ride-sharing industry Archives - Cabstartup

Tag: ride-sharing industry

Launch a ride-hailing dispatch system in Australia

In the past 5 years, CabStartup has been able to expand and grow. It has attracted a significant client base by successfully including startups and established ride-hailing companies alike under its banner.

A ride-hailing dispatch system registers different cab owners and drivers under one platform. This software allows users to hire a taxi or a private car to reach the desired destination; all through their mobile phones. It is extremely easy and convenient because it provides door-to-door services. Numerous taxi services all around the world have switched their mode of functioning and have transitioned from conventional taxi stands to mobile applications and online service platforms. These ride-hailing platforms are used by customers to book rides, track them and even make payments for them- all online.

Automation and improvisation is the way to go in today’s world. Talking about the taxi industry; the new way of dispatching taxis and booking rides is the online way. Changing the old school taxi stands into mobile apps and dispatch software is what the new ride-hailing business model is about. It can revolutionize the operation methodology and create waves of change within the automotive industry.

The existing ride-hailing companies in Australia

With the advent of the ride-hailing dispatch system; competition and market saturation have also reached the skies. Taxi services are no longer localized and everyone has access to them 24/7. Therefore, emerging in the taxi industry as a leader (given the number of competitors) is not easy. Our ride-hailing business model is specially designed to help you emerge as the market leader and catalyze your performance by evolving your just-another taxi company into a top-class service.

Let’s look at some of the leading ride-hailing companies in Australia.

Water Taxis Australia

Water Taxis Australia is a Smartphone application that can be used to book water taxis to Sydney Harbour, Palm Beach, Pittwater, Gosford, Hawkesbury River, Brooklyn, and Whitsundays. Water taxi service based in Sydney, Australia, and is one of the most successful CabStartup clients. Water Taxi app has helped us expand our client base to every corner of the continent all while adding incredible flexibility to the services.

Water Taxis Australia has a ready to use mobile app. It also provides an online quote for people not having access to a Smartphone. What has made the Water Taxi app emerge as the industry leader and first choice of the customers is:

  • Easy Passenger Bookings: It is a fairly quick and easy process and involves just a click on one’s Smartphone. Download the app and book a ride.
  • User-friendly mobile app: One does not need to be a tech-savvy genius to operate the app. It is simple and everyone can navigate their way through it.
  • All payments through the phone: Once the ride is booked; all payments can be made online, through the Smartphone. Just scan and store the credit/debit card and be free of all payment hassles.

The Water Taxi app is leading the Australian market because of its time and cost-effectiveness. Customers have the ease to avail this service in all notable coastal areas.

MooV (Online ride-hailing platform)

MooV is another online ride-hailing platform based in Perth, Australia. This CabStartup client collaborates with taxi drivers and cab operators and allows customers to look up for a ride and book one for the desired time and location. This rideshare software app allows consumers to track their drivers in real-time, rate them and also make payments online. Any driver can register with this platform by submitting the required information and credentials.

MooV is one of the best rideshare software app examples. Anyone who owns a taxi or a taxi service can join the platform and offer their services to a massive client base.

The ride-hailing industry challenges

The ride-hailing business model has witnessed a massive boom in the last 5 years. Majorly because of the ease and cost-effectiveness that it offers. Experts are of the view that in the post-COVID world the ride-hailing industry will experience regression owing to several daily commuters working from home now and avoiding rides shared by multiple customers. The biggest challenge faced by the ride-hailing industry in the current (COVID) times is to ensure public safety by following all the sops. But the question remains: is it all fun and games?
Let’s look at some of the challenges this industry is facing:

  • Market Saturation: For companies operating in the ride-sharing industry one of the biggest hurdles is to win over their competition. The domestic competition has grown bigger and brighter in the ride-hailing industry with each passing day. Many companies, therefore, find it hard to expand locally and globally.
  • Government Regulations: When the ride-hailing industry was growing to see the light of the day, governments all around the world were not prepared for its impacts across the globe. Now, however, they are slowly but surely catching up, implementing rules and regulations which restrict the movement of the ride-hailing platforms in certain areas and at certain times.
    The governments find themselves taking on extra responsibility by ensuring public safety, reduced crashes, and protection of city policy goals, fraud prevention, and labor exploitation along with the fulfillment of the taxicab regulations.
  • Price and Profitability: Price war is one active battle that exists amidst ride-hailing companies. To gain market share, many companies slash their prices which results in popularity and customer base but pushes the company back in the profit race. Uber recorded a loss of $2 billion in 2018 as a result of adjustments, stock-based compensations, and driver rewards.
    Becoming popular, successful, and the market leaders all while being profitable is the biggest challenge being faced by ride-hailing companies.
  • Self Driving cars: Autonomous vehicles are coming and as the experts suggest; self-driving cars will be driving people around, dropping off orders, and making deliveries. This near-future advancement is a big threat to the business model of ride-hailing companies. They will need to invest in a big fleet of autonomous vehicles to survive and compete.
  • Lawsuits: As easy and golden as it appears to be, the ride-hailing industry has its share of legal issues. The majority of the big names in the ride-hailing industry have faced massive lawsuits. The ride-hailing giant, Uber, for example, has 70 pending federal lawsuits to date.

Australian Taxi Market- Trends and Forecast

The Australian Taxi market is expected to project a growth rate of 9.61% from 2020 to 2025. Taxis are a big component of the Australian Transportation Network. Owing to the numerous benefits offered by the taxi services; the demand for taxis is ever increasing in Australia. The user penetration in the ride-hailing segment will be at 21.1% in 2021. The prime factor that makes a company grow popular and grow big is the accessibility provided by the ridesharing software app. This app then provides benefits such as:

  • Booking Convenience
  • Multiple Payment Options
  • 24/7 effective customer support program
  • GPS enabled and safe vehicles
  • Electrically operated fare meters
  • Cost benefits

For a newbie to enter the market successfully; the aforementioned characteristics are exactly what is needed. The Australian Taxi market has had glorious progress in the past and promises the same for the future as well. For any new vendor or company to penetrate the extremely saturated market; it is important to:

  • Come up with a better and efficient business strategy.
  • Make sure that the customer is being provided the best services at an affordable rate.
  • Target the area where the minimum amount of ride-hailing companies are operating and where revenue generation is maximum.
  • Provide ease of usage and payments.

CabStartup has been able to successfully turn its vision into a reality. We have created opportunities to pave the way for developing successful mobility networks. The number of successful names under the CabStartup banner speaks for our commitment to achieving our goals and targets.

We would love to work with you and help you launch your ride-hailing project. Join us for a free 2-week trial and see for yourself how we work, grow and conquer!

By cabadmin 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

Europe’s Ride-hailing Companies aren’t Frightened of Uber

Uber is speeding up towards a historic IPO next year that could value it as high as $120 billion, but that doesn’t frighten its competitors that operate all over Europe.

Markus Villig shared in his speech on stage at TechCrunch Disrupt Berlin that $1 billion-valued Taxify has extended from Israel into Europe, North America and beyond, and they are not disturbed by battling the U.S. ride-hailing goliath.

Taxify functions in 26 markets predominantly in Europe and Africa has raised over $170 million from investors including Didi Chuxing. Taxify defeated Uber in China. It shows that Villig is very familiar with going toe-to-toe with Uber. Ride-hailing companies in Europe are getting a competitive advantage over others and are not scared of Uber because of their strategic techniques.

Vilig told that they compete with them in every country and city in which they are operating. Therefore, they have accustomed to having quite fierce competition.

But what is already clear from multiple mergers around the world is that the local operating model is going to win over the long term. We can check its authenticity from the numerous mergers at Russia, China, and now Southeast Asia, where Uber has sold to local rivals.

Uber Business Model

Didi in China and Grab in Southeast Asia adopted few strategies to win over Uber by managing regional payment plans. Villig explained that Taxify become successful and win over the competition because of economic advantage and the ability to mix up its strategy.

So, it can become tough in open markets that bring meaningful competition for riding businesses. It allows working collaboratively with local government in places where a challenging regulatory landscape requires a more nuanced approach.

The Taxify CEO told that they are more focused on treating drivers better, which is something that’s unique to Europe because the regulations are so high. There is less driver who can work with you in every city. Therefore, treating them well is a much more significant way can help to retain drivers as compared to areas where the supply of drivers is multiple times bigger.

Via has raised $390 million to date, which specializes in shuttle vans. They are providing standalone consumer-facing service, as well as the collaboration of local transport authorities. It is standing up to Uber’s significant ride-hailing chops.

Vin added that they are getting a pretty good advantage from the Via platform in which both customers and drivers get the benefit and compensation of quality travel experience. They find its success in launching their service even when uber is competing.

Vilig, the founder of the unicorn believes that the future of on-demand transportation is genuinely local. They are overtaking other taxi businesses country-by-country and think they will see a similar future in Europe and other parts of the world.

From this information, it is evident that Europe’s ride-hailing companies are not scared of Uber. They are getting an advantage over the competition using the right blend of techniques.

Therefore, it is evident that more ride-hailing companies can be added with the aim to become successful and stand out from the crowd. Efficient management and adopting of right strategies and using a reliable white label taxi dispatch solution can help taxi companies to grow and earn revenue.

We offer white label taxi dispatch solution for all types of transport businesses. Our cloud-based solution is reliable and suitable for startup companies. If you want to get efficient software, contact us today.

By cabadmin 0 Comments

How to Build an Irresistible Taxi Brand? A Creative Strategy Shared by An Early Uber Investor

Belsky, Founder of Behance, sold the company to Adobe for an estimated $150 million. Today, Belsky is Adobe’s chief product officer and a venture capital investor. He developed a narrative regarding building a product that technology is needed to employ creative people to make ideas happen. According to his point of view, if technology includes the system containing all the relevant features, they can efficiently manage the system.

The narrative guided that the system can include features that are suitable to them and support their brand. Belsky told that it is an excellent strategy for entrepreneurs and business professionals to use a customized system that suits their business needs.

Belsky told that Garett Camp, co-founder of Uber, was an early investor in the company. He was working on this narrative. Camp imagined the experience of users where everyone could call a private driver for taxi services. He believed it that ordinary people would have this system at their fingertips. His imagination evolved into a creative strategy in the form of Uber with a tagline that Uber is everyone’s private driver.

Belsky told that this strategy has helped the entire ride-sharing industry in providing knowledge about how to build an irresistible taxi brand. People are delighted with the service and are enjoying great benefits of ride-sharing services, which otherwise would not have been available to them.

Now, more companies are introducing just like Uber after seeing its success. Not only ride-sharing businesses, but various other companies are also working on the same scenario of on-demand services for building an irresistible taxi brand. Now, lots of on-demand companies are following the Uber strategy to provide products and services to the customers.

According to Belsky, most entrepreneurs jump in and build a product. They spend months, even years, making a minimal viable product (MVP). When they are about to share with the customers, they realized that people don’t understand it on how to use the application.

Belsky recommends that entrepreneurs should build a private web page for the product that depicts the following things:

  • What inspired the idea?
  • Why does it need to exist?
  • Why is it relevant?
  • How will it help you in the future?

Belsky says product experience is all about communication. The role of the entrepreneur is significant in the success of the business. An entrepreneur must be able to help a team, investor, or partner visualize the future. Being able to tell regarding the prospect of a customer and how the product will solve a real-world problem is a compelling aspect for the business success. It is a significant part of the business, but most of the business teams do not spend much time on it.

Cost to build Taxi App Like Uber

Bringing an idea in the form of a product, company, or an initiative is essential. It gives you an opportunity before building the product.

What is a brand?

A brand shows your business and its view among your audiences about your blog or business. It conveys a message about a particular company. It is about the value your business shows when audiences visit your blog or Company. A brand is all about recognition, usefulness, safety, familiarity, and acceptability.

How to Build your brand?

Every brand takes time to be successful. It is essential for every business to develop a visual identity. When people get information, they are likely to remember 10 percent of that information three days later. However, if a relevant image shows the same information, people remember 65% of the data.

Images are significant for branding. By developing a visual identity, focusing on the logo, color combinations, style and profile images have the potential to stand you out from the crowd.

ride-sharing industry
There is a 6-part formula to build a strong visual identity. It is tested and proven to work all the time and with every niche.

1. First, narrow down the list to decide your niche.
2. Define your target audience. Understanding your audience will help you to stand out from the crowd.
3. Develop a unique blog that will show information regarding your business.
4. Your blog should be unique and must depict your interest, colors, and passion. Once you can achieve this, you can develop a unique blog to provide real value.
5. Choose a designer to build your logo.
6. Build a robust verbal identity.

Choose a reputable taxi company to build an irresistible taxi brand. We offer a well-developed uber like an on-demand platform for your taxi business in the transportation industry. If you want to get quality on-demand platform for your taxi business you can book a Free Demo of Cab Startup.

By cabadmin 0 Comments
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