For people in rural areas with poor public transit, not having a car can mean not being able to secure a job. To help get them to work and everywhere else they need to be, RideTandem connects passengers, employers and local transport providers.
The London-based startup matches people going the same way around the same time, enabling them to share a taxi for close to the price of a bus ride. That might be a familiar concept for city dwellers with access to shared Ubers and Lyfts, but generally isn't an option in less-densely populated regions.
To drum up enough riders to make shared taxis and mini-buses feasible, RideTandem works with employers who can't staff their operations without offering some form of transportation. Passengers book and pay for rides with an easy-to-use app, while employers have access to a personalized dashboard to track usage and costs.
On the transport end, RideTandem partners with local taxi, mini-bus and coach companies that are vetted and integrated into its booking system and that benefit from a new and reliable stream of income. RideTandem, founded in 2019, just secured GBP 1.75 million in funding. As reported by EU-Startups, the company's revenue grew 10-fold for two consecutive years.
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