As of September 2024, inDrive will have completed 5 billion transactions on its global mobility and urban services platform, marking a significant milestone.
Since inDrive introduced its novel bid-based pricing model in 2012 with the intention of achieving more equitable ridesharing pricing for drivers and passengers, this momentous occasion marks the signing of the company’s 5 billionth deal, which was accomplished by a driver and passenger in Peru.
In the years that followed, inDrive expanded its bid-based model beyond ridesharing as part of its mission to fight injustice and improve people’s lives. These services now include freight services, courier deliveries, city-to-city and intercity transportation, and other urban solutions like housekeeping and minor home repairs. This expansion and variety show how inDrive has changed over time.
For the previous eleven years, inDrive has taken advantage of its excellent product-market fit in a variety of geographical areas, showcasing a special capacity to grow quickly and establish dominant positions in a variety of markets without unduly concentrating on any one nation. This emphasizes how the inDrive model satisfies customers’ desire to regain control over algorithms and increase their degree of choice, which is exactly what they want.
Mark Loughran, President and Deputy CEO at inDrive, commented:
“I am thrilled to congratulate the entire team at inDrive and thank our loyal community around the globe for having completed 5 billion deals – an important milestone that is a testament to the global scale inDrive has reached over the past decade.
More than just a number, each of these transactions represents making a meaningful impact — whether it’s providing services in underserved areas, creating job opportunities, or helping support non–profit initiatives through inVision, which enables access to sports, art and educational opportunities in communities where inDrive operates. Our mission has always been to improve people’s lives, and with this milestone, we are even closer to our goal of positively impacting 1 billion people by 2030. This achievement fuels our commitment to not only sustainably growing our platform but also driving positive social change.”
Since launching ride-hailing, its core service, eleven years ago, inDrive passengers have traveled for a total of 123,500 years, covering a distance of 32 billion km. inDrive has also expanded to include a range of additional services, most recently launching financial services for drivers in Mexico, and continues to grow its operations and expand into new regions – including developed markets – worldwide.
