People in the United States of America use Taxi and Ride Sharing for their day-to-day commute. This is the reason why 25% of US citizens use apps like Ride Sharing App Like LYFT, Uber, etc.
Consequently, the ride sharing market is expected to reach 185 Billion USD in valuation by the end of year 2026. This industry is so big that Uber and LYFT are responsible for 6% of vehicle miles traveled (VMT) across the U.S.
This clearly shows the massive market size and even larger potential, ride sharing market carries.
It goes without saying that this has attracted many businesses and start-ups to develop their own app like LYFT. And if you want to develop ride sharing app which can help you generate millions of dollar in market with ease.
To make it all easier for you, in this blog, we will be discussing anything and everything related to Rideshare App Development. Therefore, with this being said, let’s get right into it:
LYFT App Development & Everything You Need To Know About It
There are a lot of people who want to develop a taxi booking app like LYFT. But something that must be answered first is what LYFT is?
LYFT offers a number of services including ride-sharing services. It was founded back in the year 2012 by John Zimmer and Logan Green. And the latter one has been CEO ever since.
It goes without saying that LYFT is an example of well-planned taxi app development done right. And this is clearly seen in its performance.
LYFT covers over 644 Cities in the United States of America as well as 12 cities in Canada. They have over 2 million drivers. Moreover, the LYFT ride sharing services dominates 30% of the entire market.
By developing an LYFT like ride-sharing app, you can generate millions of dollars. But there are many apps ride sharing app. So, why is LYFT so popular? Let’s answer this in the section below:
Why is LYFT so popular?
There are various reasons why LYFT has become so popular in the past decade or so. And here, we shall be looking at some of the reasons why this application is so popular and successful in the US market.
Real-World Relevant
This point is something that is hard to come by in today’s competitive market. The LYFT inc has worked hard to make its ride sharing mobile application real-world relevant. They want to figure out the problem of their customers and tackle them.
This is clearly seen in their decision to enroll to carry medical beneficiaries in Arizona, United States of America.
Many such approaches from this ride-sharing platform have helped the
This approach has helped in improving the credibility of the ride hailing platform among consumers.
Affordable Ride Sharing
The very first reason why this ride-sharing mobile app is so popular among users is that, it is affordable. With the ever-growing expense of rent, necessities, food, and the most important daily commute to work, people seek more affordable options.
In other words, LYFT understands why people are moving away from the traditional taxi service and used that information to make their ridesharing service event better. All of this has been seen in their ridesharing app development solution.
So, this is one of the major reasons why people just love using the LYFT ride-sharing mobile applications.
One-of-a-kind
Lastly, the LYFT ride-sharing concept is unique. Here, they have built a community in which anyone can become a ride provider at their convenience and comfort to make an extra side earning.
What this does is, it makes a better bond between the ride and user as there is no “professional” involved, creating a close-knit community. While this means that the revenue won’t be as much nor will they experience explosive growth, this is a more humane solution.
These are some of the reasons why this solution is so popular. And with this being said, let’s discuss the ride hailing app like LYFT’s working in the section below:
How Does Ride Hailing App Like LYFT Work?
There are a lot of Ride Hailing Apps in the market. However, as we discussed in the previous section, LYFT is quite unique. Therefore, the working of this platform is also somewhat different when compared to the alternatives.
Without wasting any more time, let’s look at the working process of the same.
Now, before we get into it, the work can be divided into two parts. So, let’s first look at it from the service provider’s point of view:
Driver
- Get a notification for ride from the customer.
- The driver get option to either accept the request or reject it
- If accepted, the driver will get information related to rider
- In app navigation along with route optimization lead driver to rider
- During the ride, the way is lit with help of route optimization till destination
- Once the ride has come to an end, they can receive payment through app.
Riders
- Rider can download the app from App Store or Play Store
- Once the account is created, the user avail service.
- After this, they can share their current location & destination
- Request a Ride, which will be shared to nearby drivers
- Once a driver accept request, you will ETA and cost estimation
- One the end of the ride, rider can pay with from App, e-wallet solution.
These are the working process from both sides of the application. With this out of the way, let’s discuss some of the features that you should include in this app, in the next section of the blog.
Features To Include In Ride Sharing App Like LYFT
Features are an essential part of app like LYFT. So, if you are planning develop such a solution that leads your business to the next level, it is recommended that you come up with a feature that are unique yet reasonable.
By including these features in custom mobile app development services, you will improve engagement and user retention.
Before we get into it, something you must understand is, that there are two parts of the application. The one is the app for the rider and the other one being the app for the driver.
Enough said, let’s get right into it:
- Feature for Rider’s App
The feature that you should include in your rider’s app like uber is, as mentioned below:
- Book rides
- Get Ride ETA and cost estimate
- Pay through the In-App Wallet
- Share ride details
- Feature for Driver’s App
Moving on, the feature that you should be including on driver’s side of the app is, as mentioned below:
- Accept or Reject Ride Request
- Receive Payment Through the App
- Route Optimization
- In-App Communication
These are the feature that you should include in your app like LYFT. Moving on, we will be looking at the development process.
LYFT Taxi App Development Process
Finally, once all is said and done, it’s time to create your own Rideshare app. But how do you do that?
Mobile app development is easier said than done. However, in this section, we shall be discussing everything you need to know about creating a market-leading LYFT taxi sharing app.
Moving on, each of the steps in this development process shall be discussed in detail. With this being said, let’s get right into it, starting with…
1) Brain Storm: Come Up With An Idea
The first thing you need to do is come up with an idea. Without a concept on which you will be building your LYFT-like app, you can’t do anything.
This is the reason why the first thing you need to do is, an Idea. Now, there is no process to do it, no hard-wired method, you have to get creative.
Once done with this, we shall be moving to the next step which is cross-checking the idea.
2) Cross-Check: Research
Now that you have an idea, you need to make sure it is workable and for that reason, you need to cross-check it. This is quite an important process for mobile app development services.
Backed with research, you need to make sure it is marketable, saleable, developable, and mainly monetizable.
Speaking of monetization, there are a few strategies you can use to monetize the application. These are, as mentioned below:
- Premium Membership
- Ride and Driver Commission
- Paid Promotion
These are some of the methods that you can use to generate revenue through the Uber-like app. Nevertheless, once you are done with the cross-checking and made sure it is what you want, we can move to the next section of the blog.
3) Choose an App Development Platform
Now that you have an idea, it’s time to choose a mobile app development platform. Here, you can choose either hire android app developers or iOS ones.
Both of these platforms can give amazing results when done right. However, if you can’t put your finger on one or want advantages of both, you can consult a custom flutter app development company for hybrid app development.
4) Finalize Tech Stack
Tech stack refers to the technology used to develop a ride-sharing mobile app like LYFT. This includes programming languages, frameworks, libraries, extensions, and so on.
For instance, MEAN Stack Development is a popular tech stack that you can choose.
5) Hire Mobile App Developers
With all said and done, it’s time to hire Mobile App Developers. There are various ways in which you can use to hire developers. These are, as mentioned below:
- Hire freelancers
- Hire outsourcing mobile app development company
- Assemble in-house team
- Hire local development agency
These are some of the methods which you can use to hire developers. With this done, we can start with the technical things.
6) Feature & Design
Like we discussed, features are an important part of creating a successful mobile application. Coming to the design part, it is just as important as the feature and a lot of imposing. Since the first thing a user sees is the design, this needs to be top-notch.
That is why it is recommended that you hire UI/UX Designer who is experienced and can bring your business personality to the mobile app.
This is an important part of creating a successful App like LYFT.
7) Ride Sharing App Development
This is the process where all the different components are combined and the final version of the taxi booking mobile app. This is where the uber like app source code is written.
In simple words, all the heavy lifting is done in this step of mobile app development. For that reason, you need to make sure the app development company you hired communicated well with you.
Nevertheless, once this is done, the next thing to do is start testing is.
8) Testing
It goes without saying that, testing is an important process of custom mobile app development. with this done, we can move to the deployment process.
9) Deployment
Deployment is something that highly depends on the platform you choose. Meaning based on your choice between android and iOS app development.
However, we aren’t done with done with this step.
10) App Maintenance & Support
Mobile App maintenance & Support plays an important role in keeping the taxi sharing app like LYFT’s performance constant.
And with this, we are done with the mobile app development process. Now, something that a lot of you might be wondering about is the development cost. We shall be discussing the same in the next section of the blog.
How Much Does It Cost To Develop An App Like LYFT?
The cost to develop a mobile app depends on various different factors. For that reason, it is not possible to predicate the exact cost of taxi booking app development without learning about the specifications.
Some of the factors are, as mentioned below:
| App Development Platform | Features |
| Complexity | UI/UX Design |
| Developer’s Experience | Tech Stack |
Therefore, the average cost of LYFT App Development can be anywhere between $15,000 and $55,000.
If you want a more accurate cost estimation, it is recommended that you consult one of the mobile app development companies.
Conclusion
LYFT is one of the best ride sharing platforms in the United States of America Dominating 1/3rd of the market. Now, if you want to develop a similar app like LYFT solution, it is recommended that you consult a renowned taxi booking app development company in USA.
Niketan Sharma is the CTO of Nimble AppGenie, a prominent website and mobile app development company in the USA that is delivering excellence with a commitment to boosting business growth & maximizing customer satisfaction. He is a highly motivated individual who helps SMEs and startups grow in this dynamic market with the latest technology and innovation.
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