With both the highest utilization and highest driver earnings, Via proves their shared rides model works for drivers and for cities
A report released today, commissioned by New York City's Taxi and Limousine Commission, established Via as the industry leader when it comes to driver earnings and vehicle efficiency in New York City. Via driver partners are on average earning 43% more than Lyft drivers and 35% more than Uber drivers in the New York market. Via is the only rideshare company in the city to already have the vast majority of drivers on its platform earning well above the recommended $17.22 earnings floor, while achieving a record 70% utilization. Via drivers on average take home $21.73 per hour after expenses.
"At Via, we have always believed that our driver partners deserve fair earnings, which is why we are the only company in New York to offer drivers an hourly guarantee earnings model and the lowest commission in the industry. We are very pleased that our driver partners are already earning more than the amount recommended in this report," said Daniel Ramot, co-founder and CEO of Via. "The Via system is designed to make sharing work; drivers are earning more money, and our highly efficient vehicle utilization helps to reduce congestion and emissions here in New York."
In addition to leading the pack with regards to driver earnings, the report also highlighted that Via is outperforming competitors when it comes to utilization rates. High utilization means drivers are spending less of their working hours cruising while waiting for rides. This translates to both better earning potential for drivers and reduced congestion and emissions, as fewer empty cars are clogging the streets. Via's 70% utilization rate demonstrates that when a platform is purpose-built to make shared rides work, everyone benefits.
Via looks forward to working with the TLC to continue to set the standard for FHV operations in New York and to encouraging more New Yorkers to ride responsibly and share.
Via is re-engineering public transit, from a regulated system of rigid routes and schedules to a fully dynamic, on-demand network. Via's mobile app connects multiple passengers who are headed the same way, allowing riders to seamlessly share a premium vehicle. First launched in New York City in September 2013, the Via platform currently operates in the United States and in Europe through its joint venture with Mercedes-Benz Vans, ViaVan. Via's technology is also deployed worldwide through partner projects with public transportation agencies and private transit operators, seamlessly integrating with public transit infrastructure to provide the most cutting edge on-demand mobility innovation. For more information, visit www.ridewithvia.com.