Route Share is available during weekday commuting hours, and passengers can ride with up to two other people. It's half the cost of an UberX, Uber said in an announcement Wednesday.

Uber has announced a new "Route Share" feature that takes multiple riders on a predetermined route at a set time each day. If that sounds a little familiar, you're not alone.

And Route Share, with its extra walking and limited availability, is among Uber’s cheapest ride to date. The company says it will be up to 50 percent less expensive than taking an UberX.

So, say you take an Uber to work or your partners place regularly, you can buy a set of trips along that route. The passes will work for 30 days or up to $50 in savings, whichever you hit first.

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Uber's Route Share option will initially launch in New York City, San Francisco, Chicago, Philadelphia, Dallas, Boston and Baltimore.