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	<title>VentureBeat &#187; ride sharing services</title>
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		<title>SideCar picks up Austin-based ride sharing startup Heyride just in time for SXSW</title>
		<link>http://venturebeat.com/2013/02/14/sidecar-buys-heyride-sxsw/</link>
		<comments>http://venturebeat.com/2013/02/14/sidecar-buys-heyride-sxsw/#comments</comments>
		<pubDate>Thu, 14 Feb 2013 15:45:14 +0000</pubDate>
		<dc:creator>Tom Cheredar</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Deals]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[ATX]]></category>
		<category><![CDATA[Austin]]></category>
		<category><![CDATA[carpooling]]></category>
		<category><![CDATA[cars]]></category>
		<category><![CDATA[featured]]></category>
		<category><![CDATA[ride sharing services]]></category>
		<category><![CDATA[sxsw]]></category>
		<category><![CDATA[SXSW 2013]]></category>
		<category><![CDATA[transportation]]></category>

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		<description><![CDATA[<p>In a push to grow beyond its San Francisco roots, ride sharing service SideCar has purchased Austin, Texas-based competitor&#160;Heyride.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=622194&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<div class="post-meta-blurb post-meta-before blurb-tag-sxsw-2013"><div class="simple-boilerplate"><a href="http://www.ukti.gov.uk/investintheuk/investintheukhome/item/459740.html" data-vb-ga-outbound="SXSWstoryboilerUKTI" target="_blank"><img alt="UKTI" src="http://venturebeat.files.wordpress.com/2013/03/ukti_cmyk_aw_100_10mm1.jpg?w=100" /></a>We are working with <a href="http://www.ukti.gov.uk/investintheuk/investintheukhome/item/459740.html" data-vb-ga-outbound="SXSWstoryboilerUKTI" target="_blank">UK Trade &amp; Investment</a> to showcase the United Kingdom's thriving start-up and investment scene through a series of posts and video interviews at SXSW. Check out all of the coverage <a href="http://venturebeat.com/tag/sxsw-2013/" data-vb-ga-outbound="SXSWstoryboilerpage">here</a>. As always, VentureBeat is adamant about maintaining editorial objectivity.</div></div><p><a href="http://venturebeat.com/2012/10/10/in-the-face-of-strife-sidecar-cruises-on-with-investors-riding-shotgun/sidecar/" rel="attachment wp-att-548338"><img title="sidecar" alt="" src="http://venturebeat.files.wordpress.com/2012/10/sidecar.jpeg?w=640&#038;h=512" width="640" height="512" /></a></p>
<p>In its push to grow beyond its San Francisco roots, ride-sharing service <a href="http://side.cr" target="_blank" target="_blank">SideCar</a> has reportedly purchased Austin, Texas-based competitor <a href="http://heyride.com" target="_blank" target="_blank">Heyride</a>, according to an <a href="http://allthingsd.com/20130214/sidecar-buys-an-austin-competitor-let-the-sxsw-ride-sharing-wars-commence/" target="_blank" target="_blank">AllThingsD</a> report published today.</p>
<p>The acquisition probably has something to do with the <a href="http://sxsw.com/" target="_blank" target="_blank">SXSW conference</a> that&#8217;s held in Austin every year in early March. And as a new resident of this fair city, I can attest to its horrible traffic congestion during the morning and evening rush, which will undoubtedly be worse with an enormous event happening. That said, ride sharing services will likely see plenty of use during SXSW.</p>
<p>Much like SideCar, Heyride is an iPhone app that searches your immediate area for people who are available to transport you around town for a fee. That fee is determined prior to someone picking you up, and the transaction is done entirely over your smartphone, which eliminates awkward situations that involve breaking large bills or being surprised that the driver doesn&#8217;t have a credit card machine. You&#8217;re able to track your ride using the smartphone&#8217;s GPS and rate drivers once you&#8217;ve been dropped off.</p>
<p>Buying Heyride is a smart move for SideCar. Not only will it gain Heyride&#8217;s local user base, but it&#8217;ll also put the spotlight on SideCar and potentially take attention away from rival ride sharing service Lyft.</p>
<p>We&#8217;ve reached out to SideCar for more details about the acquisition as well as its plans for SXSW. And as always, we&#8217;ll update this post with any new information.</p>
<p>Founded in 2012, the San Francisco-based <a href="http://venturebeat.com/2012/10/10/in-the-face-of-strife-sidecar-cruises-on-with-investors-riding-shotgun/" target="_blank">SideCar raised a $10 million round</a> of funding back in October from <a href="http://www.lightspeedvp.com" target="_blank" target="_blank">Lightspeed Venture Partners</a> and <a href="http://www.googleventures.com" target="_blank" target="_blank">Google Ventures</a>. Since launching last year, the startup has facilitated over 50,000 rides and grown a community of hundreds of drivers and thousands of passengers.</p>
<br />Filed under: <a href='http://venturebeat.com/category/business/'>Business</a>, <a href='http://venturebeat.com/category/deals/'>Deals</a>, <a href='http://venturebeat.com/category/social/'>Social</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=622194&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" /><style type="text/css">.simple-boilerplate {
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