New Ride-hailing App, Solride Launches in Nigeria

Must Read

LSPWC begins rehabilitation work on LASU-Iba road intersection with Lagos Badagry Expressway (Photos)

Lagos State Public Works Corporation (LSPWC) begins rehabilitation work on LASU-Iba road intersection with Lagos Badagry Expressway. This rehabilitation work...

LASG goes tough on illegal Waterfront Land Reclamation, arrests fourteen (Photos)

The Lagos State Government has arrested 14 illegal sand dredgers on the shoreline of Ikoyi-Lekki axis at Banana Island...

Unilever Nigeria records 34% decline in Revenue in 2019 Unaudited Result

Unilever Nigeria Plc published its Full-year (FY) 2019 earnings report indicating a loss of N4.22 billion vs N10.15 billion...
- Advertisement -
- Advertisement -

Solride, a new ride-hailing service has been launched in Lagos, Nigeria to riders access to different modes of transportation (salon cars, motorcycles, tricycles, and SUVs), ride scheduling and rental as well as detailed maps.

According to a press statement, Solride will offer a unique combination of different vehicles, delivering endless possibilities and revolutionizing the concept of transportation in Nigeria and sub-Saharan Africa.

Henry Adesegha, CEO of Solchos Kefani said the company stands out with some strong and unique innovation that connects directly to consumer needs given that people will be able to switch from one mode of transportation to another without the hassle of switching ride-hailing platforms.

Solride looks to attract drivers with its unique driver-controlled price mechanism algorithm that will see the drivers individually control price during regular, peak and off-peak business hours.

Read:  Coca-Cola debuts Orange Vanilla, its first new flavor in more than a decade

Instead of employing dynamic pricing, where prices generically increase or decrease based on demand, Solride empowers individual drivers to regulate prices themselves within a stipulated range.

Both riders and drivers are able to use digital channels integrated into the app to make payments where applicable. And riders also get to know upfront how much they have to pay for their trip without the fear of price change after the start of the trip.

Read:  Taxify rebrands to Bolt, unveils new logo

In addition, the company plans to incentivize rides by rewarding drivers who drive safely. Drivers who receive good reviews of their rides will also get the opportunity to earn additional revenue from other business streams of the company as ad hoc shareholders.

Read:  Boska Organizes Pain Free Day Campaign In Oyo Sate State To Promote Good Health

The CEO also disclosed an intention to expand to other markets in Africa by the end of the first quarter of this year. “We’re aiming to blitzscale, grow exponentially and expand to different cities in Nigeria, Ghana, Kenya, Tanzania, Rwanda and Uganda by the first quarter of 2020,” said Adesegha.

Solride joins ride-hailing services like Uber, Bolt, and InDriver among others in the ever-growing and competitive ride-hailing business in Nigeria.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

LASG goes tough on illegal Waterfront Land Reclamation, arrests fourteen (Photos)

The Lagos State Government has arrested 14 illegal sand dredgers on the shoreline of Ikoyi-Lekki axis at Banana Island...

ABULE-EGBA EXPLOSION: Government To Meet With NNPC On Compensation For Victims – Sanwo-Olu

Lagos State Government will be meeting with the management of Nigeria National Petroleum Corporation (NNPC) to discuss on issues of compensation for victims of...

LSPWC begins rehabilitation work on LASU-Iba road intersection with Lagos Badagry Expressway (Photos)

Lagos State Public Works Corporation (LSPWC) begins rehabilitation work on LASU-Iba road intersection with Lagos Badagry Expressway. This rehabilitation work is expected to end Wednesday...

NIPR Fellows Pays Tribute To Chief Alex Akinyele

Professionals in the Marketing Communications Industry on Thursday, 23rd of January 2020, paid their last respect to the late Chief Alexander Opeyemi Akinyele, at...

More Articles Like This