Liam Redmond
Co-founder
Yelo
Yelo provides a lower-cost rideshare service focused on community and social experiences for younger demographics. The platform uses AI and live traffic data to surface local trends and offer users cash back deals tied to their destinations. Riders benefit from significantly reduced fares while drivers retain 100% of the fare earnings.
- Applications
- Mobility & Transportation
- Software Only
Updated 21 months ago
Funding
Raised to date
$300KRaised 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.
Funding rounds are not available yet.
Founders
Zachary Brown
Co-founder
Product
Problem
College students often face challenges in finding safe, affordable, and convenient transportation options, especially for short distances around campus and to nearby commercial areas. Existing ride-sharing services may not cater specifically to the needs and schedules of students, and can involve safety concerns related to unknown drivers.
Solution
Yelo is a social ride network designed exclusively for college students, providing a platform to connect with verified classmates for rides. The service focuses on creating a safer and more affordable transportation solution by limiting the network to students with a valid ".edu" email address. Yelo's platform allows students to easily find rides or offer their own, fostering a sense of community and providing a flexible way for students with cars to earn income. In addition to ride-sharing, Yelo provides real-time information on the trendiness of commercial destinations around campus, helping students stay informed about where their peers are going.
Target Audience
The primary target audience is college students seeking affordable, safe, and convenient transportation options around their campus and nearby areas, as well as students with vehicles looking for flexible earning opportunities.
Features
- Exclusive network for college students verified through ".edu" email addresses
- Peer-to-peer ride-sharing within the campus community
- Real-time trendiness scores for commercial destinations around campus
- Mobile app available on iOS
- Cashless transactions directly between students
- No commission taken from drivers, ensuring cheaper fares