Are you wondering how to develop a taxi booking app like Bolt? If yes, you have come to the right place. In today’s digital era, convenience has become the key when it comes to transportation. That’s why businesses have started investing in taxi booking app development, which offers a lucrative business opportunity.

With the emergence of ride-sharing services like Lyft and Uber, the demand for user-friendly and efficient taxi booking app software is on the rise. So, you can tap into such a growing market by creating top-notch applications that offer seamless booking and secure payment options.

In a study, I found that the market for taxi apps is projected to reach $283 billion by 2028, growing at a compound annual growth rate of 4.2% from 2023 to 2028. As per this data, now is the perfect time to invest in an online taxi booking app development as the industry is witnessing continuous growth at the global level.

So, if you also want to develop a taxi booking app like Bolt, and want to know more, this blog is for you.

Quick Summary: Learn how to create a taxi booking app like Bolt, its must-have features, costs involved, and benefits for businesses. Also, explore alternative techniques used in taxi booking app development and how businesses can generate money with the booking taxi app.

What is Bolt – A Taxi Booking App?

Bolt is a popular taxi booking mobile app that is designed to connect riders with energy drivers for convenient and quick transportation. The app offers services in different cities across the world. It facilitates competitive pricing, a user-friendly interface, and different ride options, including premium and eco-friendly vehicles. Moreover, the app also ensures safety through real-time tracking and driver rating, which makes it a reliable choice.

 

Market Analysis of Taxi Booking App

Taxi – Worldwide

• By 2024, the global taxi industry is anticipated to bring in US$140.70 billion.
• With a compound annual growth rate (CAGR 2024–2029) of -1.16%, this projection shows a stable growth rate.
• Consequently, market volume is projected to reach US$132.70 billion by 2029.
• By 2029, it’s expected that there will be one billion consumers in the taxi sector worldwide.
• This increase is consistent with the 14.5% user penetration rate predicted for 2024; by 2029, this percentage will drop to 12.3%.

Number of users of ride-hailing & taxi worldwide from 2021 to 2030

(in millions)

 

• The ‘Ride-hailing’ segment of the shared mobility market was expected to have 620.6 million users worldwide by 2030, a continual increase of 34.67 percent.
• The indicator is predicted to reach 2.4 billion users and a new peak in 2030 following the 9th year of increases.
• Notably, during the past few years, the number of users in the shared mobility market’s “Ride-hailing” segment has steadily risen.

 

Top 5 Taxi Booking Apps

Here is a list if top taxi booking apps you must consider to understand the market landscape

 

 

Apps	Available platform	Ratings	Downloads
Gett	Android |iOS	4.6	1Cr+
Lyft	Android |iOS	4.7	50M+
Turo	Android |iOS	4.9	1Cr+
Grab	Android |iOS	4.8	10Cr+
Uber	Android |iOS	4.5	50Cr+

 

 

How Do Taxi Booking Apps Work?

You want to develop a taxi booking app like Bolt; however, do you know how taxi booking android apps work? Well, to make your taxi booking or car rental software development process easy, learn how your taxi app solution will work with the following key working steps:

 

 

• Profile Creation
• Request Quote
• Matching
• Ride
• Payment Process
• Rating or Feedback

 

1. Profile Creation

At first, users create their profile with their name, contact number, and preferred mode of payment. These details ensure a smooth booking experience.

 

2. Request Quote

Now, users enter their location and drop off their destination. Using GPS, the app pinpoints the user’s location and lets users choose a vehicle type based on their needs.

 

3. Matching

After this, the taxi booking app like Gett or Uber will send user requests to nearby drivers. Users can see the driver’s estimated time and fare on a map.

 

4. Ride

Once a driver accepts the user’s request, the app tracks the rider’s progress on the map, which allows users to know when drivers arrive. Riders can also communicate with drivers via the taxi booking app for android or iOS.

 

5. Payment Process

There is no need for cash payment. Taxi booking apps offer cashless payment options like debit cards, credit cards, or mobile wallets. The fare is charged upon reaching the exact destination.

 

6. Rating or Feedback

After reaching the destination, riders share their feedback. This offers engagement and regard to drivers for providing good taxi driving services.

 

 

Why Should Businesses Invest in Taxi Booking App Development?

The taxi industry has undergone a significant transformation in the last few years, driven by the rise of mobile application-based booking services. Entrepreneurs that invest in an app for booking taxi development are unlocking several benefits that can keep them ahead in the competitive landscape. Some of the taxi booking app benefits for businesses are discussed here:

 

 

• Increased Brand Value
• Capture Wider Reach
• Direct Earning
• Competitive Edge
• Future-proof Business

 

1. Increased Brand Value

A taxi booking app android or iOS featuring your branding logo is a constant presence on customers phones. Hence, this exposure builds brand recognition that strengthens your position in the market.

What if someone opens their phone to take a ride? Your brand is reinforced. A well-designed taxi booking app not only boosts your brand image but also fosters customer loyalty through a seamless user experience.

 

2. Capture Wider Reach

It’s another key reason to invest in the development of the taxi booking app. With a taxi booking app development, you can tap into a large audience, including residents without personal vehicles, tourists, and people in regions where traditional taxi servers are inaccessible. Hence, this wider reach translates to higher revenue potential and increased demand.

 

3. Direct Earning

It’s one of the benefits that you can enjoy with the taxi booking app development. You can generate revenue through ride fares, advertising within the application, surge pricing during peak hours, and many more.

Furthermore, the taxi booking or car rental apps like Turo can also offer different payment options that make transactions more appealing and smoother to a diverse customer base.

 

4. Competitive Edge

A user-friendly and feature-rich white label taxi booking app can set your business apart from competitors relying on traditional methods. This innovative and technological edge can attract the tech-savvy customers and establish the business as one of the industry leaders.

So, if you want to enjoy such a competitive advantage, develop a taxi booking app like Bolt, providing a seamless user experience.

 

5. Future-proof Business

Last but not least, investing in the best taxi booking apps development ensures that a business remains future-proof. With the emergence of advanced technology, it has become for businesses to stay ahead of trends. You can keep yourself ahead of the trend with a robust and scalable app that positions your business for long-term success and sustained growth in today’s entirely digital world.

Building our taxi booking app with Dev Technosys was an excellent experience. Their creativity, expertise, and dedication ensure an engineering and seamless user interface. The app they develop has exceeded our expectations, driving significant engagement. I highly recommend Dev Technosys for your app development project.

Tyler Down

 

7 Key Steps to Develop a Taxi Booking App Like Bolt

It’s great you want to develop a taxi booking app like Bolt. However, have you ever thought about how to build a taxi booking app? Well, on demand taxi booking app development requires a complex mindset and careful planning. If you want to know more about the taxi mobile app development process, the following steps will help you to understand better:

 

 

• Conduct Market Research
• Choose the Best Tech Stack
• Craft an Intuitive UI/UX
• Develop the App
• Testing and Quality Assurance
• Launching and Marketing
• Provide Continuous Support and Upgrades

 

1. Conduct Market Research

Start the taxi booking app development through market research to understand the market landscape. Identify who will be your target customers, what they expect from a taxi booking app, and what will attract them the most.

Also, examines the existing players like Uber, Lyft, and many more, making them understand how to run a business in the industry. Overall, the market research carte is the foundation of your taxi booking app development.

 

2. Choose the Best Tech Stack

Now, to develop a taxi booking app like Bolt, you must choose the most appropriate and proper tech stack. With the right technology stack selection, you can ensure your taxi booking app’s success.

If you find it’s quite difficult to choose the tech stack, an experienced mobile app development company can advise you on which operation would be best for your taxi booking application.

 

3. Craft an Intuitive UI/UX

User interface and user experience are crucial for developing a successful taxi booking app. You must ensure that your app’s interface is visually appealing, easy to navigate, and clean. This enables users to easily book their riders, track their driver’s location, and manage payments. Remember, with a user-friendly experience, you can keep rides returning for more.

 

4. Develop the App

Now, the right time to build your taxi booking app has come, hire dedicated developers to convert your dream into practice. This involves development for the app’s rider, driver, and admin panel.

Ask the mobile app development professionals to insert features like real-time location, fare estimate, in-app communication, and  secure payment process to enhance, making your app attractive.

 

5. Testing and Quality Assurance

As you have developed your taxi booking app, it’s critical to put it through its test. With the help of an Android or iPhone app development company ensures that there are no issues or technical errors with your app and that it is ready to launch.

Here, quality assurance testers conduct different testing and ensure that all functions of your app are working properly, and you can introduce it to the market.

 

6. Launching and Marketing

App launching is just the beginning; you must create a comprehensive marketing strategy to reach potential target users. You can use influencer marketing, strategic partnerships, and the most important social media platform to generate buzz.

Moreover, you can offer launch discounts or promotions to attract early adopters. A successful launch requires a strong brand identity and communicating your app’s value proposition.

 

7. Provide Continuous Support and Upgrades

Now, you have to work a little more. Continuously monitor how your taxi booking app is performing and consider user feedback using your app. You can get assistance from a taxi booking app maintenance services to keep our app maintained.

This will help you address the bugs in a timely manner and add new features to keep users engaged. Moreover, providing customer support also builds loyalty and trust among drivers and riders.

 

Must-have Features of a Taxi Booking App

Developing a taxi booking app is about more than just enabling users to book a ride. You must provide a comprehensive system that can address all nuances of the rider’s journey. So, if you want to provide a seamless user experience with your taxi booking app, consider the following unique features to ensure the attainment of the business goals:

User Panel

Features	Description
Register	Create a mobile app that lets users easily sign-up process through phone number, email, or social media accounts
Track Drivers	This feature enables monitoring of the driver’s location and estimated arrival time.
Select Cab Type	Develop a taxi booking app like Bolt, allowing users to choose from different types of cabs, including premium, standard, or shared rides.
Automatic Payment	Ensure integrated payment gateways for secure and seamless transactions using debit/credit cards, UPI, or mobile wallets.
Review and Ratings	Allow users to share their feedback and rate their ride experience to ensure service quality.

 

Driver Panel

Features	Description
Register	Facilitate a simple sign-up process with significant document uploads and verifications.
Booking Status	Allow users with real-time updates in ride requests to accept or reject options and trip details.
Booking History	Lest driver tracks their booking history, including the canceled bookings too. This helps them analyze their performance and trends in their rides.
Daily Earnings	This feature lists how much drivers have earned in a day and how much they need to pay you.
Passenger Rating	Develop a taxi booking app like a bolt that lets drivers leave their reviews for riders, ensuring that you can provide drivers with a safe working environment.

 

Admin Panel

Features	Description
Trips/Rides Management	Lest admin view, manage, and assign rides for a seamless user experience.
Track Rides	Make A Taxi Booking App that enables the admin to  track call rides in real time
Revenue Reports	Detailed reports on earning, broken down by different metrics
Fare Management	Develop a taxi booking app like the Bolt, allowing admin to update and manage fare rates
Revenue Reports	Admin can generate revenue reports using a dashboard and take action accordingly.

 

Cost Analysis to Develop a Taxi Booking App Like Bolt

When entrepreneurs plan to build a taxi booking app like Bolt, one of the first questions that comes to their mind is what is the taxi booking app development cost? You might also think the same. However, you must understand that nobody can predict the actual mobile app development cost.

This is because a range of factors, such as the app’s features, design, functions, and many more, influence the overall cost to create a taxi booking app. Moreover, the cost also depends on the complexity level of the taxi booking app, as mentioned below:

 

Taxi Booking App Development	Estimated Cost	Time Frame
Simple Taxi Booking App Development	$8200 – $13000	3 to 6 Months
Medium-Complex Taxi Booking App Development	$13000 – $21000	6 to 9 Months
High-Complex Taxi Booking App Development	$27500+	10+ Months

 

5 Monetization Opportunities For Taxi Booking Mobile App

Do you know you can also earn money with a taxi booking app like Uber or Bolt? Well, there are several app monetization strategies through which you can earn extra revenue. Here is a list of the top 5, you must consider to generate more revenue:

 

 

• Subscription Plans
• Cancellation Fee
• Commission-Based Model
• Advertisement
• Freemium Model

 

1. Subscription Plans

It’s a popular app monetization strategy that offers users premium features for a recurring fee. This could include benefits like reduced waiting times, priority booking, or exclusive deals. This strategy can attract frequent users who are ready to pay more for enhanced service.

 

2. Cancellation Fee

If users cancel their rides after a specific event for some reason, they incur a penalty. This compensates drivers for their potential listening and time while also deterring last-minute cancellations.

 

3. Commission-Based Model

In this monetization strategy, taxi booking apps charge a commission fee on rides booked through the application. As per the iOS or Android app development services. This method ensures a steady stream of income proportional to the total number of rides.

 

4. Advertisement

By collaborating with local businesses, the taxi booking application can display targeted ads to users. This leverages user data to offer relevant deals and promotions. This provides a strong revenue stream for advertisers.

 

5. Freemium Model

This revenue-generating strategy provides users with basic features for free while offering premium features for a fee. The freemium model can attract a large user base and convert free users to paying customers as they pay for more features with better service.

 

 

Tech Stack for Taxi Booking App Development

As you are going to develop a taxi booking app like Bolt., you must know what tech stack you need to use. However, you might be unaware of all this, therefore the following table will help you gain a knowledge about the tech use you can use:

 

Component	Technology Options
Frontend Development	* Native (Swift for iOS, Kotlin for Android) * Cross-platform (React Native, Flutter)
Backend Development	* Programming Languages (Node.js, Python, Java) * Database (MySQL, PostgreSQL, MongoDB)
Cloud Infrastructure	* Amazon Web Services (AWS) * Google Cloud Platform (GCP) * Microsoft Azure
Real-Time Communication	* Socket.IO, Pusher
Mapping & Navigation	* Google Maps Platform, Mapbox
Payment Gateway Integration	* Stripe, Braintree, PayPal
Authentication & Security	* Firebase Authentication, OAuth 2.0

 

 

Wrapping Up!

No doubt, investment in a taxi booking app development is a smart business move. With advanced approaches to technology and market strategies, entrepreneurs can develop a successful taxi booking app that can meet modern customers’ needs and generate a steady revenue stream for the business.

So, if you are a business that wants to develop a taxi booking app like Bolt, convert your idea into reality with the help of an iPhone or Android app development company. Dev Technosys ensures that we exceed clients’ expectations with our app development services.

So share your project requirements with us and attain your business goals.

 

Frequently Asked Questions

Q1. How Much Does It Cost to Develop a Taxi Booking App Like Bolt?

On average, the cost to develop a taxi app like Bolt is between $8200 and $27500, depending on the app’s features, design, functionalities, and complexity level. If you want something special in your app, you have to pay more.

 

Q2. How Long Does It Take to Develop a Taxi Booking App Like Bolt?

If you want a basic taxi booking app with simple features, the time would be around 3 to 7 months. However, if you want a feature-rich app, then the development time could be around one year.

 

Q3. How Can I Ensure the Security of My Taxi Booking App?

If you develop a taxi booking app like Bolt, ensure the security of your taxi booking app in the following ways:

• Implement secure login and authentication methods
• Comply with relevant data privacy regulations
• Regularly update your app to address security vulnerabilities

 

Q4. How Can I Attract Drivers to Use My Taxi Booking App?

Attract the users to your taxi booking app by:

• Providing a transparent earning system
• Offer competitive rates and incentives for drivers
• Ensure a user-friendly driver interface
• Prioritize use safety

 

Q5. How Much Does it Cost to Hire Mobile App Developers for Taxi Booking App Development?

If you don’t know how to make a taxi booking app, you can hire taxi app developers. This will cost you around $15 to $25 per developer based on their skills and experience.