Tech, Travel

Uber Pool could be coming back

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words by: Sahar Khraibani
Nov 18, 2021

Uber Pool may make a comeback, but with a few tweaks. Uber‘s Uber Pool service, or at least a version of it, will be relaunched at some point in the future.

 

Why it left

Due to the pandemic, the low-cost carpooling service was shut down in March 2020. When it was running, it paired up to three customers in one vehicle depending on their destinations’ closeness—and it was significantly cheaper than a regular Uber. The COVID-19 outbreak wreaked havoc on Uber and other ride-hailing services. Lyft, Uber’s competitor, had to shut down its carpooling service as well.

 

Uber’s CEO, Dara Khosrowshahi, shared that the company is launching an Uber shared pool product: “We have been investing for years in a high-capacity product, which is looking more and more attractive as it relates to a unit economic basis, where that can bring the price significantly lower.” he continued.

 

In the short term, the new product is unlikely to affect the cost of an Uber ride. According to Khosrowshahi, the corporation is currently involved in a crucially important price experiment that no one wanted to delve into. Furthermore, as the pandemic’s consequences continue to be seen, society will continue to face supply and demand concerns.

 

Despite this, Uber is said to have generated a record $ 23.1 billion in gross revenue in the third quarter, which is the amount of money it collects before paying its drivers. Even though costs have grown by 20%, this represents a 57% gain over the previous year. The return of Uber Pool could help to mitigate the recent jump in Uber fares, which have increased by 20% year over year. Many drivers abandoned the platform during the pandemic, but as cities and towns reopened, demand for Ubers has increased.

 

The rebirth will be different

But apparently, the rebirth of Uber Pool will seem very different from the previous iteration, the one that we’re all used to. The CEO explained it as “more like an employee shuttle service using Uber’s matching technology that the company can sell to its corporate client.” Initially, the shuttle notion was a different initiative from the carpooling service but no further information was provided on the topic.

 

I, for one, am very excited about any promise of being able to carpool again in the near future. Not only for financial relief, but as a way to minimize traffic and street congestion, especially in metropolitan cities.

 

In case you missed it, Uber can now adjust your Flight reservations and more.

 

Photo via Uber