IDN’s Jaw-Dropping Promise: Commission-Free Rides Forever, a Tech-Driven Revolution That Challenges Uber’s Throne

In the past decade, the world has witnessed significant technological advancements, giving rise to many new apps and the emergence of the virtual realm known as the Metaverse. Concurrently, the rideshare industry has surged to prominence, with major players like Uber and Lyft making substantial strides. With a market capitalization of $126.7 billion and an enterprise value of $124.76 billion, Uber has reported significant revenue of $85.64 billion and a net income of $1.21 billion. In contrast, Lyft, a formidable competitor, boasts a market capitalization of $5.03 billion.

But how did they become significant players in the market? What was so special about them? It’s because both Uber and Lyft leveraged innovative technology to disrupt traditional taxi services. Their user-friendly mobile apps let customers quickly request rides, track drivers in real-time, and make cashless transactions. And they rapidly expanded their services to numerous cities and countries worldwide. In the case of Lyft, their operations focused on the United States and Canada.

The rideshare concept they introduced disrupted the traditional taxi industry by providing a more convenient and often more cost-effective alternative. This disruption attracted a large customer base looking for a more efficient and technologically advanced transportation solution for the drivers.

With its “set your rates” feature, InDrive has added an extra layer of flexibility for drivers, allowing them to choose how much they want to charge for their services. This unique offering has attracted many drivers to the platform, expanding the company’s reach and giving consumers even more affordable and convenient transportation options.

In the dynamic landscape of the rideshare industry, these services continue to evolve, each contributing to the transformation of how people perceive and utilize transportation services in the modern era. 

The pivotal factor in propelling Uber and Lyft to become significant market players lies in their adept utilization of innovative technology to disrupt traditional taxi services. Their user-friendly mobile apps enable customers to request rides, track drivers in real-time, and execute cashless transactions. These companies rapidly expanded their services globally, revolutionizing the transportation industry with a more convenient and cost-effective alternative to traditional taxis, attracting a vast customer base seeking efficiency and technological advancement.

As these rideshare giants gained market dominance, their commission rates became integral to their revenue models. Uber’s commission rates exhibit variability, ranging from 20-25% for standard UberX rides, 25-30% for Uber Black, 28% for UberXL, and 20-30% on the total order value for Uber Eats. Similarly, Lyft follows a tiered commission structure, with standard Lyft rides incurring a 20-25% commission, Lyft Lux and XL at 25-30%, and reduced rates for shared rides like Lyft Line and Lyft Shared, each at 15%. In contrast, Careem maintains a comparatively uniform commission structure, with an average commission rate of 20%. These diverse commission rates reflect the nuanced strategies employed by rideshare platforms across different markets and service categories.

Amidst this dynamic landscape, a new disruptor has emerged – the Independent Drivers Network (IDN), elevating the driving experience with its revolutionary driver app designed exclusively for rideshare and taxi drivers and client apps intended for passengers.

What is IDN?

IDN, a visionary project by Be Tesla, aims to liberate drivers from the constraints imposed by big rideshare companies. “These industry giants often take hefty commissions, leaving drivers with minimal earnings that may not even meet their basic needs. IDN, crafted by drivers for drivers, prioritizes complete freedom on the platform”,  says the founder, Luis Henruqie Kreische.  Drivers can set prices, cultivate their private clientele, establish personalized surges, customize profiles, schedule rides with clients, and more. At the heart of IDN are two client apps: IDN Public and IDN Private. The fundamental distinction lies in their user base and functionality. IDN Public caters to the general public, akin to passenger apps like Uber or Lyft. Passengers create booking requests, receive driver quotes, and have the power to accept or reject offers. The app empowers passengers to sort drivers based on availability, proximity, and pricing, with the feature of designating favorite drivers.

On the other hand, IDN Private offers a more exclusive experience. Passengers must add a private driver, unlocking the ability to ride with them exclusively. Notably, drivers on IDN Private can extend exclusive discounts to their dedicated clientele. 

And one of the exciting things about it is that – IDN operates on a commission-free model for life. Unlike traditional rideshare companies, IDN will never charge drivers or passengers any commission. To ensure sustainability, IDN introduces a premium subscription model. Premium features include a driver’s ability to take clients on IDN Private, send invoices, and automatically send quotes for booking requests. This premium subscription model allows IDN to maintain its commitment to a commission-free model for life while ensuring the platform’s sustainability and development.

What’s in there for passengers?

Safety is of utmost priority as a passenger and remains a crucial concern while using ride-sharing services. However, with IDN Public/Private apps, passengers can now avail a more secure and comfortable experience during their daily rides. Imagine adding a private driver to your IDN account – this establishes a foundation of trust and fosters a relationship beyond a transactional ride. Building a trusted connection with a private driver ensures a more personalized experience, enhancing the overall quality of your rideshare experiences. So, whether you’re a daily commuter or an occasional rider, IDN Public/Private apps promise a seamless, reliable, and safe journey every single time.

Does IDN have the potential to replace traditional ridesharing?

While IDN’s disruptive model and commission-free approach hold immense promise for the ridesharing industry, it’s crucial to acknowledge that it’s unlikely to replace traditional ridesharing giants like Uber completely. Established players like Uber and Lyft have garnered a massive user base and market share, making it challenging for a new entrant like IDN to usurp their dominance immediately. However, IDN’s commitment to driver empowerment, transparent pricing, and personalized service could attract drivers and passengers, gradually chipping away at the established players’ market share.

IDN’s impact on traditional ridesharing will likely be a gradual evolution, rather than an overnight revolution. However, considering the prolonged anticipation among people for a solution to issues like high commissions, it could also manifest as a rapid transformation. As IDN gains traction and expands its reach, it has the potential to compel traditional ridesharing companies to adapt their business models swiftly. This adaptation would likely involve addressing driver concerns over commissions and enhancing pricing transparency. The culmination of these changes could result in a more competitive and consumer-centric ridesharing landscape, driven by the innovative approaches of IDN and other disruptors. The pent-up demand for alternatives suggests that the impact might not only be gradual but could also unfold swiftly, meeting the long-standing expectations of users.

Another critical factor is that drivers are tired of paying exorbitant commissions, and platforms like IDN have been a long-awaited solution. The growing number of drivers joining the IDN network indicates the quest for alternatives. Notably, influential figures have already embraced IDN, signalling a shift in the landscape.

To sum up, IDN is causing a significant impact on the ridesharing market, although it’s premature to declare that it will completely replace the existing players. The platform is becoming increasingly popular among drivers, and its capacity to transform the industry is beyond doubt. It remains to be seen how successful IDN will be in challenging the conventional rideshare leaders over time.