The startup has developed a transport platform that connects drivers and passengers traveling in the same direction, facilitating ride-sharing to lower travel costs. This service addresses traffic congestion and reduces harmful emissions, promoting environmental sustainability and community engagement.
Funding
$400K 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
Solo commuting leads to high transportation costs for individuals, increased traffic congestion, and significant greenhouse gas emissions. Existing public transportation and traditional carpooling options have not effectively reversed the trend of declining commuter participation.
Solution
COREO is a carpooling platform designed to automatically connect commuters traveling in the same direction, enabling them to share expenses and reduce the costs of commuting. The mobile application matches riders and drivers based on their commuting schedules and preferences, facilitating reliable and convenient carpools. COREO automates in-app payments between riders and drivers, removing the need for manual negotiation and ensuring guaranteed driver reimbursement. By increasing carpool adoption, COREO aims to reduce traffic congestion, lower vehicle emissions, and provide cost savings for commuters.
Target Audience
The primary target audience includes individual commuters seeking cost-effective transportation, as well as enterprises looking to reduce Scope 3 emissions and alleviate employee commuting stress.
Features
- Mobile application for iOS and Android platforms
- Automated matching algorithm based on commuting schedules and destinations
- In-app cost sharing and automatic reimbursement between riders and drivers
- Integration with HOV express lanes and VIP carpool parking (where available)
- Commute tracking to monitor savings and emissions reductions
- Cost calculator to estimate potential savings from carpooling