Startup Drive-Share-Type App Permits Drivers to Bid on Rides

A startup company that permits drivers to bid on paying customers seeking rides has received a second round of funding.

Called CabbyGo, it claims that its proprietary technology will give riders a lower cost and drivers a higher income than Uber or taxis.

In the movies, this is where the character chimes in: “Good luck with that.”

In any event, the capital will be used to help complete the technology build out so that CabbyGo can enter more domestic and select worldwide markets. The company received the funding from a group of private investors.

Unlike Uber’s automatic “peak time” price increases, CabbyGo lets drivers lower their prices to attract riders.

Company founder and CEO Joshua Freedman stated, “There are some great rideshare apps, like Uber, Lyft, Zipcar, Getaround, and Sidecar, but none of them have CabbyGo’s unique features, which provides riders with better choices and less cost per ride, while simultaneously giving drivers the means to earn more money.”

 

The service is designed to disrupt the rideshare app market with its platform.

Category: General Update