Driver-Owned Rideshare Co-op to Launch in Minneapolis, Offering Alternative to Uber and Lyft

• Driver-owned rideshare co-op launching services in Minneapolis in coming weeks as alternative to Uber and Lyft

• Co-op touts higher driver pay (8-10% more per trip) and driver ownership through dividends

• Move comes as Uber and Lyft threaten to leave Minneapolis over city ordinance to boost driver pay

• Co-op plans to partner with local driver association to launch before May

• Co-op founders, drivers and riders to hold press conference in Minneapolis on Friday