Hailo

Hailo
Industry Taxi management
Founded London, 2011
Founder Russel Hall
Gary Jackson
Terry Runham
Jay Bregman
Caspar Woolley
Ron Zeghibe
[1]
Headquarters London
New York City
Products Taxi e-hailing marketplace, mobile commerce network
Website hailoapp.com

Hailo is a British technology platform [2] that matches taxi drivers and passengers through its mobile phone application.[3][4][5][6][7] Founded in London in 2011, the Hailo taxi service is available in 16 cities (as of December 2013).

As of May 2013, Hailo has enabled more than 3 million rides for passengers from over 30,000 registered taxi drivers.[8]

The Hailo Passenger App is available as a free download from the App Store and Google Play for both iOS and Android devices.[3][4][8][9]

History

Hailo founders

Hailo began in late 2010, after a meeting between three London taxi drivers and three technology entrepreneurs, including co-founders Jay Bregman, CEO,[8][9][10][11][12][13] Ron Zeghibe, Executive Chairman, Caspar Woolley, Chief Operations Officer, and Russell Hall, Gary Jackson, and Terry Runham, Driver Community Leaders.

On November 1, 2011 Hailo officially launched to passengers in London.[3][4] By the end of 2012, Hailo had launched in Dublin, Boston, Toronto, and Chicago.[8][12][14] As of late 2013, the company is fully available in New York City and has announced the launches of services in Madrid, the rest of Ireland, Barcelona, Washington DC, Tokyo and Osaka by the end of the year.[9][15][16]

Funding

To date, Hailo has raised approximately $125.1 million in funding. Hailo received $3.0 million in two tranches of Seed round funding in 2011. In March 2012, Hailo received $17m in Series A round funding led by Accel Partners.[10][15][17][18] The round also included contributions from both Atomico and Wellington Partners.[18][19] A $30.6m Series B investment round was secured in December 2012, led by Union Square Ventures.[9][20] Contributions were also made by Japanese mobile telecoms group KDDI and business magnate Sir Richard Branson.[9][15]

Cities

Location Launch Slogan Fare Fee Payment Notes Link
London November 2011 The Black Cab App £10+ None Cash or card 5 min free waiting time
New York City[21] 2013 The Taxi Magnet $3.00+1 $1.99 peak
$0.99 off-peak		 Card (automatic) Services Discontinued6
Barcelona 2013 La app para taxis en Barcelona2 None None Cash or card 5 min free waiting time
Boston 2012 The Boston Taxi App $5.00+ $1.99 peak
$0.99 off-peak		 Card (automatic) Services Discontinued6
Chicago 2012 The Chicago Taxi App $5.00+ $1.50 Card (automatic) Services Discontinued6
Cork 2013 The Taxi Magnet None None Cash or card 5 min free waiting time
Dublin 2012 The Taxi Magnet None None Cash or card 5 min free waiting time
Montreal3 September 2013 L'application pour taxis de Montréal
The Montreal Taxi App		 None None Card (automatic) Services Discontinued6
Osaka May 2013 The Osaka Taxi App None None Cash or card 5 min free waiting time
Madrid May 2013 La app para taxis en Madrid4 None None Cash or card 5 min free waiting time
Washington, DC May 2013 The DC Taxi App $3.25+ $1.50 Card (automatic) Services Discontinued6
Toronto 2012 The Toronto Taxi App $4.25+ None Card (automatic) Services Discontinued6
Limerick 2013 The Taxi Magnet None None Cash or card 5 min free waiting time
Galway 2013 The Taxi Magnet None None Cash or card 5 min free waiting time
Atlanta N/A6 The Atlanta Taxi App
Tokyo[8][9] Coming soon5 The Tokyo Taxi App
Remainder
of Ireland		 March 2014[22] The Taxi Magnet

Notes

  1. Includes $0.50 mandatory state surcharge
  2. Translates to The App for Taxis in Barcelona
  3. Marketed in both English and French
  4. Translates to The App for Taxis in Madrid
  5. Atlanta, Tokyo, and the remainder of Ireland are currently locations that Hailo plans on serving in the future.
  6. Hailo shuttered its North American operations in late 2014 in Canada and the US citing low profits and increased competition from Uber and Lyft - http://www.cbc.ca/news/business/hailo-taxi-app-to-close-up-shop-in-toronto-and-montreal-1.2798283

Mobile application and e-hailing

A survey conducted by Hailo found that cab drivers spend an average of 40-60 percent of their time looking for fares.[8][23]

The Hailo mobile e-hail application uses mobile and GPS technology to match taxi drivers with passengers based on both availability and proximity.[4][8][24][25] Hailo passengers make two taps on the Hailo smartphone app in order to request and confirm their e-hail.[4][8] Once a driver has electronically accepted a passenger, the waiting passenger is sent an updated time of arrival based on route information and real-time traffic information.[4][24]

Customers also have the ability to specify if they require a wheelchair-accessible vehicle or a fixed price fare to designated location such as an airport terminal, where permitted.[24] The Hailo driver app includes social networking features, which allows drivers to alert each other of locations with high street fare demand, traffic conditions, speed traps and road construction obstacles.[8][19]

Both the Hailo passenger and driver apps are compatible with both iOS and Android mobile devices.[8][15]

Mobile commerce

Hailo enables its registered passengers to e-hail, pay and tip for taxi journeys using the credit or debit card details they have stored within Hailo's secure cloud wallet.[3][11][24]

In some city locations, taxi drivers can also use Hailo to process credit and debit card payments for street hail fares by manually entering passenger card details when they reach their destination.

Instant trip receipts are sent to passengers by email and contain journey and payment information along with instructions to help retrieve any property lost or forgotten in the taxi.[8]

Legal proceedings

In February 2013, Black Car Assistance Corporation and Livery Roundtable filed a lawsuit against the taxi and limousine commission to prevent e-hailing companies from expanding to New York City.[7][9][18][26][27] In April 2013, a judge dismissed the lawsuit and Hailo won the right to begin an e-hail beta trial. The decision was subsequently appealed.[16][26] After a second temporary restraining order was issued against the pilot program, Hailo became the only taxi-hailing app-maker to join the lawsuit in support of the city.[18]

References

  1. ↑ Hailo on Crunchbase, Crunchbase, retrieved June 21, 2013
  2. ↑ https://www.hailocab.com/press-releases/taxi-heaven-for-londons-black-cab-drivers
  3. 1 2 3 4 Warman, Matt (January 26, 2012), Hailo Android app review, London: The Telegraph, retrieved June 21, 2013
  4. 1 2 3 4 5 6 Your friendly neighbourhood app, The Economist, October 27, 2012, retrieved June 21, 2013
  5. ↑ New York May Let People Hail Cabs With Smartphones, ABC News, retrieved June 21, 2013
  6. ↑ Brustein, Joshua (May 11, 2012), The Push to Make Cab Rides Smarter, The New York Times, retrieved June 21, 2013
  7. 1 2 In New York, Taxi Apps Raise Objections From Competitors, NPR, retrieved June 21, 2013
  8. 1 2 3 4 5 6 7 8 9 10 11 A Mobile App That Makes Hailing a Taxi Easier and More Efficient, Entrepreneur, retrieved June 21, 2013
  9. 1 2 3 4 5 6 7 On-Demand Taxi Startup Hailo Raises $30M From USV And Others, Including Strategic Funding From KDDI To Launch In Tokyo, TechCrunch, retrieved June 21, 2013
  10. 1 2 Startups of the week #19.1, UXB London, retrieved June 21, 2013
  11. 1 2 Hailo Taxi June 2011 (PDF), Hailo, retrieved June 21, 2013
  12. 1 2 Let New Yorkers hail cabs and livery cars from their smartphones, Daily News, retrieved June 21, 2013
  13. ↑ The cab conductor: reading Hailo's success story, Wired.co.uk, retrieved June 21, 2013
  14. ↑ Hailo taxi app to launch e-hailing, Crain's New York Business, retrieved June 21, 2013
  15. 1 2 3 4 Hailo confirms its $30M round from Richard Branson, Union Square Ventures, VentureBeat, retrieved June 21, 2013
  16. 1 2 Hailo Launches Taxi App Beta Test; Uber Approved for TLC Pilot Program, BETABEAT, retrieved June 21, 2013
  17. ↑ On-Demand Car Services Driving Off With Venture Funding, The Wall Street Journal, retrieved June 21, 2013
  18. 1 2 3 4 Taxi-Hailing Battle Heats Up in New York, Inc. Magazine, retrieved June 21, 2013
  19. 1 2 Put your hand down! Hailo, yet another cab app, gets $17M from Accel Partners, VentureBeat, retrieved June 21, 2013
  20. ↑ Hailing Hailo, New York Post, retrieved June 21, 2013
  21. ↑ WSJTaxi! Taxi! Oh, Never Mind. I'll Use My Smartphone., The Wall Street Journal, retrieved June 21, 2013
  22. ↑ "Hailo Nation". March 3, 2014.
  23. ↑ Taxi race: can Uber and Hailo deliver a real-time revolution?, The Verge, retrieved June 21, 2013
  24. 1 2 3 4 An entrepreneur pitches an app solutions to New York's accessible-taxi problem, TechCrunch, retrieved June 21, 2013
  25. ↑ Underlying technologies of taxi apps
  26. 1 2 Here Come the Yellow Cab Apps: New York Judge Dismisses E-Hail Lawsuit, BETABEAT, retrieved June 21, 2013
  27. ↑ Race On for Taxi Apps, The Wall Street Journal, retrieved June 21, 2013
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