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What is ride-hailing?
Ride-hailing is very similar to taxi but it’s not a taxi business. There’s no need for a business owner to buy cars which saves quite a lot of money and gets rid of a headache. All you need is to connect drivers with their personal cars and passengers.
Usually, you do it providing mobile apps for drivers and passengers.
Have you ever heard about Uber? That's ride-hailing.
Statistics and Predictions
1. Ride-hailing is going to reach US$216,810m of revenue this year.
2. An annual growth rate of this business sector is expected to rise by 13.7% which increases a market volume up to US$318,765m by 2023.
Sounds good, right?
Return on Investment (ROI)
If you're ready to work hard and put enough efforts you can get your investments back within… 1-2 years!