In a matter of minutes, Lyft can provide you with a cost-effective journey. It’s a quick and safe method to go to your destination at any time of day. You can now avoid looking for a taxi, cab, or bus by using Lyft.
Lyft is a fantastic app that may help commuters save time and money. For example, if you use Lyft and run out of cash, you don’t have to worry about your fare because you can pay for it over the phone. If you’re riding with a group of people who are also using Lyft, you can divide the fare with them. Given the high cost of transportation, this will assist you in sticking to your budget.
The Lyft app is what you need in some regions when taxis and cabs are rare and buses do not travel or pass that particular area. All you have to do is open your app and tap, and a pleasant Lyft driver will pick you up and safely carry you to your destination in a matter of minutes.
Lyft drivers are knowledgeable and trustworthy. Passengers score them, and only those with the highest rating are allowed to drive. In the event of an emergency, Lyft has $1 million in liability insurance.
Lyft is the safest mode of transportation, especially if you go out alone late at night or early in the morning.
It is less expensive to use the Lyft app. It is cost-effective. It is both faster and easier to use than the bus. All you have to do now is get the app. To use the Lyft app, you must first download it and then register. You can use Lyft immediately after completing your registration.
When discussing the Lyft app or a taxi app like Lyft, there are two applications to consider: the passenger’s app and the driver’s app. You may use the passenger app to order a ride, change payment methods, and use and send vouchers. In terms of the driver’s app, the driver must construct a complete profile before driving. The driver can also accept, reject, and request rides using this app.
The cost of developing a Lyft-like app will be determined by a number of factors. You’ll need an app icon for the design and mockups, which will cost between $1,000 and 7,000 USD. The API is also required for all operating system development. It will cost between 5,000 and 10,000 dollars. Another expense to consider is the cost of developing the mobile app, which can range from 7,000 to 15,000 dollars. The figures shown will differ depending on the extra features. For more information about Mobile App Development, contact Hyperlink Infosystem.
How much would it cost to build an app like lyft?
It is the first question that’s probably going to weigh on your mind if you’re looking to build an on-demand taxi service app like Lyft.
SaaS applications are the hottest business models today. And, it’s quite apt that you wish to build an enterprise SaaS application from scratch like lyft. With lyft creating pathways with a reliable roadmap of disruption, many entrepreneurs are now turning to the taxi app market.
According to Gartner, Software as a Service (SaaS) will continue to remain the largest market segment. The global research firm has forecast the market to grow to around $116 billion in 2020.
The team attributes the growth to the scalability of subscription-based software. An Lyft-like app can increase your chances of success in the SaaS industry. But what about the costs?
We got you! In this blog, we will take a look at different factors that determine the cost of developing an lyft -like app
How Lyft Works? Critical Features to Look into
The App’s Customer-Side Features and Development Costs. Let’s start with the app’s customer-facing features and how much they cost to develop. The Lyft app has a customer-facing feature.
Reimbursements
When developing an app like Lyft, you’ll need to think about your strategy. The cost of an Lyft journey varies depending on the type of ride you request (i.e., Lyft Black, Lyft SUV, and so on). Is there a set of criteria that Lyft employs to calculate a trip’s fare? Yes! Lyft’s business model includes the following elements:
- the standard fare
- Minutely rate
- Price per mile
- Free transportation is provided to salespeople.
- Here’s what you need to do if you want to make an Lyft like app that also accepts cashless payments. One of the first things you’ll want to include is your customer’s financial data security.
If you wish to hold and process credit card data, make PCI compliance a high priority.
Alternatively, you can use payment gateway providers like Stripe or Braintree, which offer fully supported PCI compliance solutions.
Lyft ‘s credit card transactions are handled by Braintree. The card.io technology is also used by the Lyft app to scan card numbers via a camera.
- Approximate Time Approximate Cost Feature
- Adding a card, scanning the card with the camera, and other payment methods take 2 to 5 weeks.
- $4,000+
- Making a Payment
- $2,000+ for 1 to 2 weeks
- Working on the Info Screen for a week to two weeks
- $2,000+
- Total Cost $6,000+ for 3 to 6 weeks
UI/UX Design
UI/UX Design The user experience of your software is critical to its success. You’d like to wow your clients with a user-friendly and visually appealing UI/UX.
There are numerous characteristics to great design, but minimalism, clarity, and simplicity usually stand out. The cost of UI/UX design will also be determined by your goals.
Table 3 shows an estimate of the cost of UI/UX for an Lyft like app.
Approximate Time is a feature.
UI/UX design at a rough cost—for iOS
- $6,000+ for 3 to 5 weeks
- Designing a user interface and user experience (UI/UX) for Android
- $6,000+ for 3 to 5 weeks
- Total Cost: $12,000+ for 6 to 10 weeks
Making a Ride Reservation in Advance
Scheduling a ride is a fun and well-thought-out option. It’s quite useful. Consider scheduling a ride ahead of time. It assists you in precisely planning your visits, which is fantastic. When you conduct thorough study on your client profile, you will be able to incorporate features that are useful.
Table 4 shows an estimate of how much it would cost to add a ride-scheduling feature to an app like Lyft.
Scheduling a ride Feature Approximate Time Approximate Cost (total cost)
$6,000+ for 3 to 6 weeks
Making a Ride Reservation for Someone Else (Other People)
Assume you want to use your account to book a ride for your grandmother. She would be overjoyed! The Lyft advanced feature is intriguing.
It’s similar to scheduling a trip in that it’s a beneficial tool. When you book the journey, the details will be sent to your grandmother, friend, or family. The ride details will be sent to both the consumer and the driver through SMS.
Table 5 shows an estimate of how much it would cost to add a function like booking a ride for others to an app like Lyft.
- Approximate Time Approximate Cost Feature
- Making a reservation for someone else’s ride (total cost)
- $8,000+ for 4 to 8 weeks
- Splitting Fares is a great way to save money.
- Splitting a fare is another fascinating advanced feature. Customers can split the cost of a ride with other passengers using this option. The following is an estimate of how much it will cost to develop such a feature:
Approximate Time Approximate Cost Feature
4 to 6 weeks $6,000+ 6. Split a fare (total cost) Routing and Geolocation
Let’s return to one of the fundamental qualities. GPS technology is used for the fundamental functions of geolocation and routing. The technology aids in the tracking of the car driver’s whereabouts. The feature is pleasant and hides the background’s sophisticated operations and architecture.
You’d discover the requirement for a routing server that allows you to calculate distances and run routes. Customers can rely on Lyft routing engines from the moment they open the app until they are dropped.
Developers can leverage Google Maps for real-time car movement on the technical side. The driver can use Google Maps to get GPS directions. If you want to develop an Android app like Lyft, you’ll need to include Maps SDK in your tech stack.
The Geolocation API can also be used by developers to obtain the user’s specific location data. You can utilise the CoreLocation framework to help with location services when planning the iOS version of the app. For route and direction selection, the MapKit framework will come in handy.
Approximate Time is a feature.
- Approximate Cost of Map Integration: $2,000+ in 1 to 2 weeks
- Set up a pickup location for 1 to 2 weeks for $2,000+
- Determine the user’s location
- $2,000+ for 1 to 2 weeks
- 3 to 6 weeks total cost
- $6,000+
- The App’s Driver-Side Features and Development Costs
- To get a thorough understanding of the SaaS development cost structure, you must look at the features for both entities (including drivers).
The Lyft app has a driver side.
Report on the Driver
The driver report feature assures the safety of both the driver and the passenger. The driver’s driving style is encapsulated in the report.
The report covers a certain period of time, such as a week or a month. As a result, in cases where a driver drives irresponsibly, either once or repeatedly, the report will assist Lyft in deciding whether or not to prohibit the driver who has broken the regulations.
- Approximate Time is a feature.
- Cost Driver Report (approximate) (Total Cost)
- $2,000+ for 1 to 2 weeks
Destinations for Drivers
The driver destination feature is a fun and necessary addition. Drivers can select their desired location, which allows them to locate passengers who require transportation in that direction. This function is useful for drivers who want to combine business and personal life. Driver destination Feature Approximate Time Approximate Cost (Total Cost) $3,000+
Lyft offers a feature-rich app, as you can see. When you’re brainstorming ideas for your app, keep in mind that features will play a big impact in price.
The cost of software development is determined by the features you want to include in the app. Several things will influence the development of your app. Let’s have a look at some of them.
Lyft and other factors that influence the cost of SaaS app development. Aside from features, there are a few other factors that influence the cost of establishing an Lyft app. Let’s take a closer look.
Type of Business
The type of business you have is an important consideration. Are you a new business? Do you want to develop the app alongside your company? Startups are more likely to have a limited budget than a well-established company.
Platform for Apps
Here’s one of the most common questions you’ll encounter prior to development. Do you want to make an app for Android, iOS, or both?
Lyft’s app was the first to be released on iOS. iPhones were extremely popular at the time. Around 80% of the market was accounted for by iPhones (on the US market).
It’s vital that you design your app platform ahead of time. It would be easier to make that final decision if you based it on market research.
