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RIDE is a ridesharing service in Ethiopia founded by Samrawit Fikru, founder of Hybrid Designs PLC. In July 2017, RIDE relaunched as a mobile app. Since 2016, RIDE service authorized 42,000 taxi drivers, charging with 12% commission.[1]
| Industry | Public transportation |
|---|---|
| Founded | December 2014 |
| Founder | Samrawit Fikru |
| Headquarters | Sheger Building, Namibia St, Addis Ababa , Ethiopia |
Area served | Ethiopia |
Key people | Samrawit Fikru (CEO) |
| Products | Online service |
| Parent | Hybrid Designs PLC |
| Website | ride8294 |
History
editRIDE ridesharing and SMS based service was conceptualized by Hybrid Designs PLC founder Samrawit Fikru in December 2014.[2] In July 2017, it was relaunched as mobile app. In 2016, Zayride, an online booking service was launched by Habtamu Tadesse.[3][4] Since 2016, the service had 42,000 authorized taxi drivers, while other ridesharing company named Feres is major competitor of RIDE.[1] RIDE charges 12% commission from driver while Feres charges only 8% commission, pay to the company.[1]
References
edit- ^ a b c Insight, Addis (2022-07-14). "Ride vs Feres who's becoming a winner". Addis Insight. Retrieved 2024-08-16.
- ^ "Samrawit Fikru". Retrieved 2024-08-16.
- ^ Fortune, (Addis). "Ride Hailers Contend for Ascendancy". Retrieved 2024-08-16.
- ^ "Ethiopia's ride-hailing startups face their toughest opponents: each other". Rest of World. 2022-11-02. Retrieved 2024-08-16.