Top RideSharing Companies In 2022

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Top RideSharing Companies In 2022
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Gone are the days when we had to go through
strenuous efforts to hail a taxi. Imagine having
to do that on a sweltering June afternoon or a
stormy night, for that matter. The mere thought
of it can send one into panic mode. Thanks to the
expanding ridesharing world, we no longer have to
fret, for ridesharing applications have made it
relatively simple to catch a ride. According to
growth projections, the ridesharing market will
grow to a whopping USD 242.73 billion in 2028 at
a Compound Annual Growth Rate of 16.3. A
detailed look into some of the top ridesharing
companies will go a long way to helping and
inspiring others to set foot in taxi booking
application development.
What is ridesharing?
A ridesharing application enables users to hire
cabs through a mobile app and website. After
signing up and entering details like name,
contact number, email, and payment information,
the user can book a ride on the app. All the user
has to do now is enter the destination, and a
nearby driver shows up to drop them off at their
destination.
Drivers show up at the pick-up location with the
help of navigation resources. Navigation
resources assist drivers in getting to their
destination by providing directions and awareness
for detours. The application also allows users to
track drivers. The application lets users pay via
multiple payment options like GPay, credit card,
and debit card.
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Top Ridesharing companies in 2022
Uber, popularly hailed as a ridesharing giant, is
at the top of the game with a vast market share,
but there are other companies too, like Lyft,
Juno, Gett, Grab, and Bolt, in the business that
have been actively competing.
Here are the top ridesharing companies in 2022,
Uber
Lyft
Juno
Gett
Grab
Bolt
Via
Curb
Gojek
A deeper look into some of the top ridesharing
companies will offer better insights.
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Uber
Uber remains at the top of the game despite the
escalating number of similar taxi booking apps,
thus owning the title- frontiers in the
ridesharing services market.
Launched in California initially, Uber has not
been short of controversies and has still managed
to garner a reputation for itself. Proof lies in
the fact that Uber is estimated to have generated
17.4 billion in revenue in 2021.

Pros of Uber
Uber caters to passenger needs in many ways. Its
range of services includes UberX, which seats up
to four passengers UberXL, which seats more
people Uber Select for more luxurious rides.
Uber provides services at a cheaper rate compared
to regular cabs.
User-friendly mobile application.
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Cons of Uber
Uber practices surge pricing. Uber doubles or
triples the fare when the demand is high, which
has not been received well by users.
Uber has faced accusations of discrimination
against customers in the past.

Availability
Uber operates in more than 70 countries and 10000
cities globally. The United States, where Uber
first began its services, offers the most access
to Uber.

Mobile apps
Uber operates its mobile apps on the Android and
iOS operating systems.
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Lyft
Lyft, another popular ridesharing service
provider, can be rightly termed as Ubers
competitor, with its services available to nearly
95 of the United States population.
Lyft claims to commit to effecting positive
changes for cities by reducing carbon emissions
from its rides and by promoting shared vehicle
rides, bike share systems, and electric scooters.


Pros of Lyft
Lyft, like Uber, comes with a wide range. Lyft
Plus seats more people than Lyft. Lyft Premier is
for more luxurious rides.
Lyft mandates its drivers to have completely
up-to-date insurance coverage on their vehicles.
Its focus on safety gives Lyft a competitive edge
over its competitors.

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Cons of Lyft
One of the drawbacks of Lyft is that it operates
only in the United States and Canada.
Their drivers are not guaranteed a minimum wage
and have few benefits.

Availability
Lyft operates only in the US and Canada.

Mobile apps
Lyft operates its mobile apps on the Android and
iOS operating systems.
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Juno
Juno started its ridesharing services in 2016 in
New York. Juno entered the ride-hailing market
with a driver-focused angle. Juno said it paid
more money per ride to drivers than Uber and
Lyft. It even went on to become the next big
company after Uber and Lyft. Sadly, Juno could
not sustain itself and announced that it would
cease its operations in 2019.
Gett, a ride-hailing company, acquired Juno for
200 million. Juno told its users to switch to
Lyft for ridesharing needs.

Pros of Juno
Juno worked towards creating a hopeful beacon for
drivers with a tip button, lower commissions, and
other incentives and options.
Lower commission fees compared to its other
competitors.
It stood right to its tagline, Juno treats
drivers better, drivers treat you better, by
providing 24/7 support for drivers and customers.
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Cons of Juno
Junos service was limited to New York and some
parts of New Jersey.
Juno was infamously known for promising equity to
its drivers but only settling with a small,
one-time payment.

Availability
Juno provided its services only in New York and
some parts of New Jersey.
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Gett
Gett is an international on-demand rideshare
company that started its operations in Israel as
GetTaxi in 2010. It is now the highest-rated UK
taxi app. Unlike Uber and other similar apps,
Gett hails only taxis, not ordinary drivers.
Gett is mainly a B2B transportation technology
network focused on ground transportation
management, while its competitors center on
on-demand car services. It operates in 100
countries and over 1500 cities, serving over a
quarter of Fortune 500 companies. Gett, having
acquired Juno, transitioned all of its operations
in the United States to the Juno platform.

Pros of Gett
Gett lets its drivers keep all of their tips.
Gett helps solve the issue of hectic traveling
and offers 24/7 support to business customers.
Gett claims on its website that it provides
simple solutions for a corporations travelers
with SaaS solutions.
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Cons of Gett
Gett is not easy to access when there is peak
demand for taxis- when its raining or during
rush hour.

Availability
Gett is available in North America, Europe,
Israel, and Russia.

Mobile apps
Gett operates its mobile apps on the Android and
iOS operating systems.
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Grab
Grab, a predominant taxi-booking app in the
Southeast Asian region, began its operations in
2012. It was formerly known as GrabTaxi.
GrabHitch services by Grab allow users to carpool
and hence offer cheaper rides. It typically costs
20-404 less per ride.
Grab offers a variety of car and taxi options.
GrabCar is where it operates like Uber- drivers
register to use their vehicles. GrabTaxi is where
Grab pairs with other licensed taxi services
allowing users to get a taxi through the app.
Grab also offers GrabBike(motorcycle) and
GrabExpress(courier service), depending on the
area.

Pros of Grab
Grab provides various taxi options to suit
customer needs.
GrabHitch helps reduce carbon footprint.
GrabFamily provides safety seats for customers.
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Cons of Grab
Grab offers its services only in 30 cities across
the Southeast Asian region.

Availability
Grab is available in eight countries across the
Southeast Asian region, including Singapore,
Malaysia, Indonesia, and the Philippines.

Mobile apps
Grab operates its mobile apps on the Android and
iOS operating systems.
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Bolt
Bolt, initially known as Taxify and founded in
2013, is the first European super-app with the
mission to make urban mobility more affordable,
safe, and sustainable. Bolt is now one of the
fastest-growing mobility platforms, offering
ride-hailing, car-sharing, and electric-scooter
services to more than 100 million customers in
over 45 countries.
Bolt has become a fierce competitor to Uber in
many parts of Europe.

Pros of Bolt
Bolt actively tries to reduce its carbon
footprint by bringing more electric vehicles and
scooters.
Bolts Green Plan intends to impact communities
positively and includes investing in
reforestation and soil conservation.
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Cons of Bolt
There is no wide range of car types available as
provided by its other competitors.

Available countries
Bolt operates in over 500 cities across Europe,
Africa, Asia, and Latin America.


Mobile apps
Bolt operates its mobile apps on the Android and
iOS operating systems.
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Via
Via, headquartered in New York City, is another
ride-hailing operator that connected users to
affordable car rides.
Vias decided to cease its on-demand ride
operations when profits started to decline after
the pandemic. It has now shifted its attention to
mass transit systems like buses and vans. Via is
now pretty content with its growth of transit
technology.

Pros of Via
Via was open to letting licensed service animals
ride with their owners.
Via has come to be an efficient option in public
transportation networks.
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Cons of Via
Vias ride-hailing service prevailed only in a
few select markets, unlike Uber or Lyft.

Available countries
Via operates in over 20 countries globally,
including the United States, United Kingdom,
Germany, France, and Canada.

Mobile apps
Via operates its mobile apps on the Android and
iOS operating systems.
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Curb
Curb is one of the top taxi apps in the United
States. It is known for enabling users to connect
with nearby taxi drivers through the application.
The Pair and Pay feature allows users to pay with
their preferred payment method instead of with
cash.

Pros of Curb
People find it relatively simple to hail a taxi
with the help of the Curb app.
Curb ensures to make a thorough check on taxi
drivers.
There is no prevalence of surge pricing.
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Cons of Curb
The Pair and Pay option is available only in
select cities.

Available countries
Curb is available for operations in 65 cities
across the United States of America.

Mobile apps
Curb operates its mobile apps on the Android and
iOS operating systems.
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Gojek
Gojek is an Indonesian company founded in 2010
that provides on-demand ride-hailing and many
other services like food delivery. Since its
focus is on the Southeast Asian market, it is no
secret that Grub is its rival.
Gojek provides a wide range of options for its
users. GoCar, GoCar XL, and GoTaxi are some of
the options available.
GoRide is Gojeks motorbike ride sharing service.

Pros of Gojek
Gojeks motorbike ride-hailing services provide a
competitive edge to others in the business.

Cons of Gojek
Gojek, in the past, got into a controversy when
it suspended its drivers, citing their fraud
attempts.
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Available countries
Gojek is available in over 200 cities in five
Southeast Asian countries

Mobile apps
Curb operates its mobile apps on the Android and
iOS operating systems.
Wrapping up
The ridesharing service offers numerous benefits
like easy booking options, no parking trouble,
and a low carbon footprint.
The global ride sharing market is to hit USD
242.73 billion in 2028. No wonder the success of
these apps acts as a driving factor for other
players looking to set foot. Though these top
ridesharing companies have garnered enough
support and made it big, other new entrants still
stand a chance, provided impressive market
research is not compromised.
Our product adds a precise business model and
meticulous planning to the table that will help
your business gain a foothold in the ridesharing
market.
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