May 2, 2013
If you have ever been in a crowded city, you know how hard it can be to find a ride. Flagging down taxis on a street corner is never the highpoint of anyone’s day. Even if you happen to find a ride, there is no guarantee you will not be overcharged, until now. RideAuction aims to solve these problems through their web and mobile application.
Developed by Sean Shakirov, Fuad Mak, and Shoru Hatamov, RideAuction decreases the stress involved in finding a taxi or limousine. RideAuction is a unique platform created to utilize the excess capacity of limos and taxis for the benefit of both the consumer and the provider.
RideAuction’s apps provide real-time virtual negotiations between provider and consumer that results in a win-win situation. According to the team, consumers can save up to 27 percent on fare by naming their own price, while allowing providers to earn up to 32 percent more profit by employing their extra vehicles.
Just like online travel agents, users bid on transportation by selecting their destination, originating address, passenger number, and time of pickup. RideAuction’s interface allows users to quickly filter their results by providing four separate search categories: airport, hourly, point-to-point one-way transfers, and bus, stretch, or exotic cars.
RideAuction is the best new way to quickly find a limo or taxicab without overpaying. It allows users to bid for Uber cars at taxi rates or taxicabs at Lyft rates while saving money in the process. Begin bidding and naming your price for transportation with RideAuction.
RideAuction was a showcased startup at our Tech Cocktail San Francisco mixer.
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