Picap

Picap is a mobility solutions provider that specializes in ride-hailing services, connecting users with motorcycle and car drivers to ensure efficient urban transportation. Founded in 2016, Picap operates as a ride-hailing platform, facilitating transportation through motorcycles and cars in various Latin American countries. The company is headquartered in Bogota, Colombia. The founders, Daniel Mendez and Hector Neira, are also the company's current executives.

In May 2019, Picap raised USD 2. 5 mn in funding led by Signia Ventures, marking a significant investment round for the company. This funding brought the total amount raised to USD 2. 5 mn, following one major deal.

Picap offers innovative mobility solutions primarily through its ride-hailing platform, connecting users with motorcycle and car drivers for quick and efficient transportation. The platform addresses urban transportation issues like traffic congestion, allowing users to save up to 60% of travel time compared to buses. Services include motorcycle rides, group travel options, 'Rent a Pilot' for hiring motorcycles with drivers, and traditional taxi services available via their mobile app. Picap operates across several Latin American nations including Colombia, Mexico, Guatemala, Nicaragua, Paraguay, Argentina, Chile, Brazil, Ecuador, the Dominican Republic, and Costa Rica.

Revenue generation for Picap is facilitated through a transactional model where customers pay for rides via their mobile application. The pricing is based on distance traveled and vehicle type, with options for motorcycles or cars. This model caters to individual consumers and businesses seeking mobility solutions. Partnerships may enhance service offerings, contributing to revenue, while a user-friendly interface encourages repeat transactions among customers valuing convenience and safety in urban travel.

Picap is focused on expanding its services and product offerings. The recent funding of USD 2. 5 mn raised in May 2019 will support initiatives aimed at enhancing their mobility solutions. The company plans to explore new markets across Latin America, broadening its reach in regions where urban transportation solutions are needed.

Specific future products and services, as well as release dates, have not been outlined, but the overall strategy involves leveraging recent investments to refine and innovate their platform.