John is a student who wants to live on his own and earn a bit rather than being a burden to his parents. He has signed up with Uber as a driver. He loves exploring different cars but how can he buy a new car every now and then! Recently, he heard about the Fair app to make his life easier and now he can have any car without the compulsion of keeping the same for a long period of time.

The Fair app offers an innovative alternative to what we used to call traditional car ownership. The app lets you buy, get approved and pay for your next car right through a few taps on your mobile screen.

If you are an entrepreneur thinking about some out of the box idea for your startup to bring a rumble in the market, going for a Fair clone app could be an excellent choice for your venture. The app is a great way to provide the drivers with choices to own their cars and keep them as long as they can instead of leasing.

» The motive behind Fair app

The technology is transforming with each passing day. We are even changing the ways of how we buy and own our cars. The industries are looking for ways to make the customer winner in the end with simpler, more flexible, and more cost-effective options than ever before. Fair is a Californian startup that is trying to turn the car market on its head by offering pocket-friendly, simpler alternatives for the people to lease vehicles instead of buying them. They are even successful in taking huge steps towards achieving the goal.

Scott Painter is the founder and CEO of the Fair app. Fair is basically a vehicle subscription startup that is loading its executive team with veterans in the tech. They are venturing the automotive industries as they endeavor to build out its Uber leasing program and expand beyond North America.

The Fair app is supported by Softbank. The company has recently announced three key hires to lead the development of its car subscription app. They are also hiring the financing department and the leasing program with Uber.

As per a report in Tech Crunch, Jay Trinidad who was previously an executive in Google and Discovery Networks is now working with the company as the chief product officer. He is expected to direct the company’s app development and technology efforts. John Pierantoni, the chief accounting officer of TrueCar has been hired to look after the finance and risk management. Pat Wilkison who is a partner of the venture and exponential partners is an early investor in the company. He will be the one looking after the Uber program.

It is being said that these three hires are really crucial for the startup. The startup is trying to convince the customers to try its car-as-a-service platform over buying or leasing a vehicle from a traditional dealership or other online sales upstarts.

» Fair’s revenue-raising business model

 
The company has generated $1.5 billion. But apart from that, the platform itself is what makes it unique for the company.

The company has tweaked the traditional lease to provide its customers with more choices. They claim that the customers today including those in the gig economy wish for flexibility. The users can easily subscribe to the program and explore different vehicles through their term of the lease.

The business model is a capital-accelerated business model. This kind of business model requires experience that needs to be delivered by very experienced people.

The startup has raised an immense revenue of $385 million in its Series B funding round led by Softbank.

Fair provides flexible leasing plans both to everyday users and to people who use cars for work purposes. The only things that people need to have these vehicles a driver’s license and a credit card or bank details.

The company has been working with Uber closely and earned its $400 million leasing business last year. It hopes to repeat the success with other transportation companies and ride-sharing platforms as well.

They are currently active in more than 15 states and more than 26 markets in the US. The progress is thus that they are adding a new city every week. The growth for Fair has been dynamic over the years. They have been leasing cars to more than 20,000 users until now.

How Fair Works : Work process of Fair

 
Fair’s platform has something in common with other financial services that have germinated over the years. It is nothing else but big data analytics and intelligent algorithms. The company aims to enhance the process of converting a slightly curious customer into a bonafide transaction by decreasing as much resistance in the process as possible.

Fair is able to build up a financial profile of the user in the backend using their two-piece documentation. They can then easily determine whether the person is eligible to rent.

The users subscribing to cars can use the plans starting at $130. They can even cancel the plans with five days’ notice.

Also read : 

Why should you build a Fair clone app?

 
For a long-term plan by SoftBank, they wish to use Fair to help the ride-sharing businesses to move upwards. This can be done by helping connect more drivers with vehicles. Fair has already provided a quick way for the would-be Uber drivers to get their vehicles.

The Fair clone apps can help to unlock ridesharing on a global scale. The apps like Fair have the ability to turn around the leasing businesses for the ride-sharing companies and thus such companies become an asset adding tremendous value to the business.

There are other cars-for-rentals coming up in the market like Airbnb Car rentals, Zoom car etc. But the Fair clone app is basically not just a car rental app, but the business can see growth along with the ride-sharing companies as well. This is a huge opportunity for startups to put their best technological feet forward with Coruscate as a technology partner and then tie-up with the ride-hailing services in your regions to make the best of what the market has to offer.

Our developers and researchers are experts in the big data concept and we can build an app for your car rental business which can really make you the jewel in the crown. With the increasing competition, you will also need help to choose the ride-sharing companies to work together. We might just be helpful in discussing the most profitable business model and partners for you. In our hands, it is a promise that your business will definitely flourish. Connect with us for further discussion regarding the cost and features of the driver-partner app or schedule a free consultation session for the same.

The post Fair clone app – Ride Sharing app : A new way of letting your drivers access the cars appeared first on Coruscate Solutions.

US Bureau of Labor conducted a survey on 34.2 million families in 2016. The outcome of the survey is eye-opening. It says, almost 60% of the families had both father and mother employed. Which means, for this many numbers of parents (or maybe lower but not too much), it is an everyday struggle to reach office on time after dropping off their kids to school.

In the morning, when parents and kids both should have calmness in the veins, they are shouting each other so that none of them waste a single second! What an irony!

To get rid of this everyday struggle, Uber for kids app is the best option. It is safe, secure, reliable and affordable. Through that app, parents can book the ride for their kids, a certified driver comes to their home, picks up the kids, and drops them off to school on time. Meanwhile, parents enter their office and start working with a grin on the face. (There shouldn’t be any better start of the morning than this, at least, for working parents)

Talking about the business opportunity out of Uber for kids apps, it’s a huge market and steadily growing as the number of working parents is also growing. So, if you are an entrepreneur and want to have a breakthrough, Uber for kids app can be the one.

Scope of developing Uber for kids app

 
It is very obvious that the major users of Uber for Kids app is the working parents with the kids who are enrolled in the schools. These parents who are your potential users might use your Uber for kids app regularly for their kids. According to the report ‘Employment Characteristics of Families’, the percentage of the population with children under age 18 was working or looking for the job is 71.5 % in 2018, 10% higher than in 2016.

The major obstacle for Uber for kids apps is the school buses which a lot of working parents still prefer. However, there are a lot of drawbacks of conventional kids transportation system over the technologically advanced Uber for kids apps. In conventional kids transportation system, parents simply cannot track the location of kids live on their phones. That conventional kids transportation system doesn’t also provide a personalized experience and pick up drop off facility on the desired time.

Overall, due to two major reasons – an increasing number of working parents and many drawbacks of conventional kids transportation system, developing a Uber for kids app can be the moneymaking idea.

Top Kid-ridesharing apps or Uber for kids apps, making the lives of working parents easy

Following is the list of the top kid-ridesharing apps which are the early players in the segment and getting everything out of this very profitable industry.
 

VanGo – Uber for kids ride sharing app

VanGo is the North Texas-based kids-ridesharing company, enabling the parents to book ride for their kids to and from the schools and sports complexes. It is the dedicated app for the kid, ages between 8 to 18.

The reason why parents are opting for VanGo is the fact that drivers of the VanGo have at least three years’ experience in childcare or education and have both criminal and driver safety background checks cleared. In fact, almost 85% of their drivers are mothers.

The VanGo app comes with a few similar features in the segment. Parents can book the ride prior to one day. They get notified when their kids are picked up and dropped off. They can even set geofencing to sustain the safety of their kids. They can pay from the app and share the experience with other parents.
 

Zum ride – Uber for kids ride sharing app

Ritu, a working mother who was working as the product leader in a Silicon-Valley-based company, started Zum Ride in 2014, inspired by the problems she was facing. To deploy kid-ridesharing company back in 2014 when the market possibilities for such business were very limited, Ritu got help from his two brothers.

Today, Zum is the fastest-growing kids-ridesharing company. Data documented on its website shows that Zum has completed 5M safe miles and transported 750K children.

Zum is having the vision to tie up with schools to offer a more secure and safer ride to the kids. They offer various types of vehicles which can be tracked by both school authority and parents. Zum claims that it is a very cost-effective and efficient solution which is really true. Today, over 2000 schools have tied up with Zum for the sake of safety and security of kids.

Skoda parents taxi app

Almost 66% of the parents jokes about being a taxi driver for their children. Thus, Skoda went the extra mile and developed something unusual for the parents as well as kids. It is the taxi app which charges kids in chores. Confused? Let’s understand how it works.

When parents and kids step in the car, parents can start the ‘taxi meter’ which calculates the miles parents drive their kids around. Based on the number of miles, the app shows the chores kids are supposed to complete. Parents can even share it on social media so that kids cannot easily get out of it or avoid it.

This is of course not the app like Zum and VanGo, but it exhibits the scope kids-ridesharing industry holds. It also presents that like all other industries, innovation in business model and business processes is welcome also in kids-ridesharing business. 

Business model, you can follow in Uber for kids-ridesharing business

 
Kids-ridesharing business can be run in Uber-fashion where drivers are hired as independent contractors and paid based on the rides they complete. Here, it is not recommended to integrate surge pricing module just for the sake of earning more money. Because surge pricing can only work perfectly when there are thousands of drivers with the same amount of users. Meanwhile, a kids-ridesharing industry has limited users, unlike native ride-sharing industry.

If you don’t want to follow the Uber model, you can hire the drivers who can be called your company employees and work on either part-time or full time. These drivers are usually paid on an hourly bases and something not on the amount of work they do.

To make your service more affordable, you can introduce a monthly subscription model for everyday users.

Know more about Subscription model for ride sharing business

So, after reading so far, if you have made your mind to develop the Uber for kids app, following are the features you have to request a mobile app development company to integrate into the app.
 

Top features of Uber for kids app

 
In such an online business, an app is the only way of communication between users and app owner. Thus, it is always the fundamental requirement to spend more time to design the feature set which makes your Uber for kids app stands out.

• Ask minimum details while signing up.
• Both the driver profile and user profile should be well -documented.
• While booking the ride, fetch the location of the user automatically.
• Allow users to pre-book the ride.
• Get them notified with every action.
• Present the content-rich profile of drivers to the users.
• Let users track the location of their kids’ ride.
• Let users set the geo-fencing.
• The app must have an in-built chat feature to talk with drivers instantly.
• Enable parents to share the experience with other parents.
• Allow parents to pay through multiple payment options prior to or even after the ride.

How much does it cost to develop Uber for kids app?

 
Coruscate is the top Uber-like app development company which entertains many queries related to various Uber-like app development. With our highly skilled teams of developers and designers, we only develop those apps which go viral and help app owner to dominate the market quickly. We not only develop apps for the clients like you, but we also become the business strategic partner of them and advice them to fight against legal norms, to develop a next-gen business model and to keep the user-engagement rate high.

With our rapid app development technology, we develop and deliver Uber for kids app within 45-55 business days and under $10k.

To know more about the features and ask for a free demo with the consultation, contact our app scientist and business expert today.

The post Uber for kids app is the guardian angel of working parents. Know how to develop a kids-ridesharing app to be the early player in the emerging industry appeared first on Coruscate Solutions.

Lyft received $600Mn in series I funding from Fidelity Management & Research Company. With this funding, the total amount invested by the investor reaches $800Mn. The total funds raised by the company has reached $2.9Bn, including the recently raised funds, and all the money will be invested towards scaling the platform.

Going Back To The Start

While Uber is still the rockstar, Lyft is slowly closing the gaps that exist between the two. They have each reached out different spaces, and conquered different areas, thus marking the top positions, eyed by the numerous others.

However, it is time to take that brief pause and reflect on the beginnings of Lyft. Where it all started, and how? Let’s go back in time.

Lyft was launched in 2012, as Zimride, which offers long-distance ridesharing services. The basic aim was to offer ridesharing services between two different cities while keeping in mind the need to know the driver. The app used to share the driver details, and ensure complete safety of the rider.

Zimride focused on college campuses, and the company needed an app that would concentrate on the local market as well, competing with Uber. They released yet another app that would help commuters with shorter trips, within the city.

They started defining their brand in a way that would reduce the user’s apprehension to take their services and augmented it in line with the user’s growing needs.

The company introduced pooling services with Lyft line in 2014. Soon, they introduced scheduling services, using which the riders could schedule their trip in advance.

They faced certain regulatory hurdles in NYC, owing to which they revamped their policies and allowed the drivers with TLC to ride hailing services the taxis.

The company not only adapted to the needs of the riders, but also managed to expand their operations to the nearby cities, thus becoming operational in over 300 U.S. cities.

The company, in 2017, announced a collaboration with the Boston-based NuTonomy, an autonomous self-driving car startup to offer on-demand autonomous car services to the passengers.

Uber is the main competition for Lyft. However, the company also faces competition from other players such as Fasten, Haxi and Via.

Uber came into existence 3 years before Lyft was launched, and has established its presence beyond the US. It is present across various countries globally, and Lyft is yet to scale to such dimensions.

How Lyft Is Differentiating?

Carpooling was not a new concept when both Uber and Lyft were launched in the markets. The main reason for their launch was to make the service more reliable and secure. After launching its services globally, Uber has become more business-like in its approach and mission.

Lyft – on the other hand, is relying majorly on personalization and improving the user experience. They believe in being close to the user and improving the features based on the end needs.

In the Lyft vs Uber debate, neither is a clear winner. In case of pricing, both charge almost the same price, however, it is the heavy demand time that Lyft comes across as a savior. When it comes to scheduling a ride or a pickup, there are certain differences between the two apps. Both of them have differentiated and created a USP.

Most often riders tend to choose their ride based on the availability, which makes the same driver drive for both the companies.

Lyft being the second in the league, has to constantly work on differentiating itself to create a name in the market, and scale the business. Here are some of the moves made by the company, which prove how incredibly the company is differentiating.

Going with Self-driving:

To balance the economies of the scale, a lot of ride sharing apps are moving towards self-driving. With a bulk purchase of the self-driving cars, fuel maintenance and insurance, the companies can offer direct services and gain economically. Lyft has entered this segment in order to scale itself and grow the business.

Health-care Tie-ups:

The brand is trying to cater to the non-emergency medical care by offering alternative transportation services. Lyft has tied up with Blue Cross and Blue Shield companies, and with a differentiated delivery model, has planned to improve ride sharing.

Augmented Driver Engagement:

Their main aim to improve driver engagement to increase driver satisfaction, which will in turn positively impact the customer engagement.

They have come up with guaranteed hourly payments and power driver bonuses, as incentives for the drivers. The Lyft estimator helps the drivers know the day’s earning.

You can decide your work hours and work timings. This means you are your own boss. If you wish to ride during the night and sleep through the day, it can be accomplished with this company.

Approximately 75.8% of the drivers claimed they were satisfied with Lyft, as against the 50% that claimed they were happy with Uber.

If you are a new rideshare driver, then the company gives you explicit training, making sure you understand every aspect, before you move out to the field. They have a short orientation program, and Lyft driver app tutorial videos to help them get started. They also have driver dashboard training videos, which helps get the basics clear.

Lyft has tied up with Delta Skymiles, to offer you free frequent flyer miles for every ride you take on the ground. This new cross-collaboration is an excellent strategy for winning more customers.

The Valuation of Lyft

With this funding, the company has reached a valuation of $15.1Bn. The company has doubled its valuation within 14 months. The startup has ably managed to increase its market share within US by 35% over the 22% it had in 2017.

The funds will be used towards scaling the business further, and they will improve their operations to increase the customer base.

Want To Create Your Own On Demand Ridesharing Services App?

If you want to create your own on demand ridesharing app, here are a few things you might want to consider.

The Purpose:

There are quite a few ride sharing apps in the market. What makes your app special? You will need to consider the point of difference before you begin with developing the app. This will help you define a winning strategy for your app.

The Design:

A user-friendly design is a must for engaging users, and ensuring both riders and drivers are comfortable using the application. Make sure you design the prototype after studying the users and their app usage behavior.

The Features:

When defining the features for your app, you should note all the requirements explicitly. Make sure you have aligned all the features with your needs and the purpose of the app.

The Budget:

Make sure you have defined the budget for the app development. It means you need to consider the app design, the features and the overall development cost before going ahead with the development.

Lyft on demand ridesharing service available in selected areas first is San Diego, Los Angeles, San Francisco and cities including other like New York city for public transit and for public transportation.

Coruscate has established a defined process and delivered on-demand mobile app development services successfully to a number of businesses. We aim to help you reach the top 10 position in the app store. Connect with us to discuss the idea and further your business. Click below to get free on-demand ride sharing app demo.

The post How Lyft Transformed The on demand ridesharing Segment To Raise $600Mn In Series I Funding? appeared first on Coruscate Solutions.