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Empire Asset Investments Follows Waze Squeeze Into Uber’s Lane With Carpool Feature

05-24-2016 03:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Empire Asset Investments

Empire Asset Investments Closely Follows Waze Squeeze Into Uber’s Lane With Carpool Feature

Empire Asset Investments Closely Follows Waze Squeeze Into Uber’s Lane With Carpool Feature

At the beginning of the week Google-owned navigation application Waze began testing a carpool feature that rolls near the home turf of Uber and Lyft.

Waze Carpool stressed that it intended only to help commuters get to or from their jobs, chipping in to cover trip costs, and was not getting involved with the types of on-demand rides that Uber and Lyft offer.

Still, Waze Carpool would serve as an alternative to ride-sharing services such as Uber or Lyft, at least for people dealing with daily commutes.

“Waze Carpool makes it easy to help a neighbor or colleague in your area,” the company said at a website page explaining the service being tested in the San Francisco Bay area.

“Detours are minimal so your drive to work is almost the same, you get to ride in the carpool lane, and the rider you pick up helps cover your commute costs—so why not?”

Waze Carpool is in a pilot program, the worker can use a carpool feature in free Waze smartphone applications.

“Schedule a ride and Waze Rider will look for the closest driver already planning a drive on your route,” the company explained.

Driver’s options in using Waze Carpool will have the option of accepting or declining request from riders, who help pay for fuel in pre-arranged transactions handled automatically in applications.

“Waze Carpool connects riders and drivers with identical commutes based on their home and work addresses,” the company said.

Ride payment is set in advance and money is transferred from riders to drivers automatically.

Waze stressed that the carpool feature is focused on letting people share the costs of commuting, and not as a way for drivers to make extra income.

Waze last year began testing a similar carpool feature in Israel, where it got its start.
Waze navigation goes beyond using satellite positioning data to incorporating real-time traffic information from its community of drivers.

Google bought Waze three years ago in a deal valued at slightly more than a billion dollars.

With the Waze app people will be able to carpool much more efficiently with the cost being shared equally and automatically, trouble finding a ride to work a ride to work will become a thing of the past stated Jane Suki Tech analyst for Empire Asset Investments.

Empire Asset Investments is one of the world's leading investment organizations. Our primary focus is targeting promising business opportunities at their start-up or initial growth stages.

Our time-proven and tested strategies have been developed through our experienced leadership network and unsurpassed sector knowledge.

110 Wall Street, 4th Tower Suite 9001
New York, NY

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