Uber is facing competition from newcomer Juno and as a bonus, the new company’s drivers will have equity in the enterprise. On top of that, they will get less taken by Juno – 10% as opposed to 20% by Uber. Despite this, fare prices will be on a par with Uber.
Co-founder Talmon Marco has told CNN Money, that happy drivers are what they are aiming for, and the customers will also like this. Drivers will be contract workers and will need to be rated 4.70 or above by companies such as Uber. At present, there is no need for the drivers to work exclusively for Juno but can take work from a variety of ride-hailing firms.
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New York is the setup City for Juno and already has their drivers signed up. They are quite late to the table as Uber has been active for seven years. They are already present in 380 cities and has managed to get an investment of $8 billion. They do have an alliance of rivals however including Lyft, who are now present in 200 Cities.
Some drivers are not happy with their lot, and this has been the catalyst for driver involvement with Juno. If they go to the market, their drivers will be well looked after. Juno is learning from the mistakes of other ride-hailing companies and working well within the confines of the Taxi and Limousine Commission.
