Blame it on the surging fuel prices or unexpectedly increasing traffic jams during busy work hours; such circumstances have accelerated the demand for ridesharing apps in the market. And why not when it offers easy pick-up and drop services without burning a hole in the users’ pocket?
If seen from the entrepreneurial perspective, ridesharing is emerging as one of the most prominent business models in the current times. Besides ensuring the best profit shares, a ridesharing app business model offers assured opportunities of turning your business into a global brand.
So, why not opt for it?
Still not convinced with the ridesharing business model? Well, let’s take you through some promising statistics of a renowned ridesharing app – BlaBlaCar.
In 2019, BlaBlaCar announced revenue growth of 71% as compared to the previous year (2018). By then the profit has been accelerating for the brand making it a preferred name in the carpooling world.
It may interest you to know that every day more than 1,35,000 people travel using the BlaBlaCar services in France. The unbeatable success stories of BlaBlaCar have encouraged many entrepreneurs to get build and launch a BlaBlaCar-like carpooling app in the marketplace.
As of now, the overall ridesharing industry is likely to grow at a CAGR of almost 16.6% by the end of 2025. This makes it a current profit of USD 85.8 billion. Now the industry experts predict this profit number to go beyond 185.1 billion in 2026.
Wondering what is the current size of the ridesharing app market globally? Well, it has gone beyond the profits of USD 85.8 billion with the Asia Pacific region ruling the domain like a pro.
Drivers can create an account on the platform via a quick and easy sign-up process. This unlocks a series of features ranging from accepting ride requests and completing the tour.
Drivers can update the upcoming ride details including ride location, time, pickup, and drop exact location with a landmark for convenience. This helps the passengers to book a ride faster.
Drivers can leverage multiple third-party integrations incorporated for faster, easier, and safer transactions via the app. This ridesharing app consists of payment methods like a credit card, debit card, PayPal, UPI, etc.
The drivers get complete liberty of accepting or rejecting the upcoming ridesharing requests on the basis of a legit reason like – a different pickup/drop location, low ridesharing fare offered, etc.
The passengers can share their journey experience with the upcoming end-users through the review and rating features.
Drivers get the complete liberty to update the vehicle and ridesharing charges on the app. Plus, s/he can edit or update personal details like car vehicle number, personal information, etc. for users’ reference.
Admin gets complete control over the rides through an interactive dashboard. It enables you to add/remove and view the driver’s details, and trip details with one click.
Admin can add as many coupons and discounted deals to let users avail and book a ride without letting it cost a leg and an arm. This helps to expand and encourage more and more users to join the rideshare platform.
Rideshare app admin can view the entire list of active users riding or scheduling rides. This feature proves helpful in verifying and keeping track of all rides initiated in a particular region.
It is the responsibility of the admin to evaluate the total profit earned on each ride and split the share among the rideshare company and driver based on the decided percentage.
End-users can create a personalized account on the ridesharing app by entering unique credentials. This gives direct access to ride booking, rating, and many other features.
Users can search for drivers or ridesharing options available for a particular location. Therefore, it helps in picking a ridesharing service provider with the lowest fare charges mentioned.
End-users can connect with the car owner/ridesharing provider/driver through messages or call feature. The calls and messages are initiated through the app itself to keep a track of communication done between two parties.
The users can rate and review the ridesharing experience to help the upcoming users book a ride comfortably without a doubt.
Your dream of turning your rideshare app business model into reality is only possible when you have a reliable rideshare app ready to launch. And for this, you will need a technology partner by your side.
That’s why we at Code Brew Labs follow a set of steps to develop and deliver a fully-customizable BlaBlaCar clone app. Having a well-defined strategy in mind helps our team execute and deliver the final on-demand rideshare app within 3-4 weeks of commencement. And the only secret is our 5-step approach.
Our business development experts team interacts and understands your idea of a rideshare app, discusses budget, and other constraints to get started.
We use a set of tools and conduct thorough research to bring the latest features and functionalities to the table for you. Strategy making process reduces the chances of unexpected loopholes in the execution process.
Our project managers align a team of developers to execute the fully-customizable rideshare app development process in full swing. The process is carried out with the latest technology stack to ensure an enterprise-level product is delivered at last. This is one of our approaches to let your business stand out in this cutthroat competition.
The development process is followed by rigid quality tests to ensure a bug-free app. Furthermore, we proceed to the deployment stage after receiving a green signal from the QA team.
Our team remains aligned with your in-house team to ensure timely updates, maintenance, and a bug-free app user experience.
We at Code Brew Labs hold decades of experience in developing and delivering on-demand ridesharing apps in 3 weeks. Our team of knowledge-rich developers works on the latest technology stack follows the agile methodology and evaluates your business needs minutely, so you can have a robust final product ready within weeks.
As of now, we have served up to 1000 businesses with a reliable & customizable ridesharing app yet we continue to strive and prove ourselves as a preferred on-demand app development company suiting your business needs. Be it developing and launching a 100% customizable BlaBlaCar clone app or developing a new concept from scratch, we have got you covered.July 9, 2022