Travel: US-based ride-hailing company Uber was founded in 2009 under the name Ubercab. Uber’s aftermath is called his Uberization because Uber has become such a prominent presence in the sharing economy. Uber’s taxi service grabbed a staggering 67% market share in the US in 2019. Meanwhile, Uber’s grocery delivery service, Uber Eats, captured a 24% share of the grocery delivery segment in 2018. Uber Cab’s first nationwide rollout came in his 2019, resulting in all of New York seeing his Uber presence. Uber’s 10-year journey has brought various milestones of success, insight, controversy and expansion, making Uber a household name across the board. Uber taxis now operate in more than 72 countries, with a range of travel options to choose from, from budget rides to motorcycles, sedans and SUVs.
In addition to taxis, Uber is also experimenting with expanding services such as Uber Eats (meal delivery) and Uber Freight (logistics) into new areas. Through its Uber Advanced Technologies Group, Uber is once again pushing new developments in the field of self-driving cars.
First of all, people don’t have to wait for a ride anymore, they can get one with just one tap. Also, the user can control the movement and payment will be easier for him using the features of the Uber application. Certain highlights help Uber generate higher revenue.
Features:
1. A car for every choice – With segments like Uber X, Uber Black, Uber Taxi and Uber SUV, there’s a choice for everyone.
2. Price Soaring Technology – Ride prices fluctuate based on certain parameters such as increased demand, number of drivers available, number of requests.
3. Vehicles other than cars – Uber isn’t limited to cars. . They have stepped up their game by adding boats, helicopters and a few other vehicles to their roster. We also offer a motorbike pick-up service (Paris), a delivery service (San Francisco) and an ice cream truck delivery service. However, while these options are available in some geographic locations, they have added new revenue streams to our business model.
Industry: The taxi market is huge and is expected to grow at a CAGR of 8.95%. The main reason for this growth is the growing need for travel, ride-sharing and carpool services. According to the latest report, the Indian online tax services market is expected to grow by 12.93% in 2020.
Uber Executive Team
Garrett Camp, Oscar Salazar and Travis Kalanick are the founders of Uber. Dara Khosrowshahi is currently CEO of Uber.
Uber’s Mission Statement:
Uber’s VISION statement reads, “Transportation as reliable as running water for everyone, everywhere.”
Uber’s mission statement reads: It is written. .”Because we believe that mobility should be an accessible world. So that you can move safely and earn money. in a sustainable way
