Fasten Raises $10M Series A to Up the Competition with Uber & Lyft

“We complete more rides than all companies combined” in Austin, Evdakov said of Fasten in comparison to other ride-hailing companies operating there on a monthly basis, without providing specific numbers. While Fasten has been operating in a crowded market, the startup aims to stand out by charging less for rides, taking a smaller cut of fares from drivers and putting a premium on treating drivers like customers. Fasten drivers are only charged a flat fee of $1 per ride. Uber and Lyft, on the other hand, take a larger cut from drivers based on a percentage of every ride. Fasten also recently opened a lounge in Boston for its drivers, giving them a space to network or get questions asked.