Tag Archives: SideCar

An app for an app


In 2013, while in a brewing turf war against Uber, Lyft, SideCar and other ride-sharing companies, cab companies in the San Francisco Bay Area fought back with help of another app called Flywheel. Just like Uber, Lyft and other ride-sharing apps, Flywheel lets customers request a cab using their smartphones. The app will show where the driver is located and allows the customer to track the driver as he gets closer. Payments are made via credit card stored on the app. According to its creators, Flywheel has many advantages against its competitors: it works with legitimate taxis that are already out on the streets and available at all times; they have professional, licensed drivers and not random drivers in their personal cars; their rates are standard and there’s no surge pricing unlike Uber. While its CEO Rakesh Mathur acknowledges that Uber could be the best thing that happened to the taxi industry because it forced them to improve their services, he hopes that Flywheel will be the app that will help to truly modernise the industry.

And while Uber reels from its public relations disaster last week, Flywheel happily drove away with a $12 million Series C funding from a consortium of investors. The funding is simply a validation that Flywheel is on the right track. With the new funding, the company hopes to expand its service nationwide.

Ride-sharing, the new normal?


Digital hitchhiking or taxi disruption? Whatever your view, a few years ago, sharing a ride with total strangers would’ve been unthinkable to the greater populous, but today, the exponential growth of services like Uber, Lyft and SideCar only proves that the ride-sharing lifestyle is fast gaining traction. Most of these companies have a smartphone app that works on both iOS and Android. The app allows a customer to see drivers who are in the area and inform the customer how long it will take for a car to arrive. What makes peer-to-peer transportation so appealing is that it’s cheaper than using regular taxis. Drivers are also vetted, payments are made securely via credit card, there‚Äôs no haggling and tips are not allowed. In short, they meet a need with a brilliant consumer value proposition. Despite problems with city regulations and run-ins with big taxi businesses, it seems that there’s no stopping these ride-sharing companies from gaining traction. To date, Uber has spread to 41 countries and has a market value of $18.2 billion. Lyft, was also most recently valued at $700 million. Today, SideCar revs up with a $15 million funding round from Sir Richard Branson.

Read about the funding here.