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New Rideshare Company Myle Launches in NYC

Published on Feb 20, 2020 at 7:50 am in News.

On February 19, 2020, Myle, a new ride-hailing company, launched exclusively in New York City. Founded by Aleksey Medvedovskiy, a 20-year veteran of the city’s taxi industry, Myle is hoping to compete with Uber and Lyft by offering a more affordable rideshare alternative.

Approximately 5,000 drivers licensed by the city’s Taxi and Limousine Commission (TLC) are driving for the company. Riders can access Myle in all five of NYC’s boroughs: Manhattan, Brooklyn, Queens, The Bronx, and Staten Island. There are plans to expand to several Long Island counties later in the year.

In regard to a more affordable rideshare option, Myle claims most rides will cost ten percent less than the average Uber or Lyft ride. In addition to that, the company won’t make use of surge pricing or hidden fees.

While surge pricing helps other rideshare drivers earn extra cash during peak times, Myle is ensuring their drivers are paid weekly and the commission they charge on each ride is less than the competitors. This means that drivers will keep more fare from each ride they accept and complete. Drivers also have the option of automatic, on-demand payouts.

In order to drive, applicants have to add their vehicle and corresponding paperwork in the app. This could include a Medallion, permit, or TLC plate number. Once they’re approved, the driver can immediately go online on the app and begin accepting requests from riders.

Riders hail a driver in the same way as Uber or Lyft – through the app. Myle is available for on-demand and prescheduled rides. There are a number of vehicle options to choose from, including standard vehicles, SUVs, wheelchair-accessible vehicles, and carpooling rides.

As with other platforms, Myle’s app allows riders to track their driver’s location, report incidents – including accidents, safety concerns, and citations, and rate their driver based on performance. The company claims the average rating for the drivers is 4.89 out of 5 stars.

In addition to the riders program, Myle offers transportation solutions for companies. Employers can use the service to provide transportation for employees while tracking expenses and accessing reporting tools. Employees can order trips that comply with parameters set by employers.

With a new rideshare company, comes the possibility of more cars on the road and more traffic accidents. While handling an Uber or Lyft claim can seem complex enough, dealing with a claim involving a new company can be even more challenging. That’s why the Rideshare Law Group represents accident victims nationwide. Learn more about our services and get help today.