Can the Rideshare industry be reinvented?

It wasn’t that long ago that UBER came on the scene. Now just ten years later, a possible estimate of 120 billion is seen as an IPO. LYFT is another Rideshare company launched in 2012, now seven years later, estimated at 15.1 billion.

Rideshare companies like Uber and LYFT have emerged from the technological boom we’ve all witnessed in the last 10 years. Companies like Groupon and Airbnb have become benefactors of a new era of growth never seen before.

Rideshare started because the company (UberCab) in San Francisco came up with an application that could welcome driving a smartphone, the rest is history.

Innovation, cutting-edge technology, recognizing market needs and experienced leadership play a role in creating a successful company.

The question is whether these new such innovative companies can once again develop. The answer is obviously yes.

Horse-drawn carriages for hire began operating in Paris and London in the early 17th century. Proof that there is always room for new disruptive innovators.

How can the Rideshare industry be reinvented?

Where one industry has not met the requirements of growing market share, another is ready to take its place. The secret, of course, is recognizing and understanding the failings of companies like Uber and LYFT and filling that gap.

Where are these possible gaps?

Listening to driver and driver complaints opens up new opportunities for innovation.


Driver safety questions

Surprising surge charges

I can’t travel with small children – Uber and LYFT don’t offer child car seats.

It is not possible to ask for a driver they like.


Security issues

A better salary structure for drivers is needed. He pays the bills, but that’s all.

Inconsistent, good as a temporary job, but there is nothing in it for a long-term employee.

I can’t create my own business book to create greater consistency.

Interference with distractors

One such company called TRYP Technologies, Inc. it has identified many of these gaps and seems to be at the forefront of becoming a disruptor to the Rideshare industry. Their model not only creates more independence for drivers, but also responds to many drivers ’concerns. TRYP Technologies, Inc. headquartered in Las Vegas, Nevada, promises to become the main disruptor of the rideshare market from 2019.

For TRYP drivers, they turned

  • A safety concern that allows the driver to interrogate and act accordingly with a single click.

  • Second, there are no surge costs which has always been a common complaint.

  • They promise to be one to two percent less than their competitors

  • They addressed the concerns of parents with young children about the availability of car seats.

  • They can also ask for a driver of their choice.

  • A referral program that brings points that can be converted into cash.

As for TRYP drivers, they can

  • Earn 100% of the ticket price and tips and you can pay immediately from the app.

  • Drivers pay a monthly subscription to the $ 199 software.

  • The driver application includes security features when clicked, will allow the home office to listen and act accordingly.

  • Create your own business book that allows drivers to request them.

  • A referral program that earns money every time a referring driver picks up a driver.

  • Stocks

Tryp technology is designed to provide fast, efficient and affordable on-demand transportation with completely quiet weather throughout the ride. Their claim to carefully monitor the safety of all its users at all times while driving Tryp makes them a hindrance to the rideshare industry.

If you want to become a driver, check out their driver program at:

The article was written by Scott Johnson, an independent consultant for TRYP Technologies.

Copyright 2019