The number of people driving for Uber has shot by 31% from last year as people seek ways of making extra cash amid fears of the rising cost of living.
The company says that nearly 5 million people are picking up passengers or making food deliveries. The situation is set to significantly shift the company’s performance post the pandemic.
“That’s right: more people are earning on Uber today than before the pandemic,” said CEO, Dara Khosrowshahi. “Against the backdrop of elevated gas prices globally, this is a resounding endorsement of the value drivers continue to see in Uber.”
Uber said the flexibility drivers get from choosing their own schedules is one of the most enticing elements. The company has introduced a number of changes in its platform including a feature that allows drivers to see how much they will earn before committing to a trip.
“Rather than relying solely on financial incentives, our goal has been to improve drivers’ overall experience,” Mr Khosrowshahi said.
Uber reported 1.87billion trips on the platform between April-June, translating to roughly 21 million per day, an increase of 24% from last year.
In African markets such as Kenya, Uber’s food-delivery subsidiary Uber Eats has been a key contributor to the company’s growth. When Uber eats launched in 2016 it quickly enlisted 1000 restaurants. There are currently more than 8,000 merchants serving its African markets.