The Future Of Your Commute
RIDESHARING ON OVERDRIVE
Ridesharing is here to stay–emphasis on sharing. Investor Rob Coneybeer, the managing director of Shasta Ventures, points out that even though ridesharing has grown in popularity in the United States and beyond, many vehicles on the road remain underused. “When you look at some of the more mature Uber and Lyft markets, the percentage of their rides that are pool rides are very large,” he says.
Coneybeer believes that using smaller vehicles to carry passengers from one location to a final destination–often called the “last mile” problem–can be more efficient than a bus that follows a set route at all hours of the day. Will it replace public transit?