MotoStream’s Post

🚗🇨🇾 Case Study: How RideNow Launched Car-Sharing in Cyprus with CT Mobility and Expanded to 500 Cars In 2019, two dreamers recognized a gap in the Cypriot market for a convenient car-sharing service and decided to change that. 🚀 Project Launch With an initial investment of around €75,000, they purchased their first eight vehicles and, in early 2020, launched the RideNow service in Paphos. A pivotal decision involved selecting the right technology platform—they considered three companies, including CT Mobility. Despite the first company's extensive experience in Europe, they ultimately rejected its services due to high costs. They tested both CT Mobility and another platform using demo kits and ultimately chose CT Mobility for its superior functionality. 🚘 First Customers and Early Challenges They attracted initial customers through Instagram and Facebook ads, highlighting that users could rent a car for as little as one minute. At first, there were only two or three trips per day, but interest gradually grew. With the onset of the COVID-19 pandemic, the business had to adapt quickly. They produced a video showcasing the safety measures in place for using their vehicles and shifted focus to long-term rental options. This strategy enabled them to rent out their entire fleet and keep the business afloat. 🤝 Growth and Partnerships After restrictions lifted, RideNow secured partnership agreements with local car rental companies, significantly expanding its fleet. By 2021, with 50 cars in operation, they reached their break-even point. Today, RideNow operates over 500 vehicles and continues to expand, aiming to cover all major cities in Cyprus. 💡 Advice for Entrepreneurs Scale Matters: start with a fleet of at least 50 cars to ensure availability and foster customer retention. Adaptability in Crisis: rapidly adjusting to new conditions can save a business during challenging times. Select Reliable Partners: CT Mobility's responsive support was a crucial factor in their success, providing consistent and effective problem resolution. 🏁 Conclusion RideNow's journey illustrates how a blend of boldness, strategic planning, and reliable partnerships can drive success even in the face of significant challenges.

🛴 🚗🛺🚌TIER Mobility becomes Dott post the merger, inDrive expanded into Zimbabwe, Uber forms a multi year deal with Avride and more on today's newsletter...   #MicromobilitySharing 🛴TIER Mobility becomes Dott post #merger of the two micromobility companies. The two startups had laid out plans to merge in January 2024.   🛴In early 2024, #Italy’s electric micromobility saw 65,000 eMoped rides, 60,000 eScooter trips, and 42,000 eBike rides. Overall, trips grew 40% from 2023.   🛴Turkish micromobility operator hop records 50%+ EBITDA margin. Hop now operates over 20,000 e-scooters in 21 markets.   🚴♂️Tartu bikeshare ridership down quarter from debut year numbers as e-scooters have gotten more popular   🛴Spin E-scooters make their way back to Albuquerque   #Carpooling  🚗BlaBlaCar recorded more than 970,000 shared trips in Spain between July and September 2024, maintaining the same levels of activity as last year   #Carsharing 🚗Carsan is launching its web platform for P2P carsharing, after testing it on third-party platforms for 3 years. Carsan has 300 luxury cars in its fleet   #Ridehailing 🚕Uber partners with IPO-bound Shadowfax to integrate the logistics service provider’s two wheeler fleet into its bike taxi offering. Shadowfax's has an extensive fleet of over 200,000 active two-wheelers, broadening Uber's driver pool   🚕Kakao Corp was fined $54.9 million for allegedly violating competition laws.   🚕inDrive has announced #expansion of its #ridehailing services across four major cities in #Zimbabwe   🚕Mobilitas Insurance has renewed its partnership with Lyft #DRT  🚌VIA Metropolitan Transit launches VIA Link service to Northeast Lakeview College expanding the on-demand transit option, with fare-free rides for students and faculty   🚌The Routing Company (TRC) will support New York’s Rochester-Genesee Regional Transportation Authority with DRT service; it will be operated from seven properties across all the rural counties   #AutonomousShared 🚖Uber formed multi-year deal with Yandex spinout Avride to bring the company’s sidewalk delivery robots and autonomous vehicles to both Uber Eats and Uber. Avride has shifted its headquarters to #Austin.    🚖The Vegas Golden Knights announced a new partnership with Zoox   🚌May Mobility is deploying its autonomous vehicle service in Peachtree Corners, one of the first smart city environments in the US, powered by T-Mobile’s 5G network.   🚌Beep, Inc., launched C.A.B. or Campus Autonomous Bus, at Mississippi State University, marking Mississippi and Southeastern Conference's first-ever autonomous pilot program. #weeklysharedmobilitynewsletter2024 #Mobility #news #newsletter  

🛴 🚗🛺🚌 DiDi reports fourth quarter profitability, Hiyacar and Cabify raise funding, Getaround's revenue increases 22% y-o-y and more on today's newsletter!   #MicromobilitySharing 🚲Bike Share Pittsburgh Inc. - POGOH Hits 1 Million Rides, Proposes 53 New Stations   🚲Citi Bike, NYC’s bike sharing program, is now available at Citi Field   #Carsharing 🚗Zoomcar has partnered with ACKO Drive, to empower local Zoomcar Hosts to expand their car fleet.   🚗Getaround reports 2023 results - Total Revenues of $72.7 million, an increase of 22% y-o-y and Gross Booking Value of $204 million, an increase of 16% y-o-y   🚗Shoffr, which mostly offers airport taxi services, has raised $1 million through a “user-only” community investment route. Around 30% of the investors are founders themselves who collectively raised more than $2.5 billion   🚗Founded in 2011 as a three-car, 40-member car-sharing network, Peg City Car Co-op has grown its membership to over 4,000, while its fleet has grown to over 140 vehicles 🚗Hiyacar Secures £1.2M Investment to Drive B2B and Carsharing Expansion   #Ridehailing #DRT 🚕Lyft introduces in-app video ads and appoints a new CMO from Meta, aiming to revolutionize digital advertising in the ridehailing industry and enhance user engagement with innovative marketing strategies   🚕DiDi reported a fourth-quarter profit, gradually recovering from difficulties after prolonged regulatory scrutiny. Revenues jumped 55.4% to 49.4 billion yuan for the quarter.   🚕Cabify has raised $110 million in financing aimed at accelerating its growth in #LatinAmerica and #Spain   🚕WeFlex, has teamed up with Toyota Motor Corporation to launch its first, fully electric vehicle the bZ4X to the London RideHailing market   #AutonomousShared 🚖NewYork City welcomes robotaxis — but only with safety drivers ensuring that operators are ready to test the technology in the country’s most challenging urban environment safely and proficiently.   🚖Robotaxis now able to drive through LosAngeles, Waymo plans to continue to scale its fleet of robotaxis from Santa Monica to downtown L.A   🚌Schiphol Airport Trials Self-Driving Buses Airside, the shuttle bus has a capacity of 8 passengers. This is a step towards its ambition of having emissions-free and autonomous ground operations by 2050   For regular content on the global shared mobility market do consider following me! #weeklysharedmobilitynewsletter2024 #newsletter #sharedmobility

Another Car Sharing company closes in the USA. Sad to hear about GIG Car Share, the free-float car share that was launched in San Francisco area 7 years ago by the venture arm of the local AAA. For comparison, 2 years earlier BCAA launched Evo Car Share in Vancouver, and with 2,300+ cars it certainly has demand. I think the TLDR version is that the car sharing is super hard in the USA because of poor transit systems. Regardless of all of the "flying on-demand shared AI EV" inventions, without a basic transit backbone delivering real mobility that 'everyone' uses, car ownership will be required for too many people (ie "non-poor people") to allow for the shared industry to flourish and provide the options needed. Weirdly, the USA is the only place (?) with non-profit carsharing as a key component of the industry. Thank goodness, and well done to Colorado CarShare HOURCAR #Eviecarshare CarShare Vermont Ithaca Carshare Shared Mobility Inc Shared-Use Mobility Center Carsharing Association #GOForthcarshare and of course keep on sharing Zipcar Enterprise Mobility and the new EV programs from #Blinkmobility Envoy - Electric Car Share Míocar Sway Mobility Inc.

#Weekly #sharedmobility #News Update #Newsletter 🛴 🚗🛺🚌Yulu Raises Funding, Translink pilots multimodal app, Blusmart partners with Tata Powers and more .. #Micromobility Sharing 🛴 Yulu Bikes raises USD 19.25-million capital in equity funding enabling it to strengthen its market leadership 🚲Houston BCycle, facing imminent shutdown, lowers prices and reactivates some stations to boost ridership 🚲Pacers bikeshare program offering free rides for NBA All-Star Weekend 🚲Cityscoot to be acquired by Cooltra continuing the acquisition spree in #micromobility sharing 🚲#Paris-based startup ZEWAY Mobility will expand its swappable battery scooter service to #Spain this spring and Italy by the end of the year 🚲#Sydney pilots designated parking zones for shared bikes #Carsharing #Ridehailing #MaaS #DRT 🚗GreenGo, wigo carsharing (known as Share Now) and MOL Limo, have collectively driven more than 70 mn kms since their launch in #Hungary 🚌TransLink, Modo, Evo Car Share, and Vancouver Bike Share aka Mobi by Rogers are testing a new app called #RideLink that brings together transit, carshare, and bikeshare services 🚗Zoomcar partnered with electric vehicles self-drive rental SPARKCARS to introduce over 1000 EV’s on its platform 🚕FREENOW and Regula Forge a New Era of Security in Poland. By incorporating cutting-edge technology, FREENOW can conduct #comprehensive identity checks on its partner taxi drivers 🚕High-end ridehailing service Wheely will offer member-only services with a minimum fare of $40.8 in Dubai to capitalize on the city’s influx of #ultrawealthy individuals 🚕Uber has signed a MoU with Open Network For Digital Commerce (ONDC) to expand the range of mobility offerings 🚕BluSmart will power its fleet of electric cabs with solar energy supplied by TATA Power, marking a key step towards #sustainable transportation in India 🚌BUSUP reported a 75% #increase in #turnover, amounting to 29.1 million euros in 2023. This surge is attributed to the growing demand for private employee transportation #Autonomous Shared Mobility 🚖General Motors is planning to restart Cruise robotaxi testing in #Houstan and #Dallas after implementing new safety procedures 🚖Autonomous driving startup from China HAOMO.AI has raised $14 million in funding from Great Wall Motors 🚖Waymo’s plans for #expanding their Waymo One robotaxi services in Los Angeles and San Francisco has been put on hold by the California’s regulators as it starts investigating recent crashes by Waymo’s robotaxis   🚌In Florida, a collaboration between Beep, Inc. and Oxa will be operating autonomous shuttles in the campus of Florida State College Frost & Sullivan Sathyanarayana K #Europe #India #NorthAmerica #APAC #Mobilitytrends  

🛴 🚗🛺🚌 Lyft lays off 1% of workforce, Madrid bans E-Scooter Rentals, Beam's license suspended, Uber's multi-year partnership with Turo and more on today's newsletter..   #MicromobilitySharing 🚴♂️Lyft to double down on its docked scooter and bikeshare operations, positioning itself as the ideal partner for cities. The company is laying off about 1% of its workforce.   🚴♂️The Ride New Haven bike share program returned after a 4-year hiatus, with 100 new electric "e-bikes" joining 100 traditional pedal bikes in New Haven.   🛴Voi Technology has partnered with Vias institute, a road safety and mobility knowledge centre, to promote safe e-scooter and e-bike riding in #Belgium.   🛴Vianova I/O has partnered with #Brisbane City Council to enhance the management of shared micromobility using its data-aggregation services before the first climate-positive Olympics in 2032.   🛴Beam Mobility’s Wellington license suspended following allegations that Beam has run a larger fleet of e-scooters on city streets than permitted.   🛴#Madrid bans E-Scooter Rentals Over Safety Concerns following cancellation of licenses for Lime, Dott, and TIER Mobility starting in October, with no plans for new licenses. 🛴Ryde ’s EBITDA skyrockets 400%   #carsharing 🚗Wunder Mobility acquires rival goUrban becoming the largest independent free-floating and station-based micro-mobility and carsharing platform. 🚗Driverless car-sharing startup Vay steers toward B2B services buoyed by recent deals with French automaker Peugeot and Belgium-based Poppy Mobility.  #ridehailing 🛵 Rapido raises $200mn in series E funding, valuation crosses $1.1 billion. The funds will be used to scale up operations and expand services across India   🚕Uber Japan has partnered with Royal Limousine and carsharing service Times Mobility , to enable ordinary drivers to offer ride hailing services even if they do not own vehicles and thus find it easier to start the business.   🚕Uber has announced a multi-year partnership with Turo from early 2025, to integrate Turo's extensive vehicle selection into the Uber Rent platform across the US, Canada, France, the UK, and Australia.   🚕Dida posted a net profit of 947.9 mn yuan ($133.6 mn) for the first half of 2024. That compared with a loss of 220.2 mn yuan in the year-ago period.   🚕Gojek will close its Vietnam business effective September 16, where it’s been struggling to reach profitability   #AutonomousShared 🚖Uber has entered a partnership with British autonomous vehicles start-up Wayve, to develop Level 4 autonomous vehicles which can be deployed on Uber’s platform   🚖It is reported that Tesla will be revealing their #robotaxi mode on October 10th in Los Angeles   🚎 HOLON, by BENTELER Group has announced that it will build a $100 mn factory in Florida, to build autonomous shuttles with a maximum capacity of 12,000 vehicles/year   #weeklysharedmobilitynewsletter2024 #newsletter #mobility #updates

🛴 🚗🛺🚌 Namma Yatri launching Ridehailing services, Communauto expanding its fleet , umob acquires MaaS Global Ltd and more..   #MicromobilitySharing 🚲Capital Bikeshare King St Metro is offering new users free rides for limited time   🚲Peacehealth Rides set to expand bike program with 100 new bikes   🚲Veo Unveils Strategies for Inclusive Micromobility Vehicle Design, link in comments   🚲#Turkey’s leading mobility super app Marti Technologies (NYSE: MRT) announced Revenue of $20.0M, net loss of $33.8M, and adjusted EBITDA of $(17.7)M in FY’23   🚲Yulu partners with Zeco Mobility for expanding operations in #Kochi   #Carsharing #MaaS #DRT 🚗Communauto to add more than 1,100 vehicles to its fleet and bringing its flex service into the Lachine borough.   🚗Turo relaunches car rental exchange in Richmond with Vancouver International Airport   📱Dutch mobility platform umob acquires Finland’s MaaS Global Ltd, gaining Whim App technology   🚎#Ohio DoT launches on-demand transit service in Chillicothe in partnership with the The Routing Company which will includes 22 vehicles that provide on-demand, fixed route, and paratransit service across #Chillicothe.   #Ridehailing 🚕Namma Yatri Launches Ridehailing service in #Bangalore   🚕AutoNavi backed by Alibaba Group Launches Taxi-Hailing Service in #HongKong, But Ride-Hailing Business Remains Restricted   🚕Ola, Uber and Rapido remove in-app wallet payments for #autorickshaws to retain drivers, cut costs. The direct-payment model was first rolled out by Namma Yatri in #Bengaluru in November of 2022.   🚕The new central government rule in #Japan that involves lifting a ban on ridehailing services hopes to give economy a lift   🚕Uber and Lyft will delay their #planned exit from Minneapolis after city officials decided to push back the start of a driver pay raise by two months 🔗 SkedGo launched a new Lit Routing capability, using which the technology adapts, #recalibrating #pedestrian pathways to offer well-lit routes, which are also covered by CCTV  #AutonomousSharedMobility 🚔Tesla Stock Slides as Deutsche Bank Downgrades Tesla due to Tesla's focus on developing a fleet of self-driving taxis.   🚔Waymo begins robotaxi testing in #Atlanta and last week Waymo officially launched paid #robotaxi rides in #LosAngeles   🚔#China's DiDi aims for 1 mn robotaxis on its platform by 2030. It plans to deploy #robotaxis in areas where there is a shortage of ride-hailing car supply   🚔6 Waymo robotaxis block traffic to #SanFrancisco freeway on-ramp, however Waymo immediately dispatched its Roadside Assistance team to manually retrieve the vehicles and that the whole event lasted no longer than 30 minutes   🚎This year, #Volkswagen will start offering robotaxi test drives to customers in #Hamburg   🚎A driverless shuttle called Miki made by Beep, Inc. launched this week operating alongside the current Wiki Wiki Shuttle.    #weeklysharedmobilitynewsletter2024 #newsletter #sharedmobility

It's #startupoftheweek time, and this week it's Turo! 👏 Turo is the largest car sharing marketplace in the world. It allows people to book any car they need, and hosts can build successful car sharing businesses. With a mission to better use the world’s 1.5 billion idle cars, Turo not only gives renters flexible options but also allows hosts to earn money by renting their vehicles. 🚘 Turo is helping more people make extra money from their cars, providing an easy-to-use platform as well as insurance protection for peace of mind #startup #startups #startuplife #carshare #marketplace #cars Read more 👇  https://lnkd.in/dxc4h8T6

#CHALLENGERBRANDS – Dramatic Disruptor. Rapido completely transformed a service sector with ground-breaking innovations and business models. 🔹Rapido, launched in 2015, is an online aggregator of bike taxis, disrupting the traditional commuting industry by providing affordable, safe and convenient last-mile transportation solutions. The company started with a B2B model, moving clients’ belongings, using hired “Captains”: 🛵bike owners who undergo a stringent verification process. Adding a B2C model providing affordable last-mile connectivity to commuters was the disruptive move. Around 60% of short commutes involve single persons and bikes are the best option on India’s congested city roads. 🔹Rapido’s #valueproposition is convenient, quick and affordable bike taxi services for intra-city commuting that is faster and cheaper than autos or cabs. Commuters connect with nearby bike taxis via a mobile app, which has more than 50 million downloads and is rated 4.6/ 5.0 by 2 million reviewers. The company operates in 100+ cities, but it faces bans on bike taxis in several states and sometimes complaints about its Captains’ behaviour. On the supply side the Captain app has 10 million downloads and a rating of 4.6 by 1 million reviewers. Not surprisingly, Rapido’s captains are mainly male, though the company is trying to tilt that balance. 🔹Rapido utilizes several #consumerengagement programs, ensuring helmets for riders and passengers, arranging insurance coverage and an 📲in-app SOS button. It has partnerships and collaborations with local businesses, events and other brands to offer exclusive deals to its users. It runs localized marketing campaigns with culturally relevant themes and participates in college fests, sports events, and cultural festivals. For its Captains, Rapido organizes events for them to interact, share experiences and learn from each other. It runs programs offering financial support or advances. 📈Rapido gained 10% of the taxi aggregator market, while Uber and Ola control about 60-70% share. Rapido has raised $ 310 million over 10 funding rounds from 10 investors, including Swiggy and TVS Motor Company. It has made two acquisitions to move into 🛺autos, diluting its core focus. Revenues rose three times in FY23 compared to FY22. Nevertheless, its losses rose by 54%. In the race to grow fast before competition catches up, that’s a call that founders and funders have to take. 🔹What next? Will this David become a Goliath in the near future? Is the temptation to spread beyond bike taxis to autos well-advised? Is its celebrity-based advertising gender-inclusive enough to convey safety to its female audience? How can it leverage its 50 million+ app downloads using network effects? 🔹Tell me what you think in the comments below. Join the conversation. #lastmile #shortcommute #taxiservices #challengerbrands #startupsindia #startupmarketing #smartmarketing #atmanirbharbharat

Weekly sharedmobility Newsletter 🛴 🚗🛺🚌 DiDi report fourth quarter profitability, Hiyacar and Cabify raise funding, Getaround's revenue increased 22% y-o-y and more .. #Micromobility Sharing 🚲Bike Share Pittsburgh Inc. - POGOH Hits 1 #Million Rides, Proposes 53 New Stations 🚲Citi Bike, NYC’s bike sharing program, is now available at Citi Field #Carsharing #Ridehailing #DRT Zoomcar Holdings, Inc. has partnered with ACKO Drive, a car buying platform by ACKO, to empower local Zoomcar Hosts to expand their car fleet. Getaround report full year 2023 #results - Total #Revenues of $72.7 million, an increase of 22% y-o-y and Gross Booking Value of $204 million, an increase of 16% y-o-y Shoffr, which mostly offers #airport taxi services, has #raised $1 million through a “user-only” community investment route. Around 30% of the investors are founders themselves who collectively raised more than $2.5 billion Founded in 2011 as a three-car, 40-member car-sharing network, Peg City Car Co-op has grown its membership to over 4,000, while its fleet has grown to over 140 vehicles Lyft introduces in-app video ads and appoints a new CMO from Meta, aiming to revolutionize #digital #advertising in the ridehailing industry and enhance user #engagement with innovative marketing strategies DiDi Global reported a #fourth-quarter #profit, gradually recovering from difficulties after prolonged #regulatory scrutiny. Revenues jumped 55.4% to 49.4 billion yuan for the quarter. Cabify has #raised $110 million in financing aimed at accelerating its growth in #LatinAmerica and #Spain WeFlex, has teamed up with Toyota to launch its first, fully electric vehicle the bZ4X to the London #RideHailing market Hiyacar Secures £1.2M Investment to Drive B2B and Carsharing Expansion #Autonomous Shared 🚖#NewYork City welcomes #robotaxis — but only with safety drivers ensuring that operators are ready to test the technology in the country’s most challenging urban environment safely and proficiently. 🚖Robotaxis now able to drive through #LosAngeles, Waymo plans to continue to scale its fleet of robotaxis from Santa Monica to downtown L.A 🚌Schiphol Airport Trials Self-Driving Buses Airside, the #shuttle bus has a capacity of 8 passengers. This is a step towards its ambition of having emissions-free and autonomous ground operations by 2050