1 Year on RYDE Hits 40,000 Requests Monthly With Version 4!

Singapore carpooling startup hits
all-time high

7 June 2016, Singapore – RYDE, Singapore’s number one carpooling mobile app, hits
all-time high with 40,000 requests monthly with the launch of its version 4
app. Singapore has been quick to embrace this innovative disruption with RYDE’s
network reaching 50,000 members in the first year since its launch.

 

Its latest app upgrade enhances
information flow between members. It allows riders to view drivers’ ride
offers, choose a suitable driver based on past reviews and make a note to the
driver. There is a trip log where members can view their pending and completed
trips at a glance. A direct SMS function is also included to allow drivers and
riders to contact each other upon a successful match.

 

Extensive member base throughout
Singapore. Orange denotes riders. Magenta denotes drivers.

Terence, Founder and CEO of RYDE
Technologies, says, “We are
truly transforming the lives of many as we provide an alternative way of moving
around the city, connecting 50,000 members in our social network and doing
thousands of matches monthly. We have increased our member base by another 150%
since January – over a period of 4 months.”

 

RYDE
uses data analytics to provide the competitive edge in their operations by
analyzing data and identifying patterns to help make better business decisions.
For example, identifying temporally when there are spikes in demand. Data shows
that the peak periods in the mornings are from 7.45 am to 9.15 am and in the
evenings from 5.45 pm to 7 pm. Another metric is the average carpool distance.
This has increased from 14.6km in 2015 to 16.6km in 2016. Further analysis is
performed to find out where the concentration of demand and supply areas are.
This allows RYDE to better target potential areas of excess demand or supply
resulting in better optimization, operations and marketing efforts.

 

RYDE
has also launched an “industry-first” personal accident insurance with coverage
of up to S$10,000 for all verified members, free of charge, when carpooling
with the RYDE app. RYDE is committed to creating the safest carpooling platform
and providing a peace of mind with additional insurance.

 

RYDE provides a sustainable way of
commuting. By promoting
carpooling, RYDE reduces congestion and our carbon footprint. RYDE has
partnered Cycle & Carriage in April 2016 to launch the RYDE Carpool
Challenge. About 2 months into the campaign, RYDE has already clocked a total
distance of 300,000km and has reduced 60,000kg of carbon emissions. It is well
on track to meet its target of clocking a total carpool distance of 1,000,000km
and thereby reducing 200,000kg of carbon emissions in the campaign.