Uber Technologies Inc. is a micromobility, food delivery, point-to-point ride-sharing, and transportation company. When it comes to taxi cabs, ride-sharing transit, and food delivery, Uber isn’t the only company on the market that provides these services. Uber has a number of competitors, including the following:
#1. Lyft
- Founded: June 9, 2012
- Headquarters: San Francisco, California, United States
Need to know
Lyft (https://www.lyft.com) was established in 2012 by computer programmers Logan Green and John Zimmer in 2007. In 2013, the company officially changed its name from Zimride to Lyft. The switch from Zimride to Lyft was the product of a hackathon that sought a way to communicate with users on a regular basis rather than once or twice a year. Lyft sold Zimride to Enterprise Holdings in July 2013 to allow the firm to focus only on Lyft’s growth. Lyft began as a ridesharing firm for shorter journeys within cities, whereas Zimride was targeted at college campuses.
Lyft creates, promotes, and manages a mobile app that allows users to hire vehicles, motorized scooters, bicycles, rent cars, and order meals. Lyft does not own any vehicles; instead, each booking earns it a commission. Fares are stated in advance to the consumer, but they change depending on the local supply and demand at the time of the booking.
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#2. Didi
- Founded: June 2012
- Headquarters: Beijing, China
Need to know
Didi (https://www.didiglobal.com) was established in 2012 by Cheng Wei. It was previously known as Didi Dache, but in February 2015 it merged with Kuaidi Dache to form Didi Kuaidi. Didi Kuaidi invested a lot of money to compete with other firms like Yidao Yongche and Uber. Other features, such as new premium vehicle services, options for carpool and designated driver transportation modes, and better accessibility functions for passengers with impairments, have been added to complement the company’s fundamental taxi-calling function. It now has a user base of over 550 million people and tens of millions of drivers.
The company offers app-based transportation services such as taxis, private cars, social ride-sharing, and bike sharing, as well as on-demand delivery and automobile services such as sales, renting, financing, maintenance, fleet operation, electric vehicle charging, and vehicle co-development with manufacturers.
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#3. Ola cabs
- Founded: December 3, 2010
- Headquarters: Bangalore, Karnataka, India
Need to know
Ola Cabs (https://www.olacabs.com) was established in 2010 by Bhavish Aggarwal. Ola expanded into its first overseas market, Australia, in January 2018. Ola launched its UK operations in March 2019, bringing auto rickshaws to the country. Before the launch in London, more than 10,000 drivers applied both online and offline. Ola debuted its taxi-hailing services in February 2020, with over 25,000 drivers enrolled.
It provides several degrees of service, from economic to luxury travel. Cabs can be reserved using a smartphone app or a website, and the service accepts both cash and credit card payments. It provides services such as automobile rental and meal delivery.
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#4. Bolt
- Founded: August 2013
- Headquarters: Tallinn, Estonia
Need to know
Bolt (https://www.bolt.eu) was founded in 2013 by Markus Villig, a 19-year-old high-school student at the time, with the goal of combining all Tallinn and Riga taxis into a single platform. He hired a developer to help him launch the business with the help of his parent, who also assisted him by providing customer support outside of their regular working hours. The service began in August 2013 and expanded to foreign shores in 2014.
It provides services such as vehicle rental, micromobility, car sharing, and food delivery. It also provides and maintains the Bolt App, Bolt Platform, In-app Payment, customer support, driver-to-passenger communication, and other comparable services.
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#5. Easy Taxi
- Founded: June 24, 2011
- Headquarters: Sao Paulo, Brazil
Need to know
Easy Taxi (https://www.easytaxi.com) was established in 2011 by Tallis Gomes in Rio de Janeiro. According to Gomes, the inefficiencies of taxi transportation he encountered in Rio de Janeiro during one of the startup events was the key impetus for founding the company. Following a two-month introductory phase, the application was released in beta form in August 2011. Daniel Cohen, Vinicius Gracia, Bernardo Bicalho, and Marcio William were among the first employees hired by Gomes. As a pioneer in taxi call service in Latin America, the company has received numerous honors.
It offers a cab-hailing mobile app that is available in 30 countries. Users can book a cab and track it in real time using the app. In all locations where partner cabs operate, the same iOS, Android, or Windows Phone app can be utilized.
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#6. Gett
- Founded: November 1, 2010
- Headquarters: London, United Kingdom
Need to know
Gett (https://gett.com) was established in 2010 by Shahar Waiser and Roi More. Waiser had the concept during a wait for a taxi to the airport in Palo Alto, California, in the summer of 2009. Pelham Capital, Access Industries, Vostok New Ventures Global, Rakuten, MCI Capital, and others have invested more than $750 million in Gett, including $300 million from the Volkswagen Group. It has a global workforce of over 800 people.
Gett brings together corporate fleets, taxis, ride-hailing services, and limo services on a single platform, streamlining the complete employee experience from booking to riding to invoicing and analytics, and saving businesses time and money. Their cloud-based software brings together existing transportation suppliers into a single platform, allowing businesses to better manage their ground transportation costs.
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#7. Careem
- Founded: July 2021
- Headquarters: Dubai, United Arab Emirates
Need to know
Careem (https://www.careem.com) was established in 2021 by Mudassir Sheikha and Magnus Olsson. They had previously worked as management consultants at McKinsey & Company. It began as a website-based service for business automobile bookings in July 2012, and has now expanded into a vehicle-for-hire firm that offers car rental for everyday use. It operates in over 100 cities across 15 countries in the Middle East, Africa, and South Asia.
It provides vehicles for hire, which is a division of the American company Uber. You can purchase a specified number of discounted rides in advance. You pay nothing for any ride that costs less than the pre-determined discount. Otherwise, only the difference between your ride cost and the discount amount will be charged.
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#8.Grab
- Founded: June 2012
- Headquarters: Singapore
Need to know
Grab (https://www.grab.com) was established in 2012 by two Malaysians, Anthony Tan and Tan Hooi Ling, as the MyTeksi app in Kuala Lumpur, Malaysia, and later expanded as GrabTaxi the following year. Following the “super app” pattern, it has since extended into other services. In 2014, it renamed itself Grab and relocated its headquarters to Singapore. Singapore, Malaysia, Cambodia, Indonesia, Myanmar, Philippines, Thailand, and Vietnam are among the Southeast Asian nations where it operates.
It works with a licensed partner to provide an alternate mode of transportation that employs personal automobiles rather than taxis to alleviate the absence of public transit during peak hours. It also offers meal delivery and digital payment services via a smartphone app.
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#9. Fasten
- Founded: September 2015
- Headquarters: Boston, Massachusetts, United States
Need to know
Fasten (https://www.fasten.com) was established in 2015 by CEO Kirill Evdakov, CMO Roman Levitskiy, and COO Vlad Christoff. It debuted in Boston in September of that year. Fasten raised $9.2 million in its first round of funding, all of which came from chairman Evgeny Lvov.
It provides a mobile app with which customers can send requests for rides and get them dispatched to the nearest available driver. Both riders and drivers must have a GPS-enabled smartphone with the Fasten app installed in order to utilize the service. Riders can order a four- or six-seat automobile using this app by entering their starting and ending locations. Riders will receive an estimated wait time, an estimated time until they arrive at their destination, and an estimated fee before making a request. Customers can also communicate with their driver by phone or text.