THE MODEL: A ride sharing
platform for users in Istanbul. A user can search for and travel with different car
owners going on the same route and share the ride costs in the process.
STARTUP: Volt
(Turkish startup)
WHAT I LIKE
Core Idea – Ride sharing
is a great concept owing to the fact that most cars (nearly 80%) have only the
driver in it. It helps save cost and reduces the number of cars on the road.
Win-Win – The
owner gets to share the costs of the ride and the passenger gets to travel in the
comfort of a car for much less.
Trust – Trust is
an issue for car owners especially. The app has built in some features to tackle
this – all users have verified phone numbers, all users can see how they are
connected with others and who their mutual friends are and also users are not
bound and can accept or decline any offer.
CONCERNS
Competition – Taxi
apps are also focusing on this sharing concept and have introduced a cab sharing
service to offer lower costs to customers.
Regulation – Such a sharing model has some serious safety concerns
attached to it and will tend to be regulated in many parts of the world.
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