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Fare provides a hybrid rideshare and delivery platform that operates as a cooperative, giving driver‑members majority ownership and a share of net profits. Riders receive lower, surge‑free fares while the company earns revenue through a modest service fee and a tiered driver membership model that allocates 55‑90% of trip earnings to drivers.
Updated 2 months ago
Funding
Funding not disclosed
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Founders
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Product
Features
- Fare operates a hybrid cooperative‑corporate rideshare and delivery platform where drivers own the majority of the business and share in net profits, while riders benefit from lower, surge‑free fares. The service generates revenue through a modest service fee (5% for businesses, variable fees for riders) and a tiered driver membership model that allocates 55‑90% of trip earnings to driver‑members, with additional income from a community‑driven referral program. This structure aligns incentives across drivers, riders, and local chapters, enabling organic growth and shared ownership.