The company says it will be up to 50 percent less expensive than taking an UberX. Uber offers the example of a ride from the Upper West Side to the Lower East Side of Manhattan: while a normal UberX trip would cost $38, the Route Share version would only set you back $19.

Key Takeaways Uber Technologies announced several affordability-focused features at its annual Go-Get event on Wednesday.Commuters will get new ways to lock in prices for frequent routes and to purchase bulk rides,

Uber Technologies on Wednesday unveiled a range of new offerings such as shared fixed-route rides and expanded membership passes, targeting consumers seeking cost-effective ways to travel. The ride-sharing app has been looking to invest in more affordable transport and delivery offerings to widen its user base and combat slowing revenue growth in an uncertain economic environment.