The startup offers a mobile application that connects users with local taxi and cab companies, allowing them to compare prices and ratings for quick and affordable transportation options. By facilitating bookings with licensed operators across the UK, the app addresses the challenge of finding reliable and cost-effective taxi services.
Funding
$2.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Independent taxi and private hire companies face increasing competition from ride-hailing services, struggling to efficiently manage fleets and match supply with passenger demand. Existing dispatch systems may lack the flexibility and features needed to compete effectively and retain both drivers and passengers. This can lead to lost revenue and market share for traditional taxi businesses.
Solution
Cordic offers a dispatch system designed to help independent taxi and private hire companies compete with ride-hailing services. The platform provides tools to manage fleets, optimize dispatch operations, and access new sources of passenger demand. Cordic's SuperYes feature enables job sharing between fleets, increasing capacity and reducing lost bookings. The system also facilitates winning and managing regular-income contracts, such as school and patient transportation, providing a predictable revenue stream. By offering a comprehensive suite of features, Cordic aims to empower independent operators to thrive in a competitive market.
Target Audience
Cordic primarily targets independent taxi and private hire companies seeking to improve operational efficiency, increase revenue, and compete effectively with ride-hailing services.
Features
- Dispatch management tools for efficient fleet allocation and real-time tracking.
- SuperYes job-sharing network to expand service capacity and minimize missed bookings.
- Contract management features for securing and fulfilling regular-income transportation agreements.
- Integration with aggregator platforms to access new sources of passenger demand.
- Customizable booking and dispatch settings to adapt to specific business needs.