06 May New Carpooling App RYDE Is The Airbnb-Style Solution To Our Transport Woes
In populous Singapore, getting around can be a torture despite our ever-efficient public transport systems. Most of us can testify to thinking wistfully of comparatively spacious cars, whether our own or others’, when having to commute at peak hours or experiencing MRT breakdowns.
Like many of us, Terence Zou has had many personal experiences with Singapore’s occasional transport woes. Instead of stopping at good-natured grumbling, however, the founder of realtime carpooling app RYDE decided to take matters into his own hands. Asked about the spark behind RYDE, he says:
“I’ve been driving for many years — most of the time alone. Two Christmases ago, I decided to leave my car at home during a shopping trip to Orchard Road.
To my dismay, I was stranded in town for a few hours — I couldn’t get a taxi with all my shopping in tow! I thought to myself that there was clearly an optimisation problem here, one which I hadn’t put serious thought into as a driver.
Many empty cars. Fully occupied taxis and trains. Many stranded commuters. There must be a solution to this problem.”
Harvard Business School graduate Terence Zou, founder of RYDE
RYDE — The Solution to Singaporeans’ Transport Woes
RYDE is the latest mobile app which seeks to promote ridesharing in Singapore. Through RYDE’s geo-location technology, you can match with a car owner going the same way, carpool your way to your destination, and use the app’s in-built algorithm to split fuel costs at the end of your trip. Like Airbnb, Uber and other pioneers of the sharing economy, RYDE wants to offer Singaporeans a novel way to leverage on the community around us.