Tucar

About Tucar

Tucar is a Chilean fleet management company founded in 2019 by Pablo Cabello, the current CEO, and José Francisco Silva. The company operates in the mobility-as-a-service sector, specifically targeting the high-demand market of drivers for ride-hailing applications like Uber. Tucar's business model centers on renting vehicles, with a strong focus on electric models, to individuals who want to work as drivers for these platforms. This approach addresses the barrier to entry for drivers who do not own a suitable vehicle.

The company's service is structured around flexible, weekly rental plans that provide drivers with modern vehicles (maximum two years old), including both electric and internal combustion options. These all-inclusive plans cover vehicle maintenance, insurance specifically designed for ride-hailing use, 24-hour roadside assistance, and unlimited mileage. Revenue is generated through these weekly rental fees. Tucar streamlines the payment process by integrating with the driver's Uber account; it collects the driver's earnings, deducts the rental plan costs, and then deposits the remaining profits into the driver's bank account. A security deposit is required, which can be paid upfront or in installments deducted from earnings.

A core component of Tucar's operation is its proprietary software and the Tucar Driver App. This application allows drivers to monitor their earnings, track kilometers driven, and manage their accounts, providing a comprehensive dashboard for performance management. The firm has invested over US$1 million in its software to optimize fleet operations. Tucar has established strategic partnerships, including a significant alliance with Uber and collaborations with entities like the Security Electromovilidad Urbana Investment Fund and Kia to expand its electric vehicle fleet. The company has ambitions for significant growth, with plans to expand its fleet to 1,500 electric cars and enter markets in Mexico and Colombia.