Local Driver Co-op

Local Driver Co-op provides rideshare and delivery drivers with cooperative ownership and a 90% revenue share, empowering them with equity and a voice in platform governance. Drivers can also earn residual income through referrals, creating a more equitable and driver-centric gig economy.

Updated 2 months ago

Funding

Funding not disclosed

Funding rounds are not available yet.

Founders

Founder details are not available yet.

Product

Problem

Drivers in the gig economy, particularly in ridesharing and delivery services, face low revenue share percentages and a lack of ownership in the platforms they utilize. This model limits their financial control and participation in the operational decisions of the services they contribute to.

Solution

Local Driver Co-op offers a cooperative platform that provides drivers with ownership stakes and a significantly higher revenue share, returning 90% of ride and delivery fares directly to drivers. This model empowers drivers by granting them equity in the platform and a voice in its governance, fostering a more equitable distribution of economic benefits. Through a member partnership program, drivers can also earn residual income by referring new users and businesses to the network. The cooperative structure aims to create a more sustainable and driver-centric ecosystem within the transportation and delivery sectors.

Target Audience

The primary target audience includes rideshare drivers, taxi medallion holders, truck drivers, and fleet operators seeking greater financial control and ownership in their respective industries.

Features

Cooperative ownership model granting equity and voting rights to member drivers.
90% revenue share on all completed rides and deliveries, paid directly to drivers.
Member Partnership Program for earning residual income through referrals.
Mobile applications for both ride-sharing and multi-category product delivery services.
Access to a collective purchasing platform for discounted goods and services.
Potential for dividend payouts based on annual co-op profits.
Support for various driver categories including rideshare, medallion holders, and fleet operators.