Don’t miss the latest developments in business and finance.

Ride-pooling gets a social makeover with new app from HERE technologies

Individuals can search for rides on commercial taxi and ride-sharing services, as well as public transportation or bike-share programmes

cab, taxi cab, cap hailing app, HERE
The app, dubbed SoMo, aims to tap the power of social networks by matching drivers and riders with people they know, rather than at random
Bloomberg
Last Updated : Jan 08 2019 | 9:48 PM IST
HERE Technologies, the automotive mapping company controlled by three German carmakers, is giving ride-pooling a new twist with an app that makes it easier for friends to share a trip to work, games or concerts.

The app, dubbed SoMo, aims to tap the power of social networks by matching drivers and riders with people they know, rather than at random, according to a statement Monday at the CES technology trade show in Las Vegas. The app also gives individual riders choices like buses, trains and commercial ride-sharing services.

Car-pooling, encouraged by policy makers since the oil shocks of the 1970s, never caught on in big numbers, as drivers resisted sharing their commute with strangers. App-based products have given the idea new life, though some riders have been reluctant to partake. HERE is betting that tying together people who know each other or have similar interests will help SoMo overcome those concerns, said Liad Itzhak, the head of HERE’s mobility unit.

“It was often more like a platform for hitchhiking,” Itzhak said in a phone interview. “The cost for the driver is very high, and you lose flexibility and sometimes privacy,” he said.

If it catches on, the app could help keep companies like Uber Technologies  and Lyft  from dominating the future of transportation, while reducing congestion on city roads, Itzhak said. SoMo also ties into a provider network called the HERE Mobility Marketplace that the Amsterdam-based company announced a year ago at CES.

Individuals can search for rides on commercial taxi and ride-sharing services, as well as public transportation or bike-share programmes. This feature will put SoMo into competition with a number of digital upstarts like Israel’s Moovit and Daimler AG-owned Moovel Group GmbH that are aiming to better organise the array of choices consumers now have to get around without their own cars. 
Next Story