InstantCab (YC W12) unveils new FareBack program to save riders up to 30% on trips, adds 3x more drivers

Following in the footsteps of Uber’s fare decrease for UberX, InstantCab announced a new program called FareBack intended to save riders up to 30 percent of the fare. The company hopes that this latest endeavor will increase ridership, saying that among all the ridesharing and transportation startups, it still doesn’t have surge pricing.

The company explains the process: riders who summon an InstantCab vehicle will have their entire tip, up to 20 percent of the fare, along with 10 percent of the fare, added back to their account as credit automatically applied to their next ride.

Recognizing that there may be an increase in demand as a result, InstantCab has made an effort to bring on more drivers. It claims to now have “an average of three times more cars on the road at all times.” In doing so, the company hopes to improve service and decrease wait times.

Read the full article on TNW