These days, it seems everyone is gunning to be an industry disruptor. With the success of brands like Amazon, Tesla, Airbnb, Uber, Netflix, and countless others, we are living in a renewed age of production and consumption. The rise of interconnectivity has made our ability to democratize commerce more powerful than ever.
Transportation is one of the industries disruptors are turning upside down. Ridesharing, carsharing, micro-transit services, and autonomous vehicles have helped to revolutionize our transportation habits, and big automakers have been forced to respond.
While personal vehicle ownership may never fully go away, total vehicle sales in the U.S. have declined steadily for years. Transportation startups are trying to cater to what consumers want: the ability to commute cheaply, quickly, and easily.
Below, we break down some of the top industry disrupting startups all over the world — some you may have heard of and others you may not have. We look into their funding statistics, whether they were acquired by another company and their partnerships with big automakers. Lastly, we studied what made these transportation startups such successful industry disruptors and offer insights into how you can apply their strategies to your own company.
Becoming an industry disruptor is no easy task, but it is more possible than ever. If you have a great idea and you’re ready to bring it to the world, be sure to follow the tips above from leading transportation startups to ensure long-term success for you and your company.
If you are currently participating in the transportation industry’s shift as a rideshare driver, make sure you are properly covered for both commercial and personal auto insurance.