FlitWays
| File:FlitWays logo.png | |
| Traded as | OTC: FTWS |
|---|---|
| ISIN | 🆔 |
| Industry | Travel |
| Founded 📆 | 2013 |
| Founder 👔 | Tobi Mac |
| Headquarters 🏙️ | , , USA |
Area served 🗺️ | North America, South America, Europe, Asia, and Australia |
| Products 📟 | Mobile app and enterprise platform |
| Members | |
Number of employees | |
| 🌐 Website | flitways |
| 📇 Address | |
| 📞 telephone | |
FlitWays is a travel company based in Los Angeles. It produces both a mobile app and enterprise platform, which can be used to order or plan ground transportation.
History
The company was founded by Tobi Mac, and originally known as OnCabs.[1][2] It began with $600,000 in seed funding, supplemented with a $1.2 million Series A round of financing in December 2016.[3]
FlitWays is based in Los Angeles, launching in 2013 within the Los Angeles market before moving to other American cities,[4] including fifteen by April 2014.[5] That month the app entered the international market[6] with 84 cities in North America, South America, Asia, and Europe two months later.[7] By 2016 the app was used in around 200 cities,[3] and in 2017 the app became available in Australia, starting with ten additional cities there.[8]
In October 2016, the company started to trade on the OTC Pink Sheets under the ticket symbol CATQ, having completed a reverse recapitalization of Cataca Resources, Inc.[9] It later changed its ticker symbol to FTWS.[10]
Travel app
Users use either an online service or mobile app to enter their travel details—pick-up location, time, and destination—and are provided a comparative cost between different travel options, usually taxi, town car, and airport shuttle. Pricing is also reduced if the booking is made enough time in advance,[4][11][not in citation given] through partnerships that FlitWays has with taxi providers.[12] Pre-booking is also available for people integrating their ground travel into their larger travel plans.[citation needed] FlitWays also has partnerships with other travel companies like Megabus and Mozio, whose inventory of options can be ordered through the app.[13] FlitWays is cashless, with all payments being made through the app or online service.[7] The app is free and compatible with both Android and iOS.[5] FlitWays also has an enterprise platform, which is used by corporations including Xerox and Megabus.[3]
References
- ↑ "Daily Travel Startup Watch: OnCabs, DayThrill and More". Skift. June 10, 2014. Retrieved October 28, 2019.
- ↑ "Other Hailing Apps". nymag.com. July 31, 2014. Retrieved October 28, 2019.
- ↑ 3.0 3.1 3.2 May, Kevin (December 20, 2016). "FlitWays drives away with $1.2 million to expand ground transport booking". phocuswire.com. Retrieved October 20, 2019.
- ↑ 4.0 4.1 Corl, Adam (August 26, 2013). "FlitWays Makes It Ridiculously Easy To Book A Taxi". killerstartups.com. Retrieved October 28, 2019.
- ↑ 5.0 5.1 Turner, Gus (April 4, 2014). "The Best Car Service Apps That Aren't UberOnCabs". Complex. Retrieved October 28, 2019.
- ↑ Runansky, Ryan (July 25, 2014). "This Week's Must-Have Travel Apps". travelpulse.com. Retrieved October 28, 2019.
- ↑ 7.0 7.1 Bremmen, Nur (June 26, 2014). "Flitways offers pre-booking car service for travelers who like to plan". ventureburn.com. Retrieved October 28, 2019.
- ↑ Nguyen, Alexander (February 28, 2017). "Culver City-Base FlitWays Expands to Australia". patch.com. Retrieved October 28, 2019.
- ↑ "FLITWAYS TECHNOLOGY INC.: Form 10-K". U.S. Securities and Exchange Commission. December 31, 2016. Retrieved October 28, 2019.
- ↑ "Flitways Technology: Strong Sell - Reverse Merger Of An Underfunded Uber/Lyft Competitor With 98% Downside". Seeking Alpha. November 23, 2016. Retrieved October 20, 2019.
- ↑ Kessler, Sarah (October 21, 2015). "In Brooklyn, Mom-And-Pop Car Services Launch New Apps To Stave Off Uber". Fast Company. Retrieved October 28, 2019.
- ↑ O'Hare, Maureen (April 26, 2016). "7 new travel start-ups making business trips less stressful". CNN. Retrieved October 28, 2019.
- ↑ Vivion, Nick (December 4, 2014). "Startup pitch: FlitWays offers multiple modes of airport transportation". phocuswire.com. Retrieved October 28, 2019.
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