The startup offers an online ride-hailing platform that connects passengers with drivers, allowing riders to select their preferred drivers and request previous drivers without surge pricing. It specifically addresses safety concerns by enabling female riders to choose female drivers, providing affordable and secure transportation options.
Funding
$870K 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
Existing ride-hailing services often lack features that allow riders to select specific drivers or ensure consistent driver quality. This can lead to unpredictable experiences and a lack of personalized service for both general transportation and specialized needs like medical transport. Furthermore, traditional ride-sharing models can be expensive for drivers due to high commission fees.
Solution
Velo offers a ride-sharing platform that allows riders to select preferred drivers and schedule pickups, providing a more personalized transportation experience. For drivers, Velo offers a higher earning potential through a flat daily subscription fee, contrasting with the commission-based models of competitors. Velo also provides specialized Non-Emergency Medical Transportation (NEMT) services, enabling healthcare facilities to reduce patient no-shows by ensuring reliable transportation to appointments. The platform includes features such as QR code verification to enhance safety and text/voice reminders to keep patients informed about their ride status.
Target Audience
The primary target audience includes individual riders seeking personalized transportation options, healthcare facilities aiming to improve patient attendance, and drivers looking for a ride-sharing platform with a more favorable earning structure.
Features
- Rider app enabling selection of "My Driver" for personalized service
- Ride scheduling feature for pre-planned pickups and drop-offs
- QR code verification system to ensure rider safety by confirming driver identity
- Velo Health NEMT service focused on reducing patient no-shows for healthcare providers
- Automated text and voice reminders for patients regarding ride status
- Flat daily subscription fee for drivers, providing predictable earnings