Ride Sharing

Unlock the full potential of the ride-sharing world by staying informed on emerging trends, navigating regulatory challenges, and investing in innovative solutions to drive growth.

Pioneering a new era of sustainable commuting with ride-sharing technology

The market is undergoing a transformative shift, propelled by the adoption of cutting-edge technologies. Electric vehicles, autonomous driving, and data analytics lead the way, driving growth in the ride-sharing market. The result is a more efficient, sustainable, and accessible transportation landscape. As the ride-sharing industry evolves, new opportunities for innovation and disruption emerge. At Waveup, we specialize in uncovering hidden potential within emerging and rapidly expanding sectors like ride-sharing, using market intelligence to empower our clients with the tools they need to create effective growth blueprints. Our services are deeply rooted in comprehensive industry analytics, providing complete support in designing and implementing growth projects, such as fundraising, M&A scouting, and new market entries. Regardless of whether you seek industry insights or full-scope assistance, we are here to confidently guide you through the evolving ride-sharing industry landscape.

The percentage of users who utilize ridesharing apps has more than doubled since 2015 and now stands at 36%.


At least 50% of individuals aged 18-29 in the US and Europe are inclined to use ridesharing apps compared to traditional commuting.

Fueled by increasing demand, cost-effectiveness, and growing EV demand
1 for 11

Ride-sharing reduces CO2 emissions and traffic by replacing up to 11 private vehicles with each shared car, resulting in less congestion and pollution.


Of consumers express their willingness to use micro-mobility vehicles for their cost-saving daily commutes.


Of ride-sharing providers have set a goal to fully electrify their fleets by 2030.


Since 2010, ride-sharing startups attracted over $13B in funding

Here are the top ride-sharing startups by the amount raised:

  • BlaBla Car – Online platform for intercity carpooling, $565M
  • Karos – AI-enabled car-pooling platform, $14M
  • Quick ride – Ridesharing app, $16M
  • Klazit – P2P carpooling platform, $4M

Leading ride-sharing venture capital firms

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The challenges of ride-sharing startups

While poised for robust growth, the ride-sharing industry presents startups with distinct VC-related challenges. These need to be adequately addressed to secure investment and ensure sustainable growth.

Profitability uncertainties

Despite its rapid growth, the industry’s profitability remains uncertain. Even leading companies like Uber and Lyft have struggled to turn consistent profits. Therefore, startups need to convince investors about their profitability strategies being reflected in their financial models.

Managing high operating costs

Ride-sharing startups often face high operating costs, primarily due to driver incentives and insurance. Balancing these costs with competitive pricing can be a daunting task. Investors are interested in seeing cost management strategies that don’t compromise service quality or driver satisfaction.

Concerns over scalability

Scaling in the ride-sharing business is not simple due to its localized nature. Expansion into new markets requires understanding local regulations, customer behaviors, and existing competition. Startups need to present a solid strategy in place for successful scaling to fuel investor confidence.

How we can help

Fundraising advisory

From diligent business analysis to storytelling and financial forecasts, we’re helping founders crystallize and structure key business fundamentals and translate them into compelling investment opportunities.

Due diligence and portfolio support

Evaluating potential investments, conducting thorough due diligence, and supporting portfolio companies on their new fundraising rounds.

Established companies
Growth hacking

Discovering market opportunities and developing execution strategies to build actionable and scalable blueprints for growth.


Unlocking your next stage of growth

Waveup is a leading global advisory empowering companies to fuel growth, attract investments, and secure strategic partnerships.

We turn data into business insights that drive results, helping companies excel in the competitive B2C and B2B spaces across 50+ verticals, discovering and catalizing opportunities for growth.

Our ride-sharing investment consulting services

Market intelligence

Fundraising support

Pitch decks

Financial models

Investor research

Growth consulting

Go-to-market strategies

Marketing/sales materials

Design support

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Industries we work with

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Have a ride-sharing startup idea? Talk to us

Our unique expertise comes from being consistently exposed to new and developing industries, giving us a deep understanding of unique business models, proven growth strategies, and up-to-date industry trends.

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