Empower is a United States-based startup that aims to revolutionize the "Gig Economy" by empowering hard-working Americans to achieve a sustainable income. The company's innovative software is specifically designed for the rideshare industry, providing drivers with the tools to take control of their financial future and offering riders safe and affordable transportation options. Empower's disruptive approach lies in providing software that decentralizes transportation decisions, allowing drivers to set their own rates and receive 100% of the payment, thus enabling them to establish and grow their business independently. One key advantage of Empower's software is that it enables riders to enjoy a 15-20% reduction in fares on average while gaining increased control over their choice of driver. This disruptive model not only benefits drivers but also delivers tangible advantages to riders, setting Empower apart from traditional rideshare services such as Uber or Lyft. Founded in 2019, Empower operates in the Information Technology and Platforms industries. The startup received its Venture - Series Unknown investment on 14 October 2022. Although the specific details of this investment, such as the amount and investors involved, are not provided, it highlights the continued interest and support for Empower's transformative vision within the rideshare industry. With its motto "TOGETHER WE WILL EMPOWER," Empower signifies a commitment to driving positive change and success for both drivers and riders.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture - Series Unknown | Unknown | - | 14 Oct 2022 | |
Venture - Series Unknown | Unknown | - | 27 Dec 2021 | |
Series A | Unknown | - | 31 Mar 2021 | |
Seed | Unknown | - | 02 Sep 2020 | |
Pre-Seed | Unknown | - | 06 May 2020 |
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