Industry: | Public transport |
Founded: | December 2014 |
Founder: | Samrawit Fikru |
Hq Location City: | Sheger Building, Namibia Street, Addis Ababa |
Hq Location Country: | Ethiopia |
Area Served: | Ethiopia |
Key People: | Samrawit Fikru (CEO) |
Products: | Online service |
Parent: | Hybrid Designs PLC |
RIDE is a last=Insight |first=Addis |date=2022-07-14 |title=Ride vs Feres who's becoming a winner |url=https://addisinsight.net/2022/07/ride-vs-feres-whos-becoming-a-winner/ |access-date=2024-08-16 |website=Addis Insight |language=en-US}}
RIDE ridesharing and SMS based service was conceptualized by Hybrid Designs PLC founder Samrawit Fikru in December 2014.[1] In July 2017, it was relaunched as mobile app. In 2016, Zayride, an online booking service was launched by Habtamu Tadesse.[2] [3] Since 2016, the service had 42,000 authorized taxi drivers, while other ridesharing company named Feres is major competitor of RIDE. RIDE charges 12% commission from driver while Feres charges only 8% commission, pay to the company.