Juno is the youngest rideshare company, in an industry filled with heavy hitters. Juno hasn't been around more than a year or so, but they have plans to take on the big names in the industry.
In order to succeed in ridesharing, Juno will have to be competitive with Uber and Lyft.
Uber is by far the biggest player in the game. Let's take a look at how Juno stacks up with Uber in 2017. If at any point you decide to sign up to drive for Juno, feel free to use our Juno referral code.
Location of Juno vs Location of Uber
In real estate, people say that location is everything.
The same is true for the rideshare industry.
If you own a large share of the market in the highest density locations, you bring in the most revenue.
Uber currently operates in over 60 countries and close to 600 cities worldwide.
They have expanded the furthest out of any rideshare company.
Juno is still in beta testing mode.
They launched in New York City, and have yet to expand further.
Juno currently gives an estimated 20,000 rides daily in NYC. This compares to Uber's 200,000 daily rides in the same area.
This progress is impressive for Juno, but they still have a long ways to go.
Funding of Juno vs. Funding of Uber
Juno will need a lot of cash in order to scale and compete with Uber.
Their CEO is Talmon Marco. He previously founded and sold Viber, a messaging app that acquired over 750 million users.
This experience has enabled him access to funding early on. In a funding round during October of 2015, Juno aimed to raise $50 million from investors.
Uber has raised close to $12 billion in funding. They are valued at over $60 billion.
They clearly have the lead. They also have the ability to invest in new technology and heavily promote their platform with this capital.
Juno Drivers vs. Uber Drivers
Juno has made it clear that they only want the best drivers.
They recruit drivers with a 4.6 star rating or better with at least 100 rides.
In theory, they should have the best drivers.
They also treat their drivers better.
Drivers are guaranteed that only 10.5% commission is taken from their paychecks for the first two years.
They're also given equity in the company, 50% of shares are reserved for drivers.
Uber drivers are generally not happy with their platform. But they don't have a better option. Uber has also been open about their plan to implement self driving vehicles. This could put a portion of rideshare drivers out of business.
It looks like Juno may be able to provide a better alternative to Uber. If they can, drivers will transfer over to Juno with ease.