and make a reservation through any one of them. The service accepts cashless and cash payment as per the convenience of the rider although it must be mentioned upfront before the ride begins. The service category includes micro, mini, rental, pedal, taxi, shuttle, prime play, bike, luxury, auto-rickshaw, share, etc.
If you are looking for an international Uber competitor then look no further than Bolt. The company projected its revenues at 79.7 million pounds for the end of the fiscal year 2018. It is associated with the transportation industry and offers food delivery, scooter-sharing system, and ride-hailing. Users have to download the Bolt app in their smartphones and hail rides when required. The Bolt app is available on Windows phone, iOS and Android. The customer has to choose the ride, select the payment mode and confirm the ride. Once the ride is accepted the user can see the details of the car and the driver. Payment is deducted after the ride is completed.
Bolt is an Estonian origin company that was founded in the year 2013 by its founder Marcus Villig. The company serves through headquarters base at Tallinn in Estonia and has spread its presence to one hundred and fifty cities in thirty-five countries that include places like Australia, North America, Austria, Belarus, Cyprus, France, Ghana, Croatia, etc. In the global arena Bolt boasts of an estimated thirty million customers connected with its app as well as one million drivers in its fold that offer rides to interested parties.
At its onset Bolt was known as Taxify which the company later changed to its present name. In the year 2019, September, the company Bolt pledged its support towards minimizing ecological footprint spread by the transportation company. It announced its initiative “Green Plan” that would minimize CO2 emissions and add green-ride types for the passengers.
5. Via Transportation, Inc
Via Transportation Inc is popularly referred to as Via and is one of the strongest Uber competitors especially in the United States. It is associated with the transportation network industry and real-time ride sharing. Via offers its technology via SaaS and TaaS to private organizations, transit agencies, and cities to create transit networks. In six cities Via operates as a sole-service provider and in the remaining places, it has entered in partnership with different organizations.
Via is a transit provider focussed on on-demand shared rides. It is for riders who are interested in shared rides as it is economical compared to single rides. The app matches the passengers who are heading in the same direction and book them into a single-vehicle. The shared ride generally picks up the passenger from a common and feasible pick-up point. Several selected cities are providing private rides that offer door-to-door transportation services. The company offers multiple choices in the type of vehicle that can be selected by the passenger. It includes private rides and ViaExpress. It also offers ViaPass which are periodic subscriptions that encourage travelers to ride several times daily on either a weekly or monthly basis. The only thing is that riders have to pay upfront for either unlocking discounts or ride bundles.
Via Transportation, Inc is an American origin company that was founded in the year 2012 by its founders Oran Shoval and Daniel Ramot. The company serves through headquarters based in New York City in the United States and has spread its presence to several places. Via offers rideshare services to consumers in twenty countries that include United States, Canada, United Kingdom, Indonesia, Germany, Japan, etc and cities like Berlin, Amsterdam, London, Washington DC, Chicago, New York, and Milton Keynes via ViaVan, a joint venture with Mercedes-Benz Vans, hence the name ViaVan.
6. Yandex Taxi
Yandex Taxi has the distinction of being the leading developer in the world in terms of self-driving technology. This Uber competitor operates an internet portal, a search engine, and various other online services in numerous countries. The multinational company has put its onus on developing AI-infused proprietary software and hardware for the vehicles that will help in monitoring the attention level of the driver.
Yandex Taxi is an international company of Russian origin that was founded in the year 2011 by its founder Yandex. The company serves through headquarters base at Moscow in Russia and has spread its presence to an estimated one thousand cities in several countries like Russia, Estonia, Finland, Romania, Serbia, Latvia, etc.
Yandex Taxi is associated with the transportation industry and operates food tech and taxi aggregation business. The Yandex app is available on websites and mobile apps. Nearly seven lakh drivers are connected to the network that offers ride-hailing services. In some countries, the brand operates under the brand name Yango. The food tech division of the company includes Yandex Eats, which is a food delivery service, Yandex Lavka, grocery delivery service, and Yandex Chef, the meal kit service.
One of the major Uber competitors in the world is Grab Holdings Inc which is popularly referred to as Grab. This private multinational company is associated with transportation, financial services and delivering industries. It is a platform that operates via the website and mobile app and offers its customers several services that include ride-hailing and vehicle for hire. The company also provides delivery of food and digital payment services through a mobile app.
Grab is an international company that was founded in the year 2012 by its founders Tan Hooi Ling and Anthony Tan. The company serves through headquarters base at Queenstown, Singapore and has spread its presence to an estimated two hundred and forty cities in nine countries like Vietnam, Thailand, Philippines, Myanmar, Indonesia, Japan, and Singapore. With an estimated six thousand employees in its fold, the company has been able to make a distinct name for itself.
The Uber competitor Grab has the distinction of being a start-up with a valuation that exceeds 10 billion dollars. The company has a very simple operating system. The Grab app has to be downloaded because it helps to assign the required private car or taxi to the commuters via a location-sharing system.
8. Local Taxis
There was a time when the local taxis ruled the transport system and was considered one of the luxurious ways of traveling from one place to another especially for people who did not have the option of owning a private vehicle. With time there has been a slight downfall in their revenues because of the arrival of smartphone cab hiring services but still, the local taxis are considered one of the major Uber competitors in the whole world.
The local taxi has a fixed meter that cannot be tampered with. The basic fare and the amount that should be levied after every km as payment of local taxi ride are fixed by the government and not the local taxi association. The fare has to be paid at the end of the ride but it is mostly cash payment. Times are changing and some local taxi operators have started accepting payments via mobile payment apps like Paytm etc.
The Uber company offer several types of vehicle to choose from like luxury or economical. The individuals who use a local taxi also have an option of a normal local taxi and a local taxi with an air-conditioned ride.
Knowing about Uber competitors has been a blessing in disguise as we all have gained knowledge about the products and services that these companies are offering. We will be able to minimize our dependency on one service provider from now onwards and choose the ride that will be economical and best for us in terms of comfort and pricing.