RIDE (taxi service) explained

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}}

History

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.

References

Notes and References

  1. Web site: Samrawit Fikru . 2024-08-16 . en-US.
  2. Web site: Fortune . (Addis) . Ride Hailers Contend for Ascendancy . 2024-08-16 . en-US.
  3. Web site: 2022-11-02 . Ethiopia's ride-hailing startups face their toughest opponents: each other . 2024-08-16 . Rest of World . en-US.