based on a doctoral thesis
Lymousine is the result of true commercialization of rigorous Research & Development (R&D) academic work. Its genesis is as a result of the founder, Michael Treasure, pursuing his Doctoral degree in Engineering Management from the George Washington University focused on the transport mobility space. For his own research purposes, Michael Treasure took it upon himself to conduct about 2,500 rides on Uber and Lyft platforms throughout the Atlanta, GA metropolitan market, documented and statistically analyzed the collected data, such as how often the car had passengers, the amount each ride paid, the duration and miles with each passenger and how much time and miles were spent riding around looking for passengers.
His data was telling: the average loaded (with a rider) trip miles in a vehicle was 8.87 miles, while the average unloaded trip mile was 4.21 miles, so unloaded relative to loaded miles per trip was approximately 47 percent. The average ride time of a trip with a rider was 18.51 minutes, while the average wait time for the next ride was 23.66 minutes.
In plain terms, Treasure found that on average, the driver spent more time waiting for the next ride than with a rider in the car.
He then attempted to calculate their take-home pay given those statistics. The average day’s revenue for an 11 hour and 38 minutes work day (yes, that’s almost a 12-hour work day!), driving more than 288 miles for the day, would translate to less than $12 per hour in gross revenue — or approximately $0.46/mile.
“These poor results would in part explain why drivers working for current Transport Network Companies (TNC)s, in the (a) ride sharing space, such as Uber & Lyft, and (b) in the last mile same day package delivery space, such as Postmastes&GrubHub, are grossly unhappy with their earnings and why there is such high churn rates in the industry,” says Treasure.
Treasure set about finding a solution to the problem, developing a patent-pending algorithm that focuses on scheduling rides in advance, whether it be people or package, to match riders/package recipients with drivers appropriately matched to achieve increase their efficiencies and earnings per hour. Instead of an Uber or Lyft model where the ride is immediately on-demand, Lymousine, allows riders and package delivery companies to schedule their rides/deliveries as soon as 20 minutes in the future. The Lymousine Model is up to 30% more efficient than other TNC models, drivers are paid a minimum of $20 per hour for an active work window and the Lymousine model is more environmentally friendly emitting up to less than 78 lbs. of Carbon emissions than other TNC models.