The Drivers Cooperative
| Company type | Worker cooperative |
|---|---|
| Industry | transportation, technology |
| Founded | 2020 |
| Headquarters | , |
Area served | New York City |
Key people | Mohammad Hossen,Ken Lewis, Erik Forman. Mohammad Hossen- become the first Elected Board President since December 01,2022. |
| Website | drivers.coop |
The Drivers Cooperative or Co-Op Ride is an American
workers cooperative, owned collectively by the drivers.[1][2] The cooperative launched in May 2020 in New York City,[3][4] with the first 2,500 drivers issued their ownership certificates in a media event.[5][6]
The cooperative was co-founded by
labor organizer Erik Forman, and former Uber executive Alissa Orlando.[7][6][8] Mohammad Hossen is the first member of the drivers' advisory board, which they plan to expand democratically as more drivers are onboarded.[7][9] Other staff include software and industry veterans and in addition to co-founder Lewis, there are other drivers in management roles such as ex-driver and organizer David Alexis.[9][8][10]
The Co-Op Ride app is on the
Stripe, and Waze.[11] By July, the app had been downloaded by 30,000 users and the number of drivers increased to 3,400,[12] and by August there were 40,000 users.[13]
The cooperative is owned by the drivers themselves, and takes 15% from each ride for business overhead costs, as opposed to the 25% to 40% ride hail apps like
Community Development Financial Institution Shared Capital Cooperative,[3] the local Lower East Side People's Federal Credit Union,[4][6] and welcomed individual donations via crowdfunding in the form of revenue sharing debt on Wefunder.[12][13] Each driver is a member of the cooperative and owns one share of the company and one vote in business and leadership decisions.[5][4] In addition to a larger percentage of the fees per ride driven, each driver as a part-owner will also receive a share of the company's profits after loans and other expenses are paid, in the form of weighted dividends.[5][4][13] The drivers use their own cars.[15]
The cooperative vets its owner-members further than what is already performed by the
non-profits and community organizations.[4]
References
- ^ Jones, Sarah (December 22, 2020). "Can a Worker-Owned App Pull Drivers From Uber and Lyft?". Curbed.
- ^ a b Akhtar, Allana. "I tried the new ride-hailing app in NYC designed to take driver power back from Uber and Lyft, and although it's still working out some kinks, I was happy to help drivers get more money". Business Insider.
- ^ a b "Hailing a new, co-op ride-hailing app owned by drivers". The Riverdale Press. 25 July 2021.
- ^ a b c d e f g h Toussaint, Kristin (July 15, 2021). "How the Drivers Cooperative built a worker-owned alternative to Uber and Lyft". Fast Company.
- ^ a b c "Driver-Owned Ride-Share Service 'Drivers Cooperative' Launches In New York City". WLNY CBS 10. June 4, 2021.
- ^ a b c Conger, Kate (May 28, 2021). "A Worker-Owned Cooperative Tries to Compete With Uber and Lyft". The New York Times.
- ^ a b c "New York City Drivers Cooperative Aims to Smash Uber's Exploitative Model". In These Times. 10 December 2020.
- ^ a b "In the Drivers' Seat". Dollars & Sense.
- ^ a b "Invest in The Drivers Cooperative: A ridehailing platform owned by workers, not billionaire founders and venture capital. | Wefunder". The Drivers Cooperative on Wefunder.
- ^ Verde, Ben (6 October 2021). "Socialist organizer David Alexis announces primary challenge to State Sen. Kevin Parker". Brooklyn Paper.
- ^ a b c "You Can Now Ditch Uber for a Driver-Owned Rideshare App in New York City". Gizmodo. June 2021.
- ^ a b "Driver-Owned Uber Alternative Looks to Crowdfund $1 Million". Bloomberg. July 14, 2021.
- ^ a b c d e "Driver co-op raising $1 million to battle Uber and Lyft". Protocol. August 20, 2021.
- ^ a b "New App Aims To Compete With Uber, Lyft While Giving New York Drivers A Living Wage". NPR.
- ^ "When Drivers are in the Drivers' Seat for Taxi and Ride-Hail Companies". nextcity.org.
