An improved and socially responsible version of Uber
Dardan Isufi and Raphael Gaudrault are 22 and 23 years old and both still studying, but they are also full-time entrepreneurs and co-founders of a young startup: Eva.
It all began in the Fall of 2017 as Uber was once again making the headlines in Montreal. The two friends started thinking of the ride hailing economy.
“The problem with Uber is not the concept of ride sharing but its implementation.”
Uber creates a precarious environment for drivers and an economy that does not invest benefits in the local economy (with 25% of revenues collected by the company).
From the old capitalism to the new sharing economy
Eva has completely shifted the economic model and offers a decentralized solidarity cooperative. Drivers and passengers are part of a community based on the redistribution of wealth (a great interview with Crypto Tim is available here)
When it comes to revenues, the driver members earn 85% of the total ride fare. While the rest does not go to any shareholder’s pocket but instead, 10% is used to provide funds to the cooperative and 4% goes for ecosystem treasury, and the rest goes to the Eva foundation (technical maintenance, communications).
“The idea is to maximize the profit for the driver members who often have to pay for the car, the maintenance, a driver’s license, fines, and energy costs.”
This is made possible by blockchain: based on the decentralization of data, this technology avoids the cost of stocking data on servers while offering more security and confidentiality. Everything is explained in this White Paper.
A taste for risk and for impact-driven values
Both students are invested in impact-driven organizations and deeply believe in values of cooperation, respect, and social justice. Dardan is studying Political Science and handles operations, i.e. legal constraints and authorizations. Raphael is studying Computer Software Engineering and handles the tech part of the work, i.e. blockchain. Both have a deep interest in solving problems and getting out of their comfort zone.
“A crazy idea will become realistic when it is embraced as a team.”
The co-founders have surrounded themselves with a team of technical ninjas and communications aurors who are getting ready to make their crazy idea a reality. As for the general public it can become part of the coop by joining as a rider, as a driver or as a support member.
A harsh market with high barriers to entry
Building sustainable innovations is not easy, especially in a market dominated by a giant like Uber. Some players have learned this lesson the harsh way: less than three years ago, Teo Taxi had brought a fleet of electric cars to the taxi industry in Montreal (we have written about them here) but it announced the shut down of its operations on 29 January 2019.
“Teo Taxi was a strong player in the transport industry. It provided a green alternative and had made the idea of electric transportation realistic”.
Hopefully, Montrealers will continue to embrace socially responsible innovations when it comes to ride hailing, and Eva will provide a highly differentiated alternative to Uber that can attract a community that believes in impact-driven initiatives.
Eva is more than a ride-sharing application, Eva is a movement empowering people with automation and inclusion.
After receiving legal authorization from the Quebec Ministry of Transportation, the Eva App should be launched in Montreal by the end of February 2019. Download the app and find out more about it.