It’s a fact of life in the taxi business that cabs must often return back to base empty after dropping off a customer — particularly when that drop-off was at an airport. That return drive is essentially a wasted trip, but UK-based TaxiBack aims to change that. Specifically, the startup offers a service which connects passengers with cabs that would otherwise be returning empty and enables them to reserve rides at reduced rates.
Consumers in need of a ride begin by telling TaxiBack ahead of time their planned starting point and destination along with when they need to be on the road. Within 24 hours the company will then send them the three best competing bids for the trip from registered participating cab drivers who will be returning that way from another job. The consumer can then pick the offer that looks best and book the ride at the discounted fare.
Of course, besides facilitating discounted rates for riders, TaxiBack enables drivers to maximize their own profits while minimizing waste — both financially and environmentally. Time to set up something similar in your area?
Originally published on Springwise, republished with kind permission.
Springwise is an independent new business ideas and innovation firm that seeks out the most promising new business ideas around the world. Learn more about Springwise.