It wasn’t that long ago that UBER came on the scene. Now, just ten years later, they are considering a possible valuation of 120 billion as an initial public offering. LYFT, another ride-sharing company that started in 2012, is now valued at $15.1 billion seven years later.

Ride-sharing companies like Uber and LYFT were born out of the technological boom that we have 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 a company (UberCab) in San Francisco came up with an app that could request a ride using a smartphone, the rest is history.

Innovation, cutting-edge technology, recognition of a need in the market, and experienced leadership all play a part in creating a successful company.

The question is, can these innovative startups that have been so successful evolve once again? The answer is obviously yes.

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

How can the ridesharing industry reinvent itself?

When one industry has failed to meet the demands for growing market share, another is poised 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 potential gaps?

Listening to the complaints of drivers and passengers alike opens up new opportunities for innovation.

RIDERS

Passenger Safety Concerns

Amazing surge charges

No traveling with small children: Uber and LYFT do not provide child safety seats.

You can’t request a driver you like.

DRIVERS

security concerns

You need a better pay structure for drivers. It pays the bills but that’s it.

Inconsistent, good as a temporary job but nothing for the long-term employee.

Unable to create own business book to create more consistency.

Interrupting the Disruptors

One such company by the name of TRYP Technologies, Inc. has identified many of these gaps and appears to be on the forefront of becoming a disruptor in the ride sharing industry. His model not only creates more independence for drivers, but also addresses many of the concerns passengers have. TRYP Technologies, Inc. is headquartered in Las Vegas, Nevada and promises to become a major disruptor in the ride-sharing market starting in 2019.

For the TRYP Riders have targeted

• Security concerns that allow the passenger with a click to make the central office listen and act accordingly.
• Second, there are no overcharge charges, which has always been a common complaint.
• They promise to be one or two percent less than their competitors
• They have addressed the concerns of parents with young children about the availability of car seats.
• They can also request the driver of their choice.
• Referral program that earns points that can be converted into cash.

As for the TRYP drivers, they can

• Earn 100% of the fare and tip and you can get paid from the app instantly.
• Drivers pay a monthly software subscription fee of $199.
• The driver app includes security features when clicked on, which will allow the central office to listen and act accordingly.
• Build your own business book that allows riders to request them.
• Referral program that earns every time a referred driver picks up a passenger.
• storage options

Tryp’s technology is designed to provide fast, efficient and affordable on-demand transportation with complete peace of mind throughout the journey. Their claim to closely monitor the safety of all their users at every point during Tryp’s journey makes them a disruptive factor for the ride-sharing industry.

If you are interested in becoming a driver, check out their driver program at: www.Fastzap.net/tryp

Article written by Scott Johnson, Independent Consultant for TRYP Technologies.

Copyright 2019