Steps to Create Taxi Booking App Like Bolt In 2024

Last updated on August 22nd, 2024

If you’re curious about how to create a taxi booking app similar to Bolt, you’re in the right spot. In today’s digital landscape, convenience has become essential in transportation. This shift has prompted businesses to invest in taxi booking app development, presenting a lucrative opportunity. With the rise of ride-sharing platforms such as Lyft and Uber, the demand for efficient and user-friendly taxi booking software is increasing.

By developing high-quality applications that facilitate easy bookings and secure payment methods, you can enter this expanding market. Research indicates that the taxi app market is expected to reach $283 billion by 2028, growing at a compound annual growth rate of 4.2% from 2023 to 2028. Given this information, now is an ideal time to invest in online taxi booking app development as the industry continues to grow globally. If you’re interested in bringing your own taxi booking app like Bolt to life and want to learn more, this blog is tailored for you.

What is Bolt – A Taxi Booking App?

Bolt is a widely-used mobile application that links passengers with local drivers, providing fast and convenient transportation options. Available in various cities around the globe, the app is known for its competitive pricing and intuitive interface. Users can select from a variety of ride options, including premium services and eco-friendly vehicles. Additionally, Bolt prioritizes safety with features like real-time tracking and driver ratings, making it a trustworthy choice for commuters.

Market Analysis of Taxi Booking App

• By 2024, the global taxi industry is projected to generate approximately USD 140.70 billion.
• The compound annual growth rate (CAGR) from 2024 to 2029 is estimated at -1.16%, indicating a relatively stable growth trend.
• Market volume is expected to decline to around USD 132.70 billion by 2029.
• It is anticipated that there will be one billion users in the global taxi sector by 2029.
• This projected growth aligns with a predicted user penetration rate of 14.5% in 2024, which is expected to decrease to 12.3% by 2029.
• The “Ride-hailing” segment within the shared mobility market is estimated to have 620.6 million users worldwide by 2030, representing an increase of 34.67%.
• By 2030, the number of users in this segment is forecasted to reach 2.4 billion, marking a new peak following nine consecutive years of growth.
• Notably, the number of users in the “Ride-hailing” segment has shown consistent growth over the past several years.

Also Read: On-Demand Taxi App Development Mistakes To Avoid

Top 5 Taxi Booking Apps

How Do Taxi Booking Apps Work?

If you’re looking to develop a taxi booking app like Bolt, it’s essential to understand how taxi booking applications function. To simplify the development process for your taxi booking or car rental software, familiarize yourself with the following key operational steps that outline how a taxi app solution typically works:

1. Profile Creation

Initially, users set up their profiles by providing their name, contact number, and preferred payment method. This information helps facilitate a seamless booking experience.

2. Request Quote

Next, users input their current location and drop-off point. The app utilises GPS technology to accurately identify the user’s position, allowing them to select a vehicle type that best suits their requirements.

3. Matching

Following this, the taxi booking application like Gett or Uber, transmits user requests to drivers in the vicinity. Users are then able to view the driver’s estimated time of arrival and the fare displayed on a map.

4. Ride

Once a driver has accepted the user’s request, the app monitors the rider’s journey on the map, enabling users to see when their driver is approaching. Additionally, riders have the option to communicate with drivers through the taxi booking app on both Android and iOS devices.

5. Payment Process

Taxi booking apps eliminate the need for cash transactions by providing cashless payment alternatives such as debit cards, credit cards, or mobile wallets. The fare is automatically billed once the rider arrives at their designated destination.

6. Rating or Feedback

After the ride is completed, users are prompted to rate their overall experience and provide any feedback. This helps maintain a high level of service and provides valuable insights for future improvements.

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 who invest in developing a taxi booking app are unlocking numerous advantages that can help them remain competitive in the market. Some of the key benefits of taxi booking apps for businesses include enhanced operational efficiency, access to a broader customer base, and the ability to gather valuable data for analysis and improvement. These apps also foster customer loyalty through user-friendly interfaces and reliable service, ultimately leading to increased revenue potential and growth opportunities in the dynamic transport sector.

1. Increased Brand Value

A taxi booking app featuring your branded logo serves as a consistent presence on customers’ devices, creating ongoing exposure that enhances brand recognition and solidifies your market position. Consider the moment a user unlocks their phone to book a ride; your brand instantly comes to mind, reinforcing its presence. Moreover, an expertly designed taxi booking app not only elevates your brand’s image but also cultivates customer loyalty through an intuitive and seamless user experience.

2. Capture Wider Reach

Investing in taxi booking app development allows you to access a substantial audience, including those who do not own personal vehicles, tourists seeking convenient transportation, and individuals in areas lacking traditional taxi services. This expanded market reach not only opens the door to increased revenue opportunities but also generates greater demand for your services. By catering to these diverse customer needs, your app can significantly enhance your business’s growth potential.

3. Direct Earning

One of the significant advantages of developing a taxi booking app is the ability to generate income through various channels. Not only can you earn revenue from ride fares, but advertising placements within the app and implementing surge pricing during busy periods can also contribute to your bottom line. Additionally, similar to car rental services like Turo, your taxi booking app can provide multiple payment options, making transactions more convenient and attractive for a wide range of customers.

4. Competitive Edge

A well-designed, feature-rich white label taxi booking app can differentiate your business from competitors who still depend on conventional methods. This technological innovation not only appeals to tech-savvy consumers but also positions your business as a leader in the industry. To gain this competitive advantage, consider developing a taxi booking app similar to Bolt, which offers a smooth and intuitive user experience.

5. Future-proof Business

Last but not least, committing to the development of a top taxi booking app guarantees that your business remains resilient in the face of change. With rapid advancements in technology, it’s crucial for businesses to stay ahead of emerging trends. A solid and scalable app will help you maintain a competitive edge, ensuring your business is well-positioned for enduring success and sustainable growth in the ever-evolving digital landscape.

Also Check: Taxi App Development Cost: A Ultimate Guide

7 Key Steps to Develop a Taxi Booking App Like Bolt

It’s fantastic that you’re interested in developing a taxi booking app like Bolt. Have you considered the process involved in building such an app? Creating an on-demand taxi booking app demands a thoughtful approach and meticulous planning. If you’re eager to learn more about the taxi mobile app development process, the steps outlined below will provide you with a clearer understanding:

1. Conduct Market Research

Initiating the development of your taxi booking app begins with thorough market research to comprehend the landscape. It’s essential to pinpoint your target audience, understanding their expectations from a taxi booking app and what features will captivate them the most. Additionally, analysing existing players in the market, such as Uber and Lyft, can provide valuable insights into effective business practices within the industry. Ultimately, comprehensive market research will serve as the cornerstone of your taxi booking app development, laying a solid foundation for your future efforts.

2. Choose the Best Tech Stack

Selecting the appropriate technology stack is critical when developing a taxi booking app like Bolt. A well-chosen tech stack is a key factor in ensuring the success of your app. If you’re feeling overwhelmed by the selection process, consider consulting with a professional mobile app development firm. They can offer valuable guidance and recommend the best operational technologies for your taxi booking application.

3. Craft an Intuitive UI/UX

The user interface and user experience play a vital role in the success of your taxi booking app. It’s essential to create an interface that is visually appealing, simple to navigate, and uncluttered. By doing so, users will find it easy to book rides, monitor their driver’s location, and handle payments efficiently. A seamlessly engaging user experience will encourage riders to return and use your app repeatedly.

4. Develop the App

Now that you’ve laid the groundwork, it’s time to bring your taxi booking app to life by hiring dedicated developers who can turn your vision into reality. This includes building separate interfaces for the riders, drivers, and the admin panel. Be sure to collaborate with mobile app development professionals to incorporate essential features such as real-time location tracking, fare estimation, in-app communication, and a secure payment system. These functionalities will enhance the user experience and make your app more appealing to potential users.

5. Testing and Quality Assurance

As you’ve built your taxi booking app, it’s essential to subject it to rigorous testing. Engaging an Android or iPhone app development company can help ensure that your application is free from issues and technical glitches, preparing it for launch. In this phase, quality assurance testers will perform various tests to verify that all functions of your app operate correctly, ensuring it is market-ready.

6. Launching and Marketing

The launch of your taxi booking app marks just the start; it’s crucial to develop a thorough marketing strategy to connect with your target audience. Consider utilizing influencer marketing, forging strategic partnerships, and leveraging key social media platforms to generate excitement around your app. Additionally, introducing launch discounts or promotions can entice early users to engage with your service. A successful launch hinges on establishing a robust brand identity and effectively conveying the unique value your app offers.

7. Provide Continuous Support and Upgrades

Once your taxi booking app is launched, it’s vital to monitor its performance continuously and take user feedback into account. Engaging with app maintenance services can assist you in keeping your application running smoothly.

This approach will enable you to promptly address any bugs and implement new features that enhance user engagement. Moreover, offering consistent customer support fosters loyalty and builds trust among both drivers and riders, creating a positive environment for all users of your app.

Must-have Features of a Taxi Booking App

Developing a taxi booking app extends beyond merely allowing users to arrange a ride. It requires a holistic system that caters to every aspect of the rider’s experience. To deliver a smooth user experience with your taxi booking app, it’s essential to incorporate the following distinctive features that will help achieve your business objectives:

User Panel

Driver Panel

Admin Panel

Cost Analysis to Develop a Taxi Booking App Like Bolt

When entrepreneurs set out to develop a taxi booking app like Bolt, a common query that arises is the expected mobile app development cost. It’s important to recognize that accurately predicting the total cost of mobile app development is quite challenging. This unpredictability stems from various factors, including the features, design, functionalities, and other elements that contribute to the overall expenses associated with creating a taxi booking application. Additionally, the price will vary based on the complexity of the app, as detailed in the sections below:

5 Monetization Opportunities For Taxi Booking Mobile App

Did you know that you can generate income with a taxi booking application like Uber or Bolt? There are numerous monetization strategies you can employ to boost your revenue. Below are five of the most effective options to consider for increasing your earnings:

1. Subscription Plans

You can offer premium subscription plans for users who frequently use your app. These plans could include benefits such as discounted ride fares, priority booking options, or exclusive access to certain features.

2. Cancellation Fee

Incorporating a cancellation fee in your app can provide an additional source of income. This fee can be charged to passengers who cancel their ride after a certain time frame or to drivers who repeatedly cancel on passengers.

3. Commission-Based Model

Similar to how Uber and Bolt operate, you can take a percentage commission from each ride booked through your app. This model works well for both large taxi corporations and individual drivers.

4. Advertisement

You can also generate revenue by displaying advertisements on your app. This can be done through partnerships with local businesses or by using an ad network such as Google AdMob.

5. Freemium Model

Offering a “freemium” version of your app with limited features can entice users to upgrade to a paid version for access to additional features and premium benefits. This model is commonly used in many popular apps such as Spotify and Tinder.

Overall, it’s essential to carefully consider which monetization strategies will work best for your taxi booking app, taking into account your target audience and the competition in the market. With effective planning and execution, your app has the potential to generate a steady stream of income while providing convenient transportation services to users. 

Suggested: How To Start A Taxi Business: 12 Easy Steps

Tech Stack for Taxi Booking App Development

As you embark on developing a taxi booking app like Bolt, understanding the required tech stack is crucial. If you’re not familiar with the specific technologies, the following table will guide you through various tech options to consider for your app development:

How can iTechnolabs help you to build a Taxi Booking App Like Bolt?

At iTechnolabs, we have a team of dedicated developers who specialize in creating high-quality and feature-rich taxi booking apps. With our expertise in various technologies and programming languages, we can help you build a robust app like Bolt that meets all your business requirements.

Our team will work closely with you to understand your vision and design a customized solution that caters to your specific needs. With our agile development approach, we ensure timely delivery while maintaining the highest level of quality.

• Expert Development Team: Gain access to a highly skilled team of developers proficient in a diverse range of programming languages and frameworks. This expertise ensures that your app development process adheres to industry standards and achieves the highest quality, ultimately resulting in a robust and efficient application that meets your business needs.
• Custom Solutions: We provide tailored app design and features that are meticulously aligned with your unique business requirements and objectives. This personalized approach not only enhances functionality but also ensures that your app stands out in the competitive market, offering a unique value proposition to your users.
• Agile Methodology: Our implementation of an agile development process allows for flexibility and quick adjustments throughout the project. This methodology fosters collaboration and ensures that we can adapt to changing needs, leading to timely delivery and a product that truly reflects your vision.
• Comprehensive Technology Stack: We utilize the latest technologies for frontend, backend, database management, and payment processing. This commitment to modern solutions ensures that your app is not only reliable and scalable but also equipped with features that enhance performance and security, providing a seamless experience for your users.
• User-Centric Approach: We place a strong emphasis on creating intuitive and user-friendly interfaces that enhance user experience and engagement. By prioritizing usability and accessibility, we ensure that your app is enjoyable to navigate, leading to higher user satisfaction and retention rates.
• Ongoing Support and Maintenance: After launch, we provide continuous support to address any issues that may arise and to implement updates as needed. This commitment to ongoing maintenance guarantees that your app remains functional, up-to-date, and responsive to user feedback, ensuring long-term success.

Conclusion:

At iTechnolabs App Development, we are committed to creating innovative and high-quality mobile apps that exceed our clients’ expectations. Our personalized approach, utilization of agile methodology, comprehensive technology stack, user-centric approach, and ongoing support and maintenance all contribute to the success of your app. Let us partner with you to bring your vision to life and create a standout mobile app that resonates with your target audience. 

Frequently Asked Questions

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

On average, developing a taxi booking app like Bolt typically ranges from $8,200 to $27,500. The final cost depends on various factors, including the features, design, functionalities, and overall complexity of the app. Should you desire additional unique features in your application, expect to invest more.

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

If you’re looking to create a basic taxi booking app with essential features, the development duration would typically be between 3 to 7 months. However, for a more comprehensive app loaded with advanced functionalities, the timeline could extend to approximately one year.

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

If you develop a taxi booking app like Bolt, you can enhance its security through the following measures:

• Implement robust login and authentication protocols to protect user access.
• Adhere to applicable data privacy laws and regulations to safeguard user information.
• Regularly update the application to mitigate potential security vulnerabilities and ensure ongoing protection.

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

To effectively attract drivers to your taxi booking app, consider implementing the following strategies:

• Establish a Clear Earnings Structure: Create a transparent system that clearly outlines drivers’ earnings and commission rates, helping them understand their potential income.
• Offer Competitive Rates and Incentives: Provide appealing compensation packages and bonuses that encourage drivers to join and stay with your platform.
• Develop an Intuitive Driver Interface: Ensure that the app is user-friendly, making it easy for drivers to navigate and manage their bookings efficiently.
• Prioritize Driver Safety: Implement robust safety measures and features that enhance the security of drivers, establishing trust and reliability within your platform.

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

If you’re unsure about how to create a taxi booking app, hiring taxi app developers can be a viable option. The cost for hiring these developers typically ranges from $15 to $25 per hour, depending on their expertise and experience level.