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Asian Taxi Dispatch Apps – A Threat to Uber Hegemony

Uber came and conquered the ridesharing market a decade back. There was no competitor for three solid years except a few insignificant regional players. Until the time it had a real competitor, the taxi dispatch app was already operating in six of the top global economies. Despite the arrival of many rivals, the growth of Uber did not halt – until 2013 when it launched in Asia.

The company’s Asia expansion plan was identical to its strategy in rest of the world. The strategy did not immediately backfire. However, unlike Europe and North America, it could not leave a long term impact either. After making a decent start in China, Didi Chuxing started to overpower it in the country. In less than two years of China initiative, Didi Chuxing acquired Uber in 2016.

The silicon-valley ride-hailing company faced a similar fate in Singapore as well where Grab was the conqueror. In the MENA region, Careem is the primary challenger.

Thus, the regional ridesharing companies of Asia-Pacific, South Asia, Middle-East, and North Africa (MENA) are posing severe challenges to Uber. Besides, Uber is not only threatened overseas. Didi Chuxing and few other regional players are preparing to take the battle in Uber’s own backyard.

Why is Uber unable to fly as high in Asia as in North America and Europe? Our research in the local dispatch taxi app companies offers an explanation.

Native Cultural Adoption is Crucial

Owing to the widely varying ethnicity, western countries have a range of cultural demographics. However, each of these countries promotes a mutual culture which enables inclusiveness and globalization. In sharp contrast, native cultures and traditions are dominant in Asian and African regions.

Uber initiated in Asia with the same model of delivering identical services in all regions. In other terms, Uber tried to implement the western model in Asian environment. The initial success follows from the fact that developing nations of Asia lacked a service prior to Uber. With a couple of exceptions, Uber was the pioneer in providing a comprehensive ride-hailing solution. The service was a massive relief from local taxi and mostly miserable public transport.

However, it failed to sustain the growth with the advent of local startups. The services started by local entrepreneurs are highly personalized to the needs of native passengers. Careem, Grab, and Ola provide the three primary examples. The founders and top leadership of each of these startups are native individuals who understand local cultural norms. They ensure that these norms reflect in their ridesharing business model.

Uber did not consider the formal training of drivers on harassment as an essential element. Consequently, the taxi cab dispatch app faced multiple allegations associated with security of passengers and drivers. Contrary to Uber’s generic model, Careem addressed the specific problems of Middle Eastern and North Africa. The company’s advertisements reflect local traditions, unlike Uber which runs almost the same promotions as in the US.

Careem Grab and Ola are relatively flexible in declining rides. They also offer virtual wallet because a significantly higher proportion of the population does not keep a credit card. Contrarily, Uber has a stricter policy for declining and payment.

Alliance Instead of Rivalry

In a rapidly growing demand for ridesharing, it is unwise to view competitors as rivals. Partnership between companies enables them to expand profits. On the other hand, rivalry spills out massive costs in outperforming the competitors. Asian Cab Startups are expanding with the approach of collaboration and mutual growth.

China – the biggest rideshare market of $35.58 billion – made Didi Chuxing the king of country’s taxi dispatch app industry. With a massive 25 million rides/day, Chinese market is more than four times bigger than all of Europe combined. The company is also growing its foothold outside China with mergers and acquisitions. The successful mergers enabled Didi to value at $56 billion – more than Uber by a margin of $8 billion.

Didi supports Careem in MENA, Grab in Singapore, and Ola in Indian peninsula to keep Uber at bay. Nevertheless, Uber managed to sustain some Asian business by keeping a part of shares in Didi and Grab. A percentage of 17.7% and 27% in China and Singapore respectively ensures a considerable revenue stream from Asia. This move also demonstrates the significance of collaboration in Asian taxi dispatch app market.

After consolidating its position in Asia, Didi is pushing its foothold in South America with same partnership approach. If Asian rideshare companies continue to grow with the same strategies, Uber will soon be battling in its hometown.

Avoiding Regulatory Disputes

One significant hurdle in the way of Uber is its aggressive approach in dealing with regulatory bodies. Although Uber manages to continue services using its global influence, yet the approach creates a hostile environment for the company. The transport and taxi regulations widely vary in different parts of the world. Consequently, the local administrations back other flexible rideshare services to counter Uber.

In sharp contrast to Uber, major taxi dispatch app businesses in Asia are cooperative with regulatory administrations. This cooperation may not help them immediately. However, gaining the regulators’ support assist them big time in the long run.

Respect for employees may not be a compulsion, but Careem ensures to respect its drivers. This policy lifts the reputation of company far above Uber. Ola, Grab, and Didi besides Careem also ensure that they facilitate driver with efficient taxi dispatch driver app. Drivers earn significantly better than Uber.

Lesson for Entrepreneurs

Global ride-hailing market is expected to reach $285 billion by 2030. Market saturation is not a problem in any region. It is the business approach of a company that may halt growth. Uber’s expansion model yields quick results, but it is volatile. In contrast, Asian rideshare giants are penetrating slowly but steadily. Entrepreneurs should respect local cultures and regulatory bodies. Moreover, they should perceive competitors as potential partners rather than rivals.

CabStartup wants you to make your mark in the vast rideshare market. It offers free taxi dispatch app solution for a trial period. Get your hands on our product right now to test its efficiency.

By Shahrukh Satti 0 Comments

Cloud-Based SaaS – Redefining Taxi Business Architecture

A survey by Deloitte reports that 92% of organizations are either preparing or have already switched to cloud-based SaaS. With the current rate of transformation, the applications in 73% of companies will be running entirely on SaaS by 2020. These overwhelming statistics of cloud adoption are results of the remarkable on-demand economic boom.

Although businesses in every industry are reaping the benefits of SaaS, yet taxi, courier, and transportation industries are some of the primary beneficiaries.

Given the significance of cloud-based Software-as-a-Service (SaaS), it is essential for new entrepreneurs to learn about an otherwise well-known model. Software-as-a-Service is a replacement of the traditional approach of using on-premises software. The system resides at a remotely located server and customers can access it through the web. It provides the same services as an on-site system with incredibly higher efficiency and lesser costs.

Following terms in italics are used in the article interchangeably:
cloud-based SaaS, cloud-based systems, cloud-based software, and software-as-a-service

How to Optimize Business with Cloud-based SaaS Model?

Being an owner of taxi service or another means of transportation, one of your biggest challenges is to outperform competitors. Switching to a cloud-based platform is the most significant milestone while realigning on the road to business optimization. SaaS solutions optimize transportation and fleet businesses in the following ways.

Cutting Costs with Cloud-based SaaS solutions

Before SaaS, it is wise to assess the cost of on-premises software for comparison. The owners have to bear the costs of installation, deployment, configuration, and maintenance (IDCM). Besides, companies have to keep on-site servers and data centers. The cost this entire infrastructure multiplies each time an owner deploys same services at another location.

Incorporating cloud-based services brings a remarkable reduction in costs. There are no IDCM overheads because the responsibility for these tasks rests with service providers. In fact, one does not install a SaaS at all on native computers. Instead, software remains at vendor’s site, and customer acquires only the relevant part of software. Vendors configure and update software with appropriate patches, plugins, and functionality.

Moreover, companies do not need to add hardware including servers and their maintenance staff when scaling up to multiple sites. They can share the same SaaS solutions on new sites too. Purchasing software which would be used for a limited period is an inefficient approach. There are no or little licensing costs in cloud-based SaaS because the clients are only acquiring software for a limited time.

Remarkable Improvement in Performance

Out of the 92% organizations reported by Deloitte, 63% want to switch to SaaS to improve marketing speed. Moreover, 56% of the total surveyed companies want to incorporate SaaS for improved performance.

Acquiring SaaS enhances performance by eliminating the deployment and hardware procurement time. Cloud-based SaaS applications are turnkey systems which require no further on-site configuration. Customers can use it almost immediately after making the requisite payments. Owners do not have to update business infrastructure every time when the number of users grows to limit. Instead, they can easily scale up.

There are frequently occurring cases with on-premises approach when hardware is either incompatible or insufficient to run the software. In such cases, the progress stops or slows down unless hardware devices are replaced with effective ones. Cloud software services take the least of on-premises hardware and most of the network capacity.

In terms of transportation, organizations can streamline the process of booking, agent tracking, route finding, and communications. They can increase the number of drivers and ensure seamless performance during times of peak requests.

Seamless Deployment and Effective Evaluation

Cloud-based systems have the easiest deployment schemes. A user gets access to software as soon as one fulfills subscription requirement. Moreover, many owners of cloud companies provide the facility to rebrand software with organization’s name. For instance, CabStartup offers comprehensive cloud-based dispatch solution which allows transport owners to customize it as per their business needs.

Most of the business owners are reluctant to incorporate new technologies in fear of unproductive results. It makes sense because a substantial proportion of companies fail to redesign their architecture with improved infrastructure effectively.

With cloud-based SaaS, business owners can evaluate the effectiveness of software upfront. CabStartup allows customers to use its dispatch solution as a free trial before subscription. This ability boosts the confidence of customers to purchase the subscription if software efficiency is up to the mark.

Easy Maintenance and Flexibility to Scale-up

There is no need to have a tech-savvy system administrator for upgrading the software. Cloud-based SaaS companies run the update when one is available. This process does not halt the business operation of taxi services. In contrast, a traditional model requires setting up an environment which should be compatible with the new upgrade.

Maintenance and flexibility in traditional businesses are two of the chief causes of hidden costs. Lack of software efficiency provides another instance which surges undeclared costs.

The presence of SaaS in cloud-based environment allows integration with other software systems too. With an increasing number of users, taxi companies have to increase the number of drivers too. Owners can ensure this augmentation merely by updating their package so that they can get more server capacity.

Abreast with Latest Technologies

One significant benefit of cloud-based SaaS platform is the access to advanced technologies. Whatever the subscription be, companies usually offer the latest versions of software. This is not the case with on-premises software. A version released in 2019 is likely to be far more expensive than the one released five years back.

CabStartup also ensures that its customers use the most up-to-date and tested version cloud-based solution. It would be unwise to use an older version with limited capabilities despite the availability of a newer version at the same cost.

Customized SaaS for You

The growing need for SaaS pushed CabStartup executives to assist taxi and transport business owners in transforming their enterprise on a cloud-based SaaS. Today, taxi businesses in more than ten countries including the US use our software.

Do you own a taxi, courier or other form of transport business too? Start the free trial right now to test our comprehensively built cloud-based SaaS.

By Shahrukh Satti 0 Comments

Selection of Best Rideshare Apps with Evaluation Criteria

The number of ridesharing apps is growing every day in the US. Citizens often ask about the best app in terms of quality and financial management. Ridesharing drivers – which now account for over one percent of American households – also show keen interest.

It is unfair to decide about the best rideshare app based on a single parameter. Besides, it is also unwise to compare modules for passengers and drivers simultaneously since they significantly vary.

Analysts at CabStartup pick one rideshare app for driver and passenger each. Following is the criteria for best passenger side apps followed by editor’s pick.

Criteria for Best Rideshare Apps (Passengers)

The assessment of best rideshare apps varies for different ranking agencies. Some value user-experience the most whereas others emphasize security. Again others focus on economic factors. CabStartup evaluates ride-hailing apps for passengers based on the following evaluation criteria.

1. Economic rides

While having many options at their disposal, urban residents prioritize economy – particularly when they travel frequently. To ensure reasonable fare calculation, top companies are using multiple algorithms. For instance, an efficient system should calculate fare based on time consumed as well as by distance covered. Besides, driver and passenger should be able to pause meter with mutual consent and administrators’ approval if vehicle breaks down.

The app should allow carpooling to enable passengers to divide fare. However, carpooling should also ensure that it only picks nearby passengers to prevent excessive time consumption. Bonuses and promotions are parts of every ridesharing marketing model. Ineffective application of promotional discounts irks passengers who end up adopting an alternate option.

2. Availability

Saving money is a priority but time is money too. A corporate worker aims to reach workplace on time whereas a movie enthusiast wants to enter cinema before show starts. Every passenger values time. Thus, the vehicle should reach the riders’ location in at most five minutes. Besides, it should be accessible at all times including past midnight and peak time.

The number of operational regions is significant too. Via would have been the best app for passengers if it offered services in a considerable number of cities (No spoiler intended). However, it operates in only three US metropolitans as yet. Passengers who need to visit various cities should not require more than one app.

3. Payment Flexibility

It is rare to find a passenger who carries complete amount of dollars and cents in hard cash. Developers of app should not expect that passengers will pay full amount all the time. Thus, the top on-demand mobile apps provide the flexibility to pay via a range of methods. Credit Card and PayPal are most widely used payment methods in the US.

Moreover, top companies also provide the facility to maintain a virtual wallet. The passengers can recharge balance or pay a previously unpaid fare. In the latter case, the in-app balance appears with a negative symbol as a sign of outstanding payment.

Why is Uber best taxi app in USA for Passengers?

Uber is undeniably the best choice for US ridesharing consumers when evaluated with above three parameters. The fare calculation is the most reasonable with lesser per kilometer and minute charges. Moreover, the base fare is also less than other top apps. However, peak time surcharge is substantially higher.

Statistics from the company reveal that the service is available in 267 US cities – the most for any ridesharing service. By the end of 2018, the company held a 69.6% market share in the US. There is no significant drop in share despite growth of rival Lyft and scores of other businesses.

Although Lyft alongside other rideshare apps is growing with time, yet Uber manages to maintain its market share. Moreover, since March 2017, Uber attracted more customers than Lyft.

Uber offers a number of payment methods to facilitate passengers. Recently, it also started the facility of virtual wallet labeled as Uber Cash which enables travelers to fill the balance upfront.

Criteria for Best Rideshare Apps (Drivers)

The driver module of apps usually differs from passenger modules. Following points provide the criterion for citing best apps for Rideshare drivers.

1. Significant Earning without Influencing Owners’ Profits

Some apps are inefficient in calculating fare – especially when customers have promotional discounts. A percentage of revenue goes to company while rest of it is driver’s earning. The app should ensure that promotion and bonuses have little impact on owners’ profits.

2. Navigation system Integration

Route optimization is one of the most crucial aspects of ridesharing services. The driver should be able to find the most appropriate route to customer’s pick and drop off location. Two of the primary factors making route an appropriate one include distance and traffic congestion.

The integration of an effective navigation system enables drivers to save time and costs. Google Navigation and Waze are the most widely integrated systems by successful taxi apps.

Developers should ensure that the passengers are also able to track the ride and get an expected time of arrival. Both route navigation and tracking should be occurring in real-time.

3. Dispute Settlement

Research on ridesharing experiences of customers and drivers indicates that disputes are occurring more frequently than one would imagine. Hence, a robust scheme is essential for best rideshare driver apps which quickly and efficiently ensures settlement.

Effectiveness of customer satisfaction system is one of the key differences between traditional and on-demand taxi services. Traditional taxi management requires phone calls or in-person meetings for settling complaints. People rarely bother to go through this pain and prefer not to lodge complaints.

Therefore, a ridesharing app should have a comprehensive quality assurance and customer satisfaction mechanism.

Lyft – the Best App for Ridesharing Drivers in USA

Lyft is the most driver-friendly app as evident from its fulfillment of above criteria. Many independent studies find that Lyft pays its drivers more than other top ride-hailing companies in the US. Some credible observers also confirm Lyft’s claim of paying $500 million worth of tips.

Both Uber and Lyft have integrated route navigation and vehicle tracking systems. Passengers can track the ride in real-time while monitoring staff ensures surveillance. Lyft has an extensive system for customer support management which ensures that queries and complaints are settled in minutes.

Rebrand Our Uber App Clone

As our analysts find Uber and Lyft as the best rideshare service apps in the US, our cloud-based white label solution is a blend of Uber and Lyft characteristics. Besides, this solution also carries some unique features which are unavailable in top ridesharing apps including connection strength of passengers and drivers. It brings the flexibility to integrate more features in the future.

You can rebrand our white label solution for your on-demand ride-hailing business. Start your free trial right now to evaluate our solution.

By Shahrukh Satti 0 Comments

Notable Shifts in Transportation Industry Trends

Ridesharing industries are redefining the means of transportation for years. The success of objective aimed at facilitating the customers by providing ride at one’s doorstep brought huge fortunes for companies. Transportation industry trends for the current year indicate that the upcoming developments will further strengthen ridesharing industry.

Transportation industry in 2019 is mainly focused on introducing the variety in types of vehicles. Companies aim to entirely replace the existing vehicle types with autonomous and hybrid vehicles. Bike taxi is making massive gains in all parts of the inhabited world. However, paratransit is the area where most transport entrepreneurs are taking a significant interest.

Redefining Paratransit

Paratransit currently serves as the bridge between public transit and ridesharing systems. It boosts the element of inclusiveness so that every section of society may acquire decent transportation. For instance, paratransit is the top solution for disabled individuals and people trying to create a balance between time and cost.

Furthermore, analysts also forecast that paratransit will fuse distinct industries of ridesharing and public transport into one. Consequently, a passenger will be able to book a bus and a taxi from same mobile app. In an era where transportation industry is striving to facilitate travelers as much as it can,

Level Four Autonomous Vehicles

For over half a century, the manufacturers are trying to enable autonomy in vehicles. The degree of “self-driving” varies considering the expert opinion of previous decades. In the last two decades of past century, researchers failed to achieve a breakthrough in AI. Consequently, the pace of research in AI significantly reduced.

The turn of millennium brought a landmark achievement by the development of efficient machine learning algorithms. Besides, the parallel developments in computer vision also enabled the manufacturers to classify objects from a considerable range and with impressive accuracy. Since the limits of autonomy keep expanding with innovations, the analysts have defined various levels of autonomy.

As a standard, researchers consider automatic transmission systems as the first level of autonomy in vehicles. The two subsequent levels include cruise control and limited self-driving. This limited autonomy at level-three also includes maneuverability and speed adjustment.

Level-four autonomy is the focus of transportation as the transportation industry trends 2019 suggest. Waymo already kicked off level-four autonomous ridesharing cars in Arizona at the end of 2018. Many existing ridesharing companies and emerging startups will follow in the footsteps of Alphabet Inc. to incorporate autonomous cars. With such a degree of autonomy, a vehicle is entirely capable of decision-making under all circumstances. However, Waymo keeps a driver only to intervene in extremely unusual situations.

Entirely driverless vehicles may not be the last level of autonomy – unlike widespread belief. The understanding of customer behavior will enable the manufacturers to customize the car’s environment as per passengers’ wishes.

Shoot with a Scooter

With excessive traffic, regulators are facing a tough challenge of streamlining the traffic – notably, during peak hours. Many industrialists consider scooter as an appropriate alternative. The scooters remained the first choice of courier delivery companies which are now transforming to adopt drones. However, drones are highly unlikely to start commercial ridesharing operations before 2023. Thus, transformation toward scooter is sustainable development.

The scooter services introduced by some transportation giants managed to sustain despite strong opposition from various segments of society. One of the primary concerns of critics is the absence of dedicated bike lanes. These bikes manage to drift between cars and trucks, but often slow down the traffic.

Nevertheless, bike-taxi service will flourish because it facilitates users. Some of the metropolitan administrations in the US are arranging to regulate bike traffic by allocating fixed lanes. The regulations will not only assist administration but passengers and service providers too.

South Asian countries with massive population densities are facilitating scooter ride startups. For an intense insufficiency of MaaS infrastructure, scooter service is the best bet.

Championing Biodiversity with Electric Vehicles

North America and Western Europe are leading with activities for preserving biodiversity. Environmental protection is becoming part and parcel of corporate laws. Administrations encourage businesses, often sponsor the ones, which travel extra miles for maintaining ecosystem.

The transformation toward electric vehicles is attaining a remarkable pace. Travel and transportation industry trends highlight that the major ridesharing and commuting firms in developed world are aiming to adopt electric vehicles completely. In developing nations, the under-availability of electric cars and poor legislative framework allow companies to continue with same thermal vehicles.

The rapidly growing competition is pushing ridesharing companies to introduce electric vehicles before rivals. Passengers also want quick transformation toward electric cars. A survey indicates that up to 85% of passengers can tolerate slight delays in return of environment protection through electric vehicles.

Toyota’s one billion dollar investment in Grab is intended to introduce its Fuel Cell Electric Vehicles in ridesharing. This introduction will also motivate other services to acquire electric cars.

Mobility as a Service

The apparatus for smart transportation system is almost complete. Vehicles offer an adequate amount of connectivity and autonomy. Electric vehicles are already commercialized since long. Now, the ridesharing and commuting companies are waiting for implementation of a comprehensive framework which regulates a network of mobility. A shared network of transportation with mutual control center will emerge soon.

Analysts expect that some cities may feature a limited version of shared Mobility as a Service before 2019 concludes. Governments are welcoming the recent startups as well as established companies to start shared mobility in businesses’ capacity.

In the long run, shared mobility will also include drone taxi. The air transportation industry trends indicate that 2019 and a couple of subsequent years may not see a flying taxi. Nevertheless, they are inevitably going to extend MaaS in the upcoming decades.

Future trends in transportation industry – particularly the ones in 2019 – indicate some drastic changes. The major shareholders in the industry are already preparing to implement one or more of these trends. However, the probability of success for startups is remarkably high due to the demand for these services.

Move ahead of your competitors by incorporating one of these futuristic technologies. Start your free trial with CabStartup today to customize our framework to your business needs.

By Shahrukh Satti 0 Comments

Radio Taxi in Era of Ridesharing and Public Transit

The entrepreneurs are often uncertain about picking the right industry for investments in transportation. In urban regions around the world, services offering radio taxi, ridesharing, and public transport are major stakeholders. Although each of these industries provides limitless opportunities, yet a comparison is must to find the best choice.

Ride-hailing and commuting industries have wide-ranging dynamics. There are circumstances when urban transportation industries supplement each other. However, it may not be the case all the time.

Similarities in the Three Industries

  • The market share of each of these industries overlaps. Many commuters take more than one traveling mode. For instance, a passenger may utilize a taxi as well as public transport for the same trip. In some cases, this overlapping increases competition whereas they complement each other in many circumstances.
  • Top businesses in all three industries work in collaboration and partnerships with auto manufacturers. This practice enables both commuting and vehicle manufacturing industries to cut costs and enhance profits.
  • Each service plans to introduce level-five autonomy for radio taxi service by the end of 2030. Level three was commercialized a few years back. Some ridesharing companies – including Waymo from Alphabet – are introducing level-four too. Autonomous vehicles are part of the global vehicle traffic sustainability program.
  • Ride-hailing services from every industry are incorporating IoT devices to create a connected environment. In such a setting, commuters can connect with service providers without meeting in-person. Apart from booking rides, connected vehicles also provide the ability to control utility operations through voice commands.
  • By creating a shared environment, every commuting service operates in a shared space. In such a space, vehicles communicate with each other so that riders take the nearest vehicle, may it belong to any industry. Analysts project that shared spaces will be part of smart cities in the upcoming five years.
  • Electric cars are rapidly growing in numbers. Regulators also promote these vehicles since they leave a small carbon footprint.
  • Each of the three commuting industries is playing a role in phasing out private vehicle ownership. By significant improvements in radio taxi cab, ridesharing, and public transport, number of private cars will be very limited by 2025.

These similarities inform little about the distinct strengths and weaknesses of each of these industries. However, their operations fundamentally vary.

What is Radio Taxi?

Radio taxi services enable indirect connection between commuters and drivers via a third agent through phone call. An aspiring passenger calls the service center to seek a taxi and shares one’s location. In response, the agent finds the taxi that is available nearest to customer. Radio signals emitting from a device in taxi allows agent to find the location. Administration monitors this system with radio taxi scanner app.

The monitoring staff including call redirecting agents can operate from a remote location through an admin panel. This service is the best choice for investment in regions where smartphones and high-speed internet is unavailable. Some companies are also introducing radio taxi app for administration.

Decades back, the introduction of radio taxi dispatch system was aimed at replacing public transport. Although this service did not replace other means of transport, yet it created its space in commuting market. With 4G internet availability, ridesharing services are growing in cities. However, radio taxi is cheaper than ridesharing for lower cost of operations. Many regions are highly unlikely to get internet in upcoming times.

Besides, radio taxi GPS system ensures more security of drivers and passengers by registering vehicles against each driver. Every driver should be qualified for official transport badge apart from the license. The unavailability of this regulation in most of the ridesharing services is a drawback of ridesharing industry.

Despite significant gains of ridesharing industry, radio taxi managed to keep its share of urban transport market. This factor indicates that radio taxi industry is not facing any immediate threat from competitors.

Ridesharing service

On-demand ride-hailing is one of the fastest growing industries. By 2017, the market of ridesharing topped as high as $36 billion. At the current growth rate, this value will reach a massive $285 billion by 2030. Ridesharing is dominating every region where the services are available. The companies in this industry are among the top billion dollar businesses.

Comparing on-demand cab with public transit and radio taxi in the past decade reveals higher probability of success for ridesharing. Services like on-demand shuttle will increase efficiency by transporting more people without consuming excessive space.

Moreover, innovations like Uber-Bell Nexus will satisfy customers as well as regulators. It will assist in solving traffic problems and will yield decent profits in the process.

However, regulatory problems pose some threats to ridesharing industry. Regulators around the world are demanding service providers to register vehicles and drivers with official transportation bodies.

Public Transportation

Radio taxi and ridesharing may impact public transportation, but it will maintain a considerable proportion of commuters. There are a number of reasons.

1. Subways and buses are the best choices for inter-city traveling – especially when the distance is under 200 miles. Public vehicles have dedicated roads which allow them to traverse distance in substantially lesser time at high speed.

2. A significant percentage of commuters prefer cost over comfort. Although modern public transit systems ensure comfort, yet the passengers need traveling to the station. For this reason, analysts project that public transit is irreplaceable.

3. The sustainability goals of the United Nations include reducing the number of vehicles. Since public transport enables hundreds of people to travel simultaneously, it eliminates the need for vehicles for individuals.

It’s Your Turn!

The comparison between three major players of urban transportation indicates that ridesharing and public transport are not threatening the existence of radio taxi. Investment in the most appropriate market ensures remarkable returns. Besides, efficient technological incorporation enables the transporters to streamline their business operations.

Reach the top of urban transit industry with our matchless ride-hailing framework. Do you lack the technical background? You can customize the framework as per your business needs without technical understanding! Start your free trial today.

By Shahrukh Satti 0 Comments

The Advent of Mobility as a Service and Transportation Conquest

The constant increase in the number of vehicles will saturate the cities. Many governments seeking sustainable economic and environmental solutions are searching for alternate ways to replace private ownership. The advent of on-demand taxi solutions was a giant leap in this direction. Now, the urban administrations expect shared mobility as a service as a complete overhaul of the traditional transportation system.

Private vehicle ownership is not only causing problems for regulatory institutions but the owners themselves too. Keeping a vehicle is becoming more of a bane than a blessing. Commuters are expecting a solution which saves money as well as time for them.

What is mobility as a service?

Uber and a bunch of other ride-sharing apps offer a shared environment where riders can acquire on-demand taxi. This rising concept is the beginning of an era where private vehicle ownership will be a thing of past. There is a gradual shift of riders from using private vehicles to shared ones.

The success of this business model encourages the businesspersons and metropolitan administrations around the world to scale up these services to include entire public transportation. The inclination toward public transport will pick up more pace. Consequently, the residents of major cities in the world will entirely quit private car ownership to embrace mobility on-demand.

The scaling up of services would result in a centralized operation of all modes of urban transport. Instead of disparate command and control center for various means of traveling, the administrators are preparing to offer a universal regulatory system for taxi services, subways, rapid transits, and bike-sharing. Thus, the future is not confined to car mobility as a service.

Drastic Reduction in Traffic congestion

Every vacant seat indicates the inefficient use of a vehicle with considerably greater capacity. Over 80 out of every 100 cars on average in the US metropolises have at most two riders. People tend to use private cars to travel to workplaces leaving a substantial amount of space in public vehicles. As a result, frequent traffic congestion is inevitable.

On-demand cab service only partially solves the challenge of transportation. The traffic problems still haunt the administrations. Nevertheless, some startups have begun to offer single seat instead of an entire vehicle. Via – the on-demand shuttle service – is a highly efficient model which serves as a precedent. The introduction of Via allowed many vehicle owners to quit ownership in favor of Via. The service ensures that each vehicle fills more than 80% of the seats. Thus, every vehicle in on-demand shuttle service eliminates many vehicles from roads and parking.

Reoccupying public spaces

The need for more spaces increases as the number of vehicles grows. An area that could have served as a community center or recreational facility ends up becoming a car parking facility. Unfortunately, the speed with which the public spaces are diminishing is alarming.

The primary objective of private car ownership was to ensure that people could save time. Unfortunately, the relentless increase in traffic indicates that the private ownership model is no longer a sustainable solution. Vehicle owners are spending almost the same amount of time on roads as public transport users. Thus, the city administrations will welcome any mobility as a service app which allows reduction in vehicle ownership. Surveys reveal that the passengers will voluntarily cease to keep private vehicles if an appropriate alternative is available to them.

Global warming Social responsibility

Another reason for quickly adopting shared mobility as a service is to fulfill social responsibility. Millions of vehicles running in urban areas are causing havoc to biodiversity. Apart from health hazard, pollution from vehicles is one of the major causes of climate change. The introduction of electric cars ensures a remarkable reduction in pollution. However, electric vehicles leave a carbon footprint too. However, the benefits of electric vehicles will fade out with the increase in the number of cars.

Therefore, the shared digital mobility is indispensable. Citizens are as concerned about the pollution factor of vehicles as the regulatory bodies. For the same reasons, both preexisting and new mobility services are ensuring shared on-demand commuting services.

Travel costs

Shared mobility is currently the most cost-effective solution to tackle increasing fares of ride-sharing services. Instead of a single person paying for the ride, multiple travelers occupying every seat will be able to distribute the fare. Moreover, service providers can offer various packages to frequent travelers. These packages will not only benefit the commuters but the transporters too.

The taxi on-demand service managed to bring significant relief to travelers by offering relatively far lesser taxi fare. Shared taxi services will cause an exponential decline in fares favoring the riders without affecting business profits.

Various Rides, Mutual Account

Currently, passengers can access taxi at their doorstep using a smartphone. Similar services enable them to find bike, vans and other modes of commuting. An average commuter has to maintain at least three different accounts for seeking commuting services and paying for it. Therefore, this excess of accounts disables them from effective financial management.

A mutual account for various ride services allows the commuters to have same account for rapid transits and cab services. This account enables them to keep the record of fares easily. Üstra offers a similar scheme with the assistance of Hanover administration in Germany. The travelers can pay for bike-sharing, cab, and buses with the same account. Hence, commuters experience a shared public transport environment from cycle to bus.

Onwards and Upwards

The appropriate legislation is one of the mobility as a service challenges. Fortunately, the successful implementation of shared mobility in some cities including Hanover and New York is encouraging regulators around. Analysts expect that all the metropolitan cities will introduce large-scale mobility as a service by 2030. The system will bring all the urban means of transportation under one centralized umbrella in each city.

The remarkable benefits of mobility as a service bring an unprecedented business opportunity for entrepreneurs. The investors who act today will be the leaders in transportation of tomorrow. CabStartup is as excited to make you a leader as yourself. Sign up today to start building.

By Shahrukh Satti 0 Comments

Machine Intelligence Unleashes Autonomous Transportation

The current decade is not only significant for automobile manufacturer for commercializing autonomous vehicles. It also witnesses the landmark achievement of autonomy in the ride-sharing industry. Artificial intelligence laid the foundation stone to achieve these feats. Machine intelligence in transportation is a crucial component of future urban mobility.

The transportation monetization with AI will be valued at $750 billion by 2030 if it continues to grow at the current rate. Inexperienced researchers, as well as entrepreneurs, should know the steps that enable the autonomous cars to drive without human assistance.

Various components integrate to achieve a common milestone of uninterrupted mobility.

A completely autonomous vehicle is equipped with multiple sensors intended to achieve distinct tasks. The processors analyze the data from various sensors to enable smooth movement. This data integration occurs in real-time to allow a vehicle to make swift and appropriate decisions.

Computer Vision Sensors

Most of the current self-driving vehicles primarily use a single camera mounted on the windscreen. However, many auto manufacturers are introducing multiple cameras to increase visibility. The analysts believe that single camera version may work well on highways with less congestion. However, the urban downtowns and narrow pathways require far greater visibility.

Latest models of autonomous vehicles use a combination of four to six cameras covering 360° around the vehicle. Computer Vision (CV) algorithms power these cameras to detect objects ahead and around them.

The CV libraries use various machine learning techniques to detect the objects. The developers can customize the libraries to make a distinction between different objects. They need to predefine the region of interest (ROI) before algorithm undergoes supervised training.

Radar Sensors

RADAR is the current standard for assessing the distance and volume of objects around a vehicle. It uses medium and short-range radio waves which share the information of nearby objects after striking them.

The vehicles equipped with RADAR no longer require side-mirrors because any vehicle can estimate distance of other cars by using radio waves. Apart from lane changing assistance, the RADAR also enables the vehicles to maintain a safe distance, and park efficiently.

Currently, machine learning in transport management works in conjuncture with 24-GHz RADAR. However, 122 GHz technology is in the final testing phase and may soon be available by early next year. Besides, observers expect monolithic System-on-Chip technology to make way into the industry to integrate baseband functions along with RADAR.

LiDAR Sensor

While RADAR is already increasing the efficiency of self-driving vehicles, the LiDAR sensor set to completely transform them. Instead of radio waves, LiDAR uses laser light. Since the wavelength is relatively much shorter than, the system should comprise an intensely sensitive receiver apart from the transmitter. The shorter wavelength ensures greater frequency which allows the laser to penetrate the object.

This penetration assists the LiDAR system in modeling a 3D sketch of the object. High frequency also allows the system to work effectively under inclement weather conditions. In contrast, the environment significantly affects the efficiency of RADAR.

InnovizOne – one of the winners of CES Best of Innovation Awards – is a LiDAR technology equipped with the ability to detect objects as far as 250 meters from the vehicle. Owing to LiDAR technology, the device is resilient to harsh weather conditions. This gadget can track objects in real-time apart from detecting lanes. Moreover, it can also classify objects boosting the machine learning in transportation engineering.

Such inventions ensure that auto manufacturing giants will be able to reduce accidents up to a remarkable degree. The machine learning in transportation business will soon allow complete elimination of vulnerability. Since 94% of car accidents involve human error, autonomous cars will significantly bring down the percentage of crashes.

Machine Learning and Coordinate Resolution

The transport industry is one of the chief stakeholders of GPS technology. Every driver with smartphone access may find the one’s pinpoint location in the remotest regions using the GPS. It does not require internet connectivity.

Machine learning enhances GPS use by providing highly-efficient route optimization. Correct implementation enables the optimization algorithms to detect narrow streets and parking lots too. The AI in transportation ensures that the vehicle makes better route selection decisions without affecting the mobility of nearby vehicles.

Finally, the data from all the sensors, cameras and GPS capacitates the vehicle to drive without driver’s assistance. Level-two autonomy also features cruise control where the vehicle moves without interference from the driver. However, cruise control can only be enabled in certain conditions.

Challenges and Notable Breakthroughs

Although the application of machine learning in transportation fared very well, yet administrators and auto-manufacturers need to overcome a few shortcomings too.

  • The RADAR sensors with 4-GHz bandwidth for 79-GHz frequency would be the ideal case for smooth running of traffic. However, most of the countries currently allow 77-GHz frequency with 1-GHz bandwidth. Nevertheless, regulatory framework is under development with a breakthrough expected soon.
  • The improvement in LiDAR technologies is enabling the manufacturers to use the alternative option of RADAR. The logistics giant DHL announced the use of AI transportation logistics to inducing more stability to the fleet industry.
  • Up to a few years back, consumers were reluctant to using autonomous vehicles for fear of collision. However, they are rapidly gaining trust. The introduction of Waymo in Arizona is a massive development causing a remarkable enthusiasm among travelers to utilize autonomous ride-hailing service.
  • The governments around the developed world are devising a comprehensive framework for autonomous vehicle industry. Most of them already allow incorporation of self-driving vehicles in for urban mobility.
  • Although contemporary transportation systems lack a shared environment, yet upcoming times are set to witness the distributed mobility mechanism controlled from centralized locations. This will allow efficient use of vehicles and will prevent traffic congestion.

Machine intelligence in transportation is very close to achieving an autonomous urban mobility model. The rest of the tasks are only a matter of small time because most of the testing and requisite legislation has already been done.

Meanwhile, investors have an unparalleled opportunity at their disposal to become one of the pioneers of autonomous ride-sharing service. Regardless of the amount of technical understanding, you can be the industry leader too. Sign up today to get going.

By Shahrukh Satti 0 Comments

How Technology Can Help the Taxi Industry?

The technology and taxi industry are complementing each other which is gaining momentum day by day. The taxi industry caters for about 15 million commuters a day, that include workers, school goers, and women. It is the most used mode of public transport, which is making an estimated R90 billion annually.

Technology has adopted by various taxi companies. Uber and Grab are big names that are getting great benefits using the taxi app dispatch solution. Seeing their success, different taxi companies are using taxi apps to boost their business revenue.

Significant changes are undergoing in the taxi industry. Ten years ago, the norm was to wait for a cab to get a ride. However, technology has paved the way for massive change, influencing the entire industry. Now, businesses prefer using white label taxi dispatch solution. Many taxi businesses use CabStartup white label taxi dispatch and fleet management system as it is efficient and productive for managing taxi businesses.

The taxi industry has become competitive because of the arrival of various taxi companies that are continuously rising in number to fill the rising demand using the white label taxi dispatch app.

The use of technology is significantly contributing to dealing with the challenges faced by the taxi industry. The purpose of technology is to meet consumer needs by adopting latest technologies like Uber and Lyft, thus improving the taxi industry.

These apps are becoming more convenient for smartphone users. Taxi companies manage their routes, fleet and keep track of their members for emergencies using these efficient ride-hailing apps.

Ride-hailing industry estimated global worth is $108 billion. Currently, there are on average 15 million ride-hailing apps globally which are expected to rise to 97 million by 2030.

Service Strategy:

The goal of Uber and Grab is to retain drivers and passengers by providing excellent quality service. Most of people prefer using them because of various benefits and convenience it offers. Their goal is to pick the passengers on time and drop them safely at the said destinations. Passengers expect a certain level of comfort from Uber, Grab or any other similar taxi company.

Benefits of Using Technology in the Taxi Industry:

There are multiple benefits of using technology in the taxi industry. Below are some of them:
1. You can hire a taxi at any time of the day
2. You can book a taxi either from your mobile phone, laptop or tablet.
3. You can cancel the booking if you don’t need a cab anymore.
4. You can share your route, details of the trip with your partners or friends if required.
5. You can book a taxi in advance for a few hours later ride.

Taxi Apps for Ease and Efficiency:

The introduction of taxi apps has seen a dramatic change to the old norm. The customer does not need to wait for long times as bookings are made on the phone using the taxi app.

CabStartup has developed apps for some of the world’s leading taxi companies, helping them to stay competitive. It helps to book a taxi with an app, leading to a streamlined and efficient system for taxi companies.

Transparent Cost:

Driver app shows the nearest fares to the driver within a particular area. The app shows customer’s fare by considering the distance, time of day and traffic. Most taxi apps employ cashless payment methods like credit/debit card. With the latest payment technology, passengers can pay faster than ever before.

The calculation is completed before the driver has arrived at the customer’s pickup location, putting customers at ease over the price of the journey and ensuring a fair system for drivers.

Ensure Safety:

Taxi drivers submit their details to the company before providing their services. Their services are monitored in different ways. They are licensed professional drivers, therefore; taxi companies ensure safety of their passengers.

Efficient System:

The decrease in calls is most likely in a traditional system. On-demand mobile apps allows customers to get the services using the efficient system. It also decreases confrontations between drivers and customers. CabStartup implements a driver rating system to ensure drivers are professional in driving and providing customer service. It adds peace of mind for the potential passengers.

Cloud Dispatch Systems:

Cloud dispatch system are the best examples of using technology that are helping business owners in bringing efficiency to their business and increasing revenues. GPS tracking feature is used in the fleet management system to locate its drivers.

Drivers can pick the customers within two minutes. It is an automated system that offers a comprehensive solution in terms of efficiency and productivity. The taxi company gets an efficient booking system from a reliable mobile app development company to maximize their ROI.

Taxi apps allow the efficient system, reduce journey time, increase safety, and improve the business flow. Technology enables the taxi industry to undergo a remarkable change.

We provide a white label taxi dispatch solution for taxi companies all over the world. It is an efficient and comprehensive solution that can be customized according to the business requirements. If you are looking for a taxi dispatch app solution, Sign Up today!

By Syedah Mahtaj 0 Comments

Unsustainable Taxi Startups in a Prosperous Industry

Since the inception of smartphone revolution, an impressive number of startups made their mark on various industries. There is a significant increase in the rate of emerging businesses owing to the remarkable developments in technology. Taxi app companies alone are the reason behind an industry worth $40 billion. However, many taxi startups fail to sustain for longer periods due to inflexibility in the business models.

One of the previous articles explore the reasons behind the most successful taxi app solution. Contrarily, this article discovers the causes of failure – specifically, due to the deficit of sustainable policies. It also mentions brief case studies and recommends an appropriate path to ensure sustainability. Although a substantially high number of taxi businesses flopped, yet this text emphasizes the ones which nosedived after making a decent start.

Lack of persistence remains the primary cause behind flopped cab startups.

Karhoo

It was a promising initiative started in London. It raised sizable funding within weeks of its launch. The taxi app attracted over 0.3 million users in the first couple of weeks. The business model was disparate to the existing companies but was favorable. It did not challenge the established operators since Karoo did not keep paid drivers. Instead, the London taxi app complemented the competitors’ productivity by finding rides for them and got a commission in return.

However, Karhoo went into bankruptcy in less than six months after making a dream start. The executives invested in subsidizing the rides to increase the user-base since they were expecting funding from multiple sources. Although the company was attracting investors, yet none of them promised the cash flow.

Consequently, the taxi app business ran out of money. The employees worked without salaries for few weeks before succumbing to the impending bankruptcy.

Sidecar

Analyst labeled it as one of the fiercest competitors of Uber and Lyft. One significant element that distinguished this on-demand taxi service from the giant competitors was the ability to incorporate new features. The features like rating drivers and choosing the driver of choice apart from others made the company stand out. These driver friendly policies were highly praised in the industry.

However, Sidecar failed to address the problems of users – the actual force behind the business. While Uber app and Lyft allowed booking in three taps, Sidecar required traversing through multiple choices before finally getting a ride. In an industry where most of the consumers require quick actions, Sidecar took few minutes to schedule a ride. The time driver took to reach the pick-up location was aside.

Uber in Korea

Despite making impressive gains around the world, Uber failed to attain traction in a developing country as good as South Korea. In all these years of Uber’s global success, it could only introduce and sustain UberBlack in Korea – that too up to a minimal extent. The core cause holding Uber is the firm grip of the local taxi union and strict regulations from government.

Amid such circumstances, CallBus – a local startup – successfully started and consolidated its position. CallBus founders learned from the case of Uber and introduced a service which did not pose a threat to taxi businesses. It offers only the night time services. During these hours, the number of taxi drivers is extremely low, but the passengers are somewhat higher.

In-depth Failure Review

The primary reason for failure of Karhoo was the lack of sustainable funding. The company made excessively ambitious plans considering the initial influx of money. However, it choked in the long-run as investors delayed the promised money. Taxi app industry requires promotional packages to attract customers, but this practice should not stand at the cost of entire volume of bankruptcy risk.

The acquisition and successful remodeling of Karhoo by Renault indicate that solid funding source can sustain business considerably long time.

The case of Sidecar indicates that the on-demand taxi companies should emphasize customer journey map – the hypothetical paths which customers travel to acquire services. Sidecar introduced many exciting features which the top taxi apps could not offer by that time. However, it missed on one of the crucial elements – customer facilitation.

The case of Uber presents a significant factor for the success of any startup – the respect rendered to and collaboration with the local community. The government disregarded the stature of Uber and all the facilities that it could bring to the riders in favor of local taxi community.

However, CallBus is successfully running by targeting the areas where service was insufficient to meet the demand. Apart from night-only services, the company employs taxi drivers who are helping them in attaining support in the taxi union.

How to sustain business in dynamic taxi app industry?

By considering the three cases and a bunch of other studies, one should ensure that the startup complies with the following principles.

  • Avoid expansion in regions where an adequate amount of funding is unavailable. One should make sure that the prospective investors make an investment before starting on an ambitious plan.
  • Cosmetic changes in taxi app should be among the last features to add. The on-demand cab startups should strive to eliminate any shortcomings which prevent customers to prefer the service over its rivals.
  • Regardless of the size of business, the local regulations the primary factors to consider while scaling up. The service should be tailor-made to cater to the specific needs of the local community.
  • The companies should ensure to embrace newer promising technologies. It is notable that technology, which disrupted the traditional taxi business, can uproot current businesses too. Thus, the incorporation of technology is essential. Uber already revealed plans to introduce flying pilot-less taxi to address the growing traffic concerns.

Invest Where it Matters

It would be highly inappropriate for a taxi app business to flop despite knowing the causes of failures. The demand for services is big enough that arrival of many new successful startups will not create saturation. All a business enthusiast needs to do is to ensure the facilitation of customers and to invest in the appropriate technologies.

Your taxi startup should not lead to failure as long as CabStartup is the underlying platform. Start your free trial today to evaluate our platform. Let’s grow together!

By Shahrukh Satti 0 Comments

TED Talks Emphasizing Smart Technology for Future of Mobility

The invention of combustion vehicles over a century back was a result of the necessity of times. People required quicker ways to reach destinations to spend time on other useful activities. Vehicles allowed them to replace carts and the innovation was termed as the future of mobility.

The current vehicle traffic mess poses the same question which the mankind addressed over a century back – How to quickly and economically move around cities? This question follows from the fact that commuters spend a considerable part of their days while riding a public bus or driving. In 100 years of time, the commuters are wasting nearly same amount of time on traveling inside cities.

TED Talks highlight undeniable problems with contemporary mobility.

Research estimates that around a staggering 70 million new vehicles hit the roads every year. The widening of roads and extending the highway network would barely help in future. This policy is already choking up. Major cities are going to reach the saturation point soon where no more room would be available to accommodate additional vehicles.

There is a substantial number of other factors which will eventually fail the current traffic model. The cost to minimize the effect of climate change is peaking to new heights. The electric vehicles provide some relief. However, the humongous number of increasing cars will ultimately cancel the effect of battery-run vehicles.

One of the core problems is the vacant seats in almost every other automobile. Credible surveys reveal that 85% of vehicles in the morning carry single person. This percentage indicates that every 85 out of 100 cars cover a sizable amount of highways transport. This is because the least number of people traveling in these cars. This is the existential crisis with the concept of private vehicle ownership.

The rising number of automobiles do not only create clogging on highways. Estimates reveal that 30% of the bottle-necks on link roads are the result of few drivers searching for parking.

Some people view the extension of public transport as the most viable solution. Indeed, it can serve cities in a much better way if the administrators integrate advanced technologies. Subways and metro buses allow hundreds of thousands of commuters to travel each day eliminating the need to carry private vehicle. However, public transport is subsidized by taxes to meet the huge operational costs. Besides, the frequent stops on the way to one’s destination cause delays for the commuters.

Fortunately, research enables us to implement sustainable solution up our sleeves.

The researchers have been able to suggest a number of alternatives to the current commuting system. In fact, some city administrations around the developed world are testing the remarkable concepts. These concepts define much more sustainable mobility solution.

TED Talks transcripts reveal that speakers including Wanis Kabbaj, Ryan Janzen, and Oren Shoval believe in technology to completely eliminate traffic problems in cities. They do not only suggest the solutions to frequent clogging but the woes of lack of space on public vehicles and excessive room in private ones. They are no more concepts as many of these systems are well tested.

On-Demand Dynamic Bus System

Usually, single or a couple of people travel in the five-seat vehicle while rest of the unoccupied seats collectively create massive inefficiencies. The 85 people traveling on 85 different vehicles could all have fitted in a single bus.

On-demand commuting and traveling industries are already flourishing at a remarkable pace. Near future will entirely eliminate private vehicle ownership. The on-demand shuttle service will take its place where commuters will be able to book a seat instead of occupying entire vehicle. Oren Shoval, the owner of Via – the first shuttle service of this kind, mentions that the future transportation will ensure efficiency.

One significant point is the fact that DBS challenges the traditional model of stopping at fixed locations to pick commuters. Instead, the travelers can acquire any vehicle in the pool which is nearest to them.

The current leaders of on-demand taxi services did not primarily offer the ability of car-pooling. However, many of them followed in the footstep of Via. Many of them still allow a single person to book the entire vehicle. Car-pooling applications initiated by Via will ensure that vehicles leave none of the seats empty. On-demand shuttle is not only an alternative to private automobile ownership but the future of mobility as well.

The model works well because most of the private vehicles owners are ready to quit keeping cars if the administrators bring a fitting alternative. The system makes sense for the commuters as they share very encouraging feedback. In all three cities where Via operates, the travelers want more vehicles to meet the demand.

Tackling delays with Bus Detaching

One of the challenges – and drawbacks – of public transport is the time it takes for almost every commuter to reach destination. The bus or subway train stops at multiple stations before the commuter reaches the desired station. The inadequacies of public transport are understandably one of the top TED Talks topics from recent years.

The concept of ‘bus detaching’ presents an impressive alternative. Instead of a bus making stops to pick up and drop off riders at multiple stations, a part of bus may detach to stop at station to drop people while rest of the other parts may continue the journey to the last station. By following this model, the regulators will no longer require an entire bus to travel through every station on the way.

Even if every station falls on the same road, the duration to stop by at various stations increase the travel time considerably. The worst is the case when a bus has to travel on various roads.

The concept of bus detaching is the most efficient known solution. It will not only eliminate the need to stop at various junctions but will also prevent same public vehicle to traverse multiple roads.

Stay Tuned

Fantasizing that preserving the current mobility model by building more roads and bridges to solve traffic problems is deceptive thinking. This approach is only going to make the mess deeper. Another article citing the solutions from TED Talks will be published soon.

Meanwhile, you may subscribe to the newsletter so that the copy of the remaining half is with you as soon as it is published. Moreover, you can sign up to start entrepreneurship journey in the transport industry.

By Shahrukh Satti 0 Comments

Future Transportation Trends Depict Dominance of Smart Vehicle

The current wave of industrial revolution redefines multiple industries. Many developed countries are working on raising smart cities with intelligent robots working in place of humans. The most notable factor of a smart city is the means of transportation and commuting. By assessing the research and development of recent times, one can forecast the future transportation trends.

This forecast does not depict the trends of distant future. Instead, the inhabitants of developed nations will witness the CASE vehicles roaming on the highways and narrow streets. The CASE – short for Connected, Autonomous, Shared and Electric – vehicles are the essence of prospective smart cities.

The consumers and entrepreneurs will not have to wait much to observe the CASE vehicles. Many companies are inching closer to reveal their products allowing the investors to revolutionize transport industry.

Since many investors are preparing to flow their money in this revolutionary idea, the aspirants should learn how the CASE concept will evolve the industry.

CASE vehicles will transform the Transportation in multiple ways

Economic Sustainability

The future transportation systems will ensure a three-way economic sustainability for investors, commuters and transport administrators.

Sustainability for Investors

Investment in electric vehicles significantly reduces the costs of operation. The US Department of Energy reveals that the fuel cost of a combustion engine is more than twice of that of electric vehicles. The investors can save millions of dollars annually with efficient fuel consumption. These cost-effective vehicles depicting future trends in public transportation move entirely on charged- battery.

The DOE also reports that the maintenance of EVs cost 35% less than that of the combustion engine. Moreover, the costs of EV maintenance are reducing with time as the number of parts is lessening.

Sustainability for commuters

The travelers and commuters will optimize their daily tasks by reducing the time and costs of traveling. The ability to pool the cars by multiple commuters will divide the fare. In fact, Uber and some other ride-hailing services already offer the option of car-pooling.

The commuters will not face the menace of traffic while commuting by CASE vehicles. An autonomous car is able to locate and identify any object from an approximately 250m distance. If the object is another CASE car, the two vehicles can also communicate with each other to adjust their relative speeds. Thus, the bottle-necks and traffic jams will be things of the past.

Environmental Sustainability

The environmental campaigns are strongly supporting the large-scale production of electric vehicles for transportation and commuting. Research indicates that cars with combustion engines emit three times as much CO2 as EVs.

Some buyers were reluctant to purchase electric cars owing to a severe deficit of charging stations. Nevertheless, governments are paying careful attention to increase the number of chargers to meet demand by the end of 2019.

Evolution of Transport Administrative Setup

The contemporary transportation requires extensive management on multiple fronts. In most cities, an entire section of traffic police maintains the flow of traffic and identify the violators.

Many urban administrations are implementing intelligent cameras which identify the vehicle and share the owner’s information with relevant authorities. The database connected with these cameras generates and sends an automated ticket to the offenders. This mechanism is still in the rudimentary stages, but experts believe that it will mature in less than a year.

The autonomous vehicles will further assist the administrators by eliminating the damages and fatalities due to accidents. Research unveils over 1.25 million annual worldwide casualties due to human errors. Analysts label the current status of self-driving cars as level 4.

Level 1 and 2 involved very limited automation as drivers controlled most of the functions. The subsequent level required only occasional intervention from humans while the vehicle was able to control every function. There is essentially no intervention from humans in Level 4. The vehicle requires supervision only in extremely rare cases. This stage is nearing its conclusion.

Final and forthcoming level will enable the cars to entirely decide in any situations. This level may take some time to evolve, but it will not affect the usual operations. Thus, the connected, autonomous and shared environment is highly effective for administrators.

Transport Business Development

The ride-sharing industry is the chief stakeholder of CASE integration in vehicles. Many transport, commute, and ride-hailing companies are investing a significant amount of money on what some call smart transportation system.

Uber is projecting a ride-pooling service with fully autonomous vehicles by the end of 2020. The company has also revealed the plans to introduce VTOL CASE aircraft ride-hailing. It forecasts to start the service in 2023. The analysts expect it to rule the future trends in air transportation. The aircraft called Nexus is a product of Bell which is in partnership with Uber.

Ford also plans to initiate autonomous ride sharing around the same time as Uber. Unlike Uber, the auto manufacturer will use their vehicles. Google’s parent company Alphabet already started their CASE ride-hailing service in Arizona. The service ensures level 3 autonomy where drivers sit behind the wheel to intervene once alerted by vehicle software.

The fresh investors can benefit as much as the established ones. An investor needs to make collaborations with leaders of multiple industries. For instance, collaboration with the auto manufacturer will ensure the acquisition of vehicles on discounted rates.

Moreover, the on-demand taxi concept does not require ownership of the vehicle. Instead, other investors may offer their vehicle to get a share of profit. The only expenditure is the development of an efficient mobile app which enables the companies to monitor and customers to book rides. Thus, an entrepreneur can start the ride-sharing business with little investment.

It is notable that the development is unlikely to result in unemployment hike. While the autonomous software will replace drivers, scores of alternate jobs will be created to govern the future transportation systems.

Act Now!

All these indicators highlight the significance of CASE vehicles in changing the future transportation trends. This is the appropriate time to invest as the smart industry is emerging. Careful planning and efficient implementation can make any startup as one of the pioneers of smart ride-hailing.

To initiate building the ride-hailing software, you can start your free trial right now.

By Shahrukh Satti 0 Comments

Forecasting the Top Ride Hailing Companies of Future

Like other industries, the fourth industrial revolution is causing significant transformation in transportation, commuting, and taxi hailing. None of the traditional taxi businesses has ever been able to reach a net worth of over a billion dollars. However, as many as seven top ride hailing companies have a market value of at least $1 billion. Analysts forecast that hundreds of companies will drift into the billion-dollar club in the upcoming decade.

It is noteworthy that the market value should not be the sole factor determining the top companies of future. Before sharing the brief case studies of top firms, it is essential to define a set of parameters to compose the list of top firms.

Following list reveals evaluation criteria in editor’s choice of companies.

  • Market value indicates the current leaders at the global scale.
  • The Compound Annual Growth Rate (CAGR) is a crucial parameter to determine the top companies. The parameter CAGR highlights the increasing annual demand for services of a company.
  • The criterion includes only the ridesharing companies with a minimum value of $100 million. This point is essential because the studies of failed ride sharing companies indicate that some of them managed to do well in the beginning. However, their systems were unable to sustain the growing pressure from users.
  • The tendency for adopting technology will be among the chief factors in the growth of ride-hailing industry.
  • Finally, the business idea will play one of the central roles in reshaping the index. Many startups are aiming to implement their unique models which may change the leaderboard.

The list below predicts the leaderboard of top ride hailing companies in 2025.

1. Uber

Uber is currently leading the market by miles. The company values at $120 billion by the 2018 year end. The volume is set to increase with the upcoming projects. The nearest competitor is far from catching up in the next couple of years.

The company operates in more than 70 countries now, and the number is expected to double by 2025. Uber’s service area in North America is much larger than Lyft – its closest rival in the region.

The company reveals a number of plans. It aims to introduce driverless vehicles in two years. Since the travelers had reservations about autonomous vehicles, Uber leadership was reluctant of incorporating the service. Nevertheless, the successful launch and operation of rival Waymo in Arizona after testing for millions of miles encourage them to introduce autonomous ridesharing.

Besides, its partnership with Bell is set to revolutionize the industry with Nexus – the pilotless VTOL aircraft. This machine will serve Uber as a taxi by 2023. The leadership believes that the ride hailing business model will receive an overwhelming response. Moreover, the low cost of operation will ensure to keep a high revenue growth.

The reputation of Uber dropped significantly in the past few months after public relations problem. These issues may slow down the progress. Nevertheless, the company is expected to stay on top by 2025.

2. Didi Chuxing

This Chinese company completing on average 25 million per day is expected to make remarkable gains in the upcoming decades. The company is already making efforts to reduce the gap to reach Uber. Didi operates in huge markets where population density is highest in the world.

Apart from the Asia Pacific, the company is rapidly growing in South America. It plans to start operations in urban settings of South Asia. Uber is already on course of revising its policy for Asia after tough competition forecast from Didi. The second most valued taxi startup in the world acquired a Chinese unit of Uber in 2016.

The domain of Didi increased overtime due to successful mergers of local taxi startups in China. The acquisitions of Didi Dache of Alibaba Group and GrabTaxi are notable.

However, the company struggles to define a comprehensive regulatory framework. The leaders spent considerable amount of resources on regulations but failed to enable the drivers to comply with it. It is also struggling on the technological front as the leadership is yet to share their AI and autonomous vehicle policy.

3. Lyft

Uber faces the toughest competition from its North American rival Lyft. Although the number of service areas of Uber is currently much bigger than those of Lyft, yet Lyft is rapidly covering the gap. It is also making gains by declining reputation of Uber due to significant PR incidents.

Both Lyft and Uber offer a range of vehicle types depending on the class they select. However, Lyft outperforms Uber in customer services with better cars and conflict resolution. The service is available in every state of the US and nine cities in Canada. It aims to grow the network in North America up to the level of Uber.

However, Lyft does not show intent to increase its global outreach in the next five years or so. With the same approach post-2025, the company may not remain in the top 10. This is because the countries with higher population density have significant business potential.

4. Grab

This East Asian company is backed by Didi to keep Uber from setting its foot in Asia. The firm makes the list of top ride hailing companies because it faces little challenge from current ridesharing giants. The leaderboard may change if a startup with considerable business model and efficient operations reaches the consumers.

5. Ford

The forecasts indicate that the top four will remain same as now. However, Ford will be the new holder of market share grabbing one of the top five spots. This assumption is based on concrete evidence demonstrating Ford’s five-year plan. The auto manufacturer not only aims to introduce autonomous vehicles but thousands of self-driving taxis as well. The scale of investment highlights the fact that the company is one of the major future players in transport industry.

The manufacturer does not limit this plan to taxi services. Ford wants to be the key player in smart cities with connected, autonomous, shared, and electric transport system. It will expand on the experience of Chariot, RideOS and Spin – its current transport subsidiaries.

The ride hailing demand is growing at a cosmic pace. Contrastingly, the service providers are falling short in meeting the demand. Thus, entrepreneurs have an incredible opportunity to acquire the flourishing market share.

Start your free trial today to implement your mobility startup idea.

By Shahrukh Satti 0 Comments

Ford and Uber Rule CES 2019 Tech Trends

The Autonomous Ride-hailing technologies kept on buzzing in the halls of CES 2019 events. Many nominees including some of the winners of Best of Innovation Award belonged to vehicle intelligence category. The tech analysts are certain that the self-driving cars and the technology associated to it remain the focus of innovators. While many auto manufacturers displayed their autonomous cars, Ford and Uber grabbed most of the public’s attention. Perhaps, this is why both companies are highly featuring in the 2019 CES tech trends.

This article looks into the ways in which the products unveiled by Ford and Uber at CES 2019 will revolutionize the urban transit systems in the near future.

Ford at CES 2019

Ford revealed its autonomous taxi service plan a several months before the start of CES 2019. The automotive giant is set to evolve the concept of mobility to an entire new level. It projects to start the self-driving taxis by 2021. Although Alphabet Inc. already introduced the autonomous cab service in Arizona few months back, yet Ford carries more ambitious plans.

Transportation Mobility Cloud

Ford does not make the highlight of CES for the first time. The manufacturer also made to the headlines last year when it unveiled the Transportation Mobility Cloud. The leaders at Ford believe that this cloud-based platform is going to connected entire mobility system for urban settlers.

Vehicles will be communicating with each other to keep the journey uninterrupted. This platform brings the world astonishingly closer to achieving the milestone of CASE – Connected, Autonomous, Shared and Electric – vehicles.

A number of tech companies are raised by Ford to test the TMC. Many established companies are also partnering with the manufacturer. These companies come from a wide range of mobility channels. For instance, Spin – a company providing dockless scooters – is in partnership with Ford to add the utility driverless utility to this service. RideOS is another company currently in collaboration with Ford. It offers to facilitate the autonomous taxi businesses for their deployment.

Chariot is a successful implementation of the TMC. This shuttle service enables the commuters to travel to work.

Impact of the TMC

Thus, the TMC enables the app developers to connect vehicles from every kind of transportation means. The widespread deployment of this platform will lead to one of the major accomplishments in developing the smart cities. Ford CES 2019 reinforce this assumption.

The most intriguing consequence will be the end of private ownership of vehicles. Ford is on the way to creating an entire new industry without disrupting the existing ones. For instance, the car dealerships will still be operating. The only distinction lies in the fact that the purchasing parties will belong to ride-hailing services. In essence, there will be B2B sales between automobile dealerships and transporters whereas B2C sales will halt.

Until now, Ford is yet to introduce its autonomous ride-sharing service. One can forecast the efficiency of the service by assessing the success of Chariot, rideOS and Spin. Ford is transforming the transportation industry in general and autonomous ride-sharing services in particular through its remarkable inventions. From bustling bus rapid transit systems to scooters roaming in the streets the impact is visible.

Uber at CES 2019

Uber is one of the primary stakeholders of contemporary commute industry. It currently keeps presence in over 70 countries. The pioneering experience of on-demand cab service adds tremendous value to its credibility. The consumers, investors and tech enthusiasts expect the major stakeholders from every industry to share notable inventions. Thus, Uber is preparing to move multiple steps ahead. Its partner reveals, arguably, the most attractive product in the list of CES 2019 tech trends.

Many analysts are predicting the massive vehicle traffic problems in the near future due to ever-increasing cars. The rate of increase in the number of vehicles is alarmingly high. However, the width of roads and alternate routes are not developing with the same pace as vehicle rates.

Uber-Bell Flying Car Nexus

The leadership at Uber is doing more than talking. Bell – one of the top partners of Uber – exhibited the flying vehicle named as Nexus. The VTOL-enabled aircraft is drawing widespread attention since Uber already announced to use this machine for their on-demand flying taxi service. Many commentators project the pilot-less aircraft to cause the same degree of transformation as the introduction of cars for commuting means.

By mid-2023, Uber wants to launch the service. This launch will undoubtedly be a giant leap towards the development of smart cities. The electrically powered, connected and autonomous aircraft wins the support from a wide range of public and corporate circles. These crafts with six fan pods will improve the quality of air along with the CASE vehicles moving on roads.

Impact and Challenges

By the end of next decade, the urban settlers might come across more air-taxi vehicles than the road-based ones. The travel time will be significantly reduced. Many companies are developing software which ensures detection and classification of objects with precision from a considerable range. The embedding of these products will continue the motion of aircraft and vehicles without interruption. There will be no wait time to allow the other vehicle to pass. InnovizOne Auto-Grade Lidar is one such product that managed to win the CES 2019 Best of Innovation award.

The 600 pounds Nexus can carry five people simultaneously. However, Uber is going to face many challenges before realization of this idea. The regulatory bodies are yet to approve this concept. They will decide after assessing all of the potential negative impacts on cities. They will also evaluate the security features by making Nexus to traverse millions of miles before its commercialization.

Commuters also carry fear to travel by a drone. Uber and Bell face a fierce competition to grab the major share of market because many other companies are collaborating to provide air taxi.

Ride-hailing industry is evolving with the advent of intelligent vehicles. There is a huge opportunity for the investors to own autonomous taxi businesses. To grow with us, start your free trial today.

By Shahrukh Satti 0 Comments

A Comprehensive Introduction to Ride-Hailing Industry

The global timeline of past two decades highlights the transformation of human civilization with the ethical use of digital technology. Smartphone, one of the most revolutionizing inventions, lies at the core of this evolution. The arrival of smartphones disrupted many industries. This advent allowed the software developers and entrepreneurs to make commuting easier by developing ride-hailing applications. This concise introduction to ride-hailing ensures to familiarize the entrepreneurs with the business requirements and industry trends.

Following are global trends in ride-sharing industry

Biggest Ride-Hailing Markets

North America leads the global industry by a CAGR of over 12%. Particularly, the United States is home to the most widespread on-demand taxi companies. Uber and Lyft are the top service providers, but other startups are also making gains.

Uber is making fast penetration in every region of the world. Currently, the service operates in over 70 countries. The nearest competitor operates far from reaching Uber – operating in less than half of as many countries as Uber. However, the market share is huge enough that the industry is far from the saturation point.

Although the US leads the world in developing the successful on-demand cab businesses, yet the most number of customers are in China. Owing to the massive potential, the local Chinese entrepreneurs are significantly investing in the business, and many of them have made substantial gains. Trailing the US, Indonesia also remains one of the chief contributors.

Being one of the pioneers of on-demand taxi service is not the only reason for Uber’s success. In fact, few startups implemented the business model before Uber but failed to sustain the revenues. The main cause was the deficit in innovation and integration flexibility. Uber growth owes to the remarkable planning and implementation by considering the regional consumer’s demand.

Revolution in Ridesharing Industry

Promising Markets

The market figures from around the world indicate that many countries will drift into the top markets by 2025. The emergence of Indonesia in the top three is the initial confirmation of this hypothesis. Any country with political stability and an average of at least 120 people per square kilometer keeps the highest potential for ride-sharing industry.

Many countries with a sizeable population and satisfactory stability are demonstrating tremendous growth. Especially, Western Europe Middle-East and the Asia Pacific are excellent markets for startups apart from China and the US. Many locally developed enterprises are making remarkable numbers in these regions. Some of these businesses are outperforming Uber as well.

Nevertheless, the on-demand cabs business will flourish in many countries regardless of local instability or a relatively small population. The success of the industry in North Africa, Eastern Europe and – above all – South Asia consolidate this assumption. The owners of taxi hailing apps need to ensure that they study the demands of local market before starting the service. If the service corresponds to the demands, the business is likely to expand.

Owing to the lesser per capita income and massive unemployment, the ride-hailing industry also provides a significant number of employment opportunities. Thus, the administration of such countries is attempting to make requisite regulations. The effective legislation is not only providing excellent jobs to the locals but also enabling the commuters to mitigate their traveling menaces.

Types of Ride-Hailing

The ride-hailing market of developing countries is disparate to that of developed countries. A primary difference emerges from a wide range of per capita income. The service providers offer a variety of ride-hailing options considering the varying demands in different regions. Urban Settlers of Europe and North America have the choices of sedan and hatchback. Some businesses offer vans too.

The wealthy kingdoms of Middle-East also allow large operations. The presence of a considerable number of tourists ensures that the business earns remarkably. In any region, the economic disparity varies widely. Thus, many efficient service providers offer luxurious but expensive rides and basic but cheap ones in the same country.

For instance, Uber renders business class services as well as three and two-wheelers in China, India, and the Philippines alone. This introduction to ride-sharing enables the aspirant businesspersons to decide about the variety of vehicles wisely.

Essential Ride-Hailing features

An insight into the successfully running ride-sharing systems indicates that, apart from choosing the region and types of vehicles, each successful business provides efficient smartphone app. A deficit of efficiency results in failure irrespective of the selection of area and vehicles.

Following features of app ensure the best service provision to the consumers.

1. Interface of the application should offer easy navigation to various parts of the system. The consumers with least technical understanding should be the audience of developers. This notion follows from the fact that most of the riders lack technical knowledge.

2. Real-Time Tracking of drivers facilitate the passengers to track their agents in real-time. This facility allows the riders to estimate the arrival time and ensures to connect the passengers with the nearest drivers.

3. Payment Options should be diverse to avoid any delays. Many consumers in South Asia and the Asia Pacific require the option of payment by cash. Thus, the diversity will further simplify the services.

4. Feedback allows companies to improve their services by addressing the complaints and compliments of consumers. The commuters avoid sharing feedback if the steps involve a lengthy procedure.

5. Performance of software keeps the paramount significance. There are times when the influx of requests is high. It is annoying for the customers if the request fails to proceed owing to extraordinary pressure on the system.

Are You Ready to Attain New Heights?

This introduction to ride-hailing depicts an astonishing volume of opportunities. The analysts forecast that the revenue of this industry will become twice more than the current figure by 2025. Companies are also preparing for autonomous vehicle regulations to roll out driverless vehicles. The selection of an appropriate region with high business potential amounts to half of the business planning. The other half requires efficient software development and robust testing.

If you project yourself as one of the top stakeholders of ride-sharing industry, sign up today. Our expert team will guide and assist you in building and consolidating the business.

By Shahrukh Satti 0 Comments

Age of Transition to Smartphones from In-Car-System

Science-fiction novels and movies from half a century back depicted intelligent vehicles. The characters were able to operate such vehicles with compact devices. Although some tech-savvy reviewers welcomed these ideas as a correct prediction of future in-car-system, yet many debunked them while labeling them as fictitious concepts.

Astonishingly, the contemporary technology is ahead of what was forecasted in those scripts. Many vehicle-owners are still unaware of the current technological depth. The past scripts exhibited a range of separate devices embedded in the vehicle which allowed the riders to operate various functions through voice commands or by tapping the screens or buttons.

Each of these technologies is not only present in modern vehicles but can be integrated into a highly compact setting, in essence – the smartphone. Very few stories demonstrated the ability to operate a vehicle while sitting thousands of miles away from it. Regardless of the age and model of vehicle, one can have a smartphone app to control the operations of unlocking, music/radio playing, navigation, and a bunch of other cool functionalities.

Ride-Hailing and Smartphone Revolution

The biggest stakeholders of this technology are the on-demand taxi apps like Uber. The ability to acquire taxi services by a few easy taps on one’s smartphone is a remarkable relief for consumers. The ability does not only provide the service to users at their doorstep but ensure security, time management, and efficient fare calculation mechanism as well.

Vehicle owners and cab service providers love this smartphone capability. However, there are very few tech companies which offer development of applications with such features. Thus, the entrepreneurs have the chance to move ahead and fill the void by developing the perfect mobile app.

However, before investing one’s time and the money, it is plausible to run the requirement analysis for transition to smartphones from in-car-system and determine the specific business needs.

Entrepreneurs face the following business challenges.

1. Scope of System

The scope defines the depth and breadth of software. An application can be as simple as comprising only a few pages or excessively complicated to incorporate additional functionalities. The investors should try to keep the system as concise as possible. This way, they can save money and prevent users from finding the application an overly complex one.

The success of Uber reflects in the fact that the interface is easy-to-use but comprehensive at the same time. The essential features should not be traded-off for simplicity.

2. Competition Analysis

The on-demand service is proving to be one of the most successful investments in every region of the world. Still, the new competitors need to assess the established businesses, their packages, and customer relationship management. Although the business keeps the potential to grow despite having flaws, yet entrepreneurs can beat their rivals only by outperforming them.

A successful analysis involves online surveys to determine customer satisfaction levels and their demands. Some of the demands – including a significant drop in fares – will be hard to address but many of them are agreeable. Satisfying the customer needs will rapidly flourish the business.

3. Region of Operations

Most of the world regions, including the developed countries, still lack the on-demand services. The customers end up acquiring poor on-demand services in some areas because the companies do not pay attention to customer satisfaction owing to the lack of competition. The entrepreneurs should consider the following points while selecting the region.

  • Lack of provision of appropriate services by the established businesses.
  • The absence of service in a high-demand region.
  • The index of ease of doing business. This is crucial because the businesses suffer from lengthy registration process and/or law and order situation in some regions.

4. Application Development

Once the scope, competitors and operational region analysis are done, the investors should choose between acquiring a developer and developing the application oneself. If the entrepreneur is skillful and experienced enough, it is okay to give the development a go. However, if there is no prior experience, it would be unwise not to seek the expert advice and services.

The experienced development teams do not only ensure the integration of required features but also enhance the efficiency. A taxi dispatch solution with every feature that a customer may desire will fail to impress the user if it is inefficient. The inefficiency reflects in the form of delays in request processing, data breaches or frequent crashes. No investor would want an application failing after investing a considerable sum of monetary and temporal resources.

5. Enterprise Registration

Every country has a unique set of the enterprise registration process. The business-friendly states assist the startups whereas some states place a range of restrictions which discourage investors. The aspirant business owners should study the registration requirements at the earliest and have their company registered as per the local law. Any negligence in registration may put the business liable to penalties and, ultimately, to termination.

6. Marketing

The marketers need to inform consumers about the availability of a new startup with all of their desired features. Effective marketing of a startup grows it quickly. If the startup is sharing the market with other established companies, more extensive marketing will be required. The entrepreneurs need to make sure that the consumers of existing services attract to their newly inducted company.

Publicity is a way of informing the public about why your startup is better than the rivals. Social media print and electronic media and brochures are some of the traditional marketing strategies. Some new marketing domains including neuromarketing are also making huge gains. The selection of marketing strategy rests on the investors.

Are You an Aspirant?

Making a firm decision is the first but most significant milestone in the path to owning a flourishing business. The selection of industry after careful analysis considerably increases the probability of success. However, the lack of requirement elicitation or poor development and testing may lead to failure. Therefore, the guidance from industry experts is vital.

Cabstartup assists entrepreneurs in transforming their business ideas into reality. Our expert team can help you in every phase including planning, development, testing, and marketing. If you intend to own the most promising startup, sign up today.

By Shahrukh Satti 0 Comments
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