Oct 10, 2014

Idea: Commercial carpooling

TAGS: CARPOOLING, RIDES, INDIA, STARTUP, LIFT, FOLKSVAGN, REVENUE, MODEL,


CARPOOLING STARTUP IDEA INDIA


Sameer Khanna launched a survey on social media on whether carpooling managed by a third party will work and to understand the challenges of sharing rides. About 2,500 people gave a thumbs up to the need for a third party to manage carpooling. The result is FolksVagn, an app and a website, with a catch line: 'Getting there, together'.

Service: C2C

Business model: 
Via an app, users can book a ride on a car on their route, paying Rs 3.50 a km. FolksVagn takes 50 paise and the rest goes to the car owner

How FolksVagn Works?
For those looking for rides, the system works much like a pre-paid mobile services.

1. Customers load, say, Rs 1,000 a month and can use it to pay for the rides. The passenger could be on a different car each day.
2. She gets an alert on people offering a carpool on her route and if she 'accepts' the 'invite' on the app, the car owner picks her up.
3. The passenger pays Rs 3.50 per km. FolksVagn takes 50 paise per km and the rest goes to the car owner.





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