What Are Some Competitors Of Uber In 2023

I assume many of you book a cab ride very often. And I guess it could be Uber for many of you. Uber has dominated the market as a cab service. Uber started in 2009 in San Fransisco and has become quite an established brand. If you stand on any street, you can easily spot a few uber vehicles on their routine. Booking a ride or a cab is very easy. Uber may be the leading company out there, but there is tough competition for it as well. In this article, we will look at some competitors of Uber and provide a brief comparison.

Uber is present in almost 72 countries as of December 2022. Uber also provides services such as package delivery, freight transport, food delivery, and courier apart from ride-booking. It has allowed Uber to venture into domains apart from its primary ride-booking service.

A Brief Overview Of Uber

• Founded: 2009
• Founders: Garrett Camp, Travis Kalanick
• Headquarters: San Francisco, California, U.S.
• Number Of Countries Present: 70+
• More Information: Uber

Uber can be considered the pioneer of ride booking for all of us. It provides mobility as a service and ride-hailing as the primary service. You can use Uber’s application and book a ride that would pick you up from your doorstep and drop you at your destination.

What Uber is doing differently is that it started its ventures into food delivery, package delivery, courier, and even freight transport. This is what expanded the business of Uber and outperformed its competitors. As of now, competitors to Uber are not providing many services other than transportation facilities.

Competitors Of Uber

There are many ride-booking companies out there in the market. It would be impractical to list every company and even qualify them as a competitor to Uber. I would try to list the companies which are performing well and are close to Uber in market share and user base. So, let’s start!

1. Ola Cabs

• Founded: 2010
• Founders: Bhavish Aggarwal, Ankit Bhati
• Headquarters: Bengaluru, India
• Number Of Cities Present: 250+
• More Information: Ola Cabs

Ola Cabs was started in the year 2010 starting its journey from the Indian market. Just like others, they provide an easy-to-navigate mobile application to book rides. You are presented with a wide range of vehicle types as cabs to meet your needs. You can either book a small cab to a luxury SUV all in one place.

Recently, Ola has also introduced booking on an hourly basis or even booking cabs from one city to another. Moreover, one feature that is helping users is to book a cab in advance by setting the time and date of their journey. They have also started their own range of electric scooters for a minimal price range. Ola is one of the strongest competitors to Uber and has escalated quite quickly in terms of revenue.

The revenue for the last financial year of Ola was US$110 million.

2. Lyft

• Founded: 2012
• Founders: Logan Green, John Zimmer
• Headquarters: San Francisco, California, U.S.
• Number Of Cities Present: 650+
• More Information: Lyft

Lyft is another great vehicle booking service company that was started by two programmers in the year 2012. This is the second-largest ridesharing company in the US after Uber. This makes Lyft one of the closest and toughest competitors to Uber. When Lyft started, they had a pink mustache across the front of their vehicles. However, as of now, the big pink mustache is replaced by a mustache on the driver’s dashboard.

Lyft is present in almost 650+ cities across the US and Canada. You can

Book generic cab services from their app directly. Apart from generic cabs, they provide a sub-category of luxury cabs as well. Lyft also has the option to book a two-wheeler. It includes bikes and scooters. One interesting feature of Lyft is to check and book transit vehicles such as trains, buses, and ferries too.

The revenue for the last financial year of Lyft was US$3.21 billion.

3. DiDi

• Founded: 2012
• Founders: Cheng Wei
• Headquarters: Beijing, China
• Number Of Cities Present: 400+
• More Information: Didi

It is one of the largest and strongest vehicle booking companies in China. DiDi offers taxi-hailing, private car-hailing, and also bike-sharing for its users. Apart from this, you can also avail of on-demand delivery services.

DiDi was started in China but later expanded to Asia Pacific areas with joint partnerships with local and international companies. It has a presence in almost 400 cities worldwide. What Uber is providing as a brand for its users in the US, DiDi has offered the same for China. It is quite common to hear its name whenever it comes to taxi booking.

The revenue of DiDi for the last financial year was US$21.633 billion.

4. Via Transportation

• Founded: 2012
• Founders: Daniel Ramot, Oren Shoval
• Headquarters: New York City, New York
• Number Of Countries Present: 35+
• More Information: Via

Via was founded in 2012 as a global public transport and logistics company. It provides its technology to private institutions, government entities, universities, schools, and many more entities to allow them with their own transport networks. Companies can use Via’s transportation technology and software with their own vehicles and drivers.

Via focuses on delivering on-demand booking for rides to its passengers. It runs an algorithm at the backend that automatically identifies passengers with the same route and books them in the same vehicle. This allows quick booking and convenience for all its passengers. In many cities, Via provides the usual private ride bookings as well.

The revenue of Via for the last financial year was USD $228 million.

5. Bolt

• Founded: 2013
• Founders: Markus Villig
• Headquarters: Tallinn, Estonia
• Number Of Cities Present: 500
• More Information: Bolt

Bolt is an Estonian mobility company that was founded in 2013. It offers vehicle for hire, micro-mobility, car-sharing, and food delivery services for its users. This one competitor is also in the food domain just like Uber. Bolt is present in around 45 countries which translates to roughly 500 cities.

One interesting fact about Bolt is that it is the first company to allow its users to pay using mobile carrier billing. Also, it surpassed Uber in Africa in 2018. As per Euronews, the rides of Bolt are 100% carbon-neutral. Apart from its services, Bolt is also investing in self-driving technology as a partnership with the University of Tartu.

The revenue of Bolt for the last financial year was €500 million.

Brief Comparison Between Uber And Its Competitors

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