Watch out Uber, Lyft, and Via: there's a new ride-sharing service in town. On Monday, Google-owned Waze unveiled a pilot carpooling service for approximately 25,000 commuters in California's Bay Area.
Waze matches riders with drivers already headed along similar routes during morning and evening rush hours, and amazingly, charges riders a basic rate of only $0.54 a mile. Since car insurance policies in states including California typically cover “not for profit, share-the-expense carpooling,” Waze Carpool may be able to avoid the scrutiny around insurance coverage that has at times sidelined Uber and Lyft.
Although a spokesperson has stated that “the company has not committed to any future plans,” the long-term ramifications of Waze's rider app could spell the end of other ride-hailing companies like Uber.