There’s a new rideshare company in town, but can it challenge Uber and Lyft? Senior RSG contributor Will Preston covers Bounce, a rideshare service in San Diego, CA with a very different pay out model than Uber and Lyft. Will it work? Let us know your thoughts in the comments below!
Bounce is a new rideshare company that offers a very different compensation model than what you typically see in the rideshare market. At this time, it’s only available in San Diego, but they have dreams of expansion. Drivers are directly compensated based on how much they drive, how long they’ve been driving for the company, and how much they help promote the company.
In addition, drivers are given stock options in the company with a 25-month vesting schedule. The company also offers some unique features for riders that give Bounce drivers a reason to recommend it to their Uber and Lyft passengers.
Bounce is currently only available in San Diego, but you can learn more about it and see when they are expanding to your area here.