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Empower is a rideshare platform that uses a driver-subscription model where drivers pay for access and keep 100% of their fares. Drivers set their own rates and use provided tools to manage their business, while riders enjoy fares about 20% lower and can favorite and choose specific drivers. Revenue comes from driver subscriptions across tiers, such as the Empower Monthly Platinum Plan, differentiating itself from commission-based rivals. The goal is a decentralized, driver-led mobility platform that prioritizes safety and affordability for riders.
Industries
Automotive & Transportation
Consumer Software
Company Size
51-200
Company Stage
Early VC
Total Funding
$7.7M
Headquarters
McLean, Virginia
Founded
2016
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Total Funding
$7.7M
Below
Industry Average
Funded Over
6 Rounds
Generous equity package
Full healthcare benefits
Unlimited PTO
Technology expense reimbursement
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Empower Takes On New York: Rideshare Wars are Heating Up in America's Largest City. A new report from Obi analyzed 7,876,228 associated ride offers and reveals growing consumer demand for cheaper rideshare alternatives in New York City. The upstart rideshare service Empower is undercutting industry leaders Uber and Lyft on pricing by an average of nearly 30%, according to a new report from Obi, the global real-time aggregator for rideshare prices. Empower, which uses a driver subscription model instead of a commission structure, is currently operating without a Taxi & Limousine Commission (TLC) license in New York City and faces mounting regulatory scrutiny. NYC officials have alleged the company is operating illegally and is avoiding fees and surcharges required of licensed operators. Obi's analysis suggests those avoided fees may contribute significantly to Empower's pricing advantage: Currently, the average Empower ride in New York is roughly $32 per trip, compared to $40-46 for Uber, Lyft, and yellow cab hailing app Curb. Download the full report below. The report, "Empower Takes On New York: Rideshare Wars are Heating Up in America's Largest City," analyzed 7,876,228 associated ride offers as well as receipt data, taken from within the Obi app in New York City. The findings suggest that NYC riders are increasingly prioritizing lower fares and predictable pricing as rideshare costs continue to rise. "New York riders are clearly searching for alternatives as rideshare prices continue climbing," said Ashwini Anburajan, CEO at Obi. "The data shows Empower has tapped into two frustrations simultaneously: riders feel they're paying too much, and drivers feel they're earning too little." Additional findings in the report include: * Empower riders take the longest trips on average - more than 7 miles per ride - while still paying significantly less per mile than competing services. * Empower drivers keep a larger share of fares, with Obi's receipt analysis showing drivers retain roughly 94% of fare and tip revenue (before any subscription costs) compared to about 82% on Uber and Lyft. * Pickup times remain competitive, with Empower averaging just 9 seconds slower than Uber despite being substantially cheaper. * Consumer loyalty is strengthening, with 70-80% of daily Empower users appearing to be repeat riders by the end of Q1. ABOUT OBI Obi is a global real-time aggregator that compares millions of pricing and pick-up (ETA) data points, providing consumers and businesses with actionable insights. The free Obi app allows riders to compare all the major rideshare providers, taxis and black cars instantly. With over 1,500,000 users, the Obi app is available in over 175 countries, providing global price transparency for riders. The app is available for free download on iOS and Android at rideobi.com. May 20, 2026
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Financial technology company. Empower <i class="fa fa-info-circle company-popover" data-content="h3Empower/h3. div
Empower Finance has agreed to buy US credit fintech Petal and closed the acquisition of Philippines-based Cashalo.
/PRNewswire/ -- Empower Finance, Inc. has entered into a definitive agreement to acquire Petal, a consumer credit card and financial technology company...
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Industries
Automotive & Transportation
Consumer Software
Company Size
51-200
Company Stage
Early VC
Total Funding
$7.7M
Headquarters
McLean, Virginia
Founded
2016
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