Bicycle Taxi Service (Pedicab) business. Business Overview Peddle your way to profits by starting your own bicycle or pedicab taxi service. Whether a romantic ride through a park or a sightseeing visit around town, tourists love to take in the sights and sounds on their vacation with a relaxing ride in a pedicab. The main obstacle to overcome for starting a pedicab taxi service is licensing. However, if a license to operate a pedicab can be acquired or purchased, you could then...