Car owners are building their own rental car fleets on Turo
With rental cars in short supply, enterprising car owners have amassed their own small fleets of automobiles, renting them out to travelers at a premium. If you need a car in Boston for a weekend in mid-October, you can rent a Ford Fiesta hatchback from Budget for about $500 — or pay the same for a Maserati Quattroporte from Turo.com, a car-sharing site. (Read More)
Honolulu City Council Wants To Regulate Car-Sharing Companies
The Honolulu City Council is calling on the state Legislature to draft a bill that would manage car rental companies in response to complaints from neighborhoods about the peer-to-peer car-sharing companies taking up parking space on side streets. (Read More)
San Francisco man who allegedly stole car using car-sharing app arrested in San Carlos
A San Francisco man who allegedly stole a car from Sunnyvale and drove it to San Carlos used a car-sharing app called Getaround to target and find the car has been arrested, the San Mateo County District Attorney’s Office said Tuesday. Michael Guess, 26, used the app to search for cars in the area. App users have to enter a passcode to access the key in the car when agreeing to borrow the car through the app, but Guess broke through the car window, took the key he knew was there, and drove it to the San Carlos Fairfield Inn, prosecutors said. (Read More)
Free2Move celebrates the 5 year anniversary of their marketplace with an established growth model
Free2Move is a leader in mobility, and offers a complete ecosystem for private and professional customers, with tailor-made solutions that offer multiple vehicle access options through a single web-based and mobile app. The group is accelerating the deployment of its Mobility Hub services globally, as the needs of B2B and B2C customer needs begin to converge. Car-sharing: In Washington D.C., Portland, Madrid, Paris, and soon other cities, it is possible to locate more than 2,400 cars in an instant. (Read More)
Carshare services return to Princeton
After over a year, carshare services returned to the University this past week, offering students and faculty the ability to rent transportation by the hour or the day. An email sent to all undergraduate students on Sept. 17 detailed information about the service, including the 14-vehicle Enterprise CarShare fleet located at spots throughout campus. Enterprise offers an accessible and more affordable option to rent cars for princeton.edu email holders who are older than 18 and hold either a valid U.S. driver’s license or international driver’s license. (Read More)
Floshare: Car-share program in Rochester promotes eco-friendly transportation
ROCHESTER, N.Y. (WROC) — A new car-sharing program in Rochester is offering residents an affordable and eco-friendly alternative means to transportation. Flower City Car Share, of Floshare for short, now has four 100% electronic vehicles available to be rented: Two stationed at the Rochester Public Market and two more at St. Mary’s Hospital. Prices start at $5 per hour, or $40 per day, and according to the Floshare website, drivers licenses from all 50 states are accepted. (Read More)
Getaround® Announces New Frontiers Bonus Program to Incentivize Entrepreneurs to Drive Market Expansion
Getaround, a leading global and fully digital carsharing marketplace, today announced its New Frontiers Bonus Program that rewards car owners for sharing additional vehicles in eligible markets, up to $750 per vehicle. With demand for carsharing increasing and the North American carsharing market projected to exceed $4.8 billion by the close of 2024, Getaround is making it easier for entrepreneurs to make extra money sharing cars in higher demand areas using the Getaround marketplace. (Read More)
Mobilize: car-sharing is on the rise
When it comes to consumer trends in automotives, habits are changing: more and more customers are increasingly interested in how they use rather a vehicle rather than owning it. Their main criteria are flexibility and availability: move about easily, find a clean and available vehicle nearby, when needed. A comprehensive service, where you only pay for what you use at price known in advance. As simple as that! (Read More)
ZipCar, University of Iowa cancel partnership
ZipCar vehicles arrived on the University of Iowa campus nine years ago, to expand transportation options for students and reduce the demand for parking. The service is now canceling its contract with the UI, though a lack of on-campus parking remains a problem for students and faculty. (Read More)
The Sharing Economy – When New Opportunities Create Insurance Challenges
I recently took a call from a personal insurance client of mine who is considering buying a new Tesla with the hope of renting it out via Turo.com (a site I wasn’t familiar with until I spoke with him). The site states that it allows individuals to rent vehicles from other individuals and boasts that over 800 unique makes and models are available. This statement made me contemplate a couple of things, but most importantly, can I find an insurance carrier who would be willing to cover his car under this specific type of situation? Just because these services are thriving, doesn’t mean the insurance industry has followed. (Read More)
HyreCar Inc. Shareholders with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Purchasers and acquirers of HyreCar Inc. (NASDAQ: HYRE) securities between May 14, 2021 and August 10, 2021, inclusive (the “Class Period”) have until October 26, 2021 to seek appointment as lead plaintiff in the HyreCar class action lawsuit. Filed by Robbins Geller, the HyreCar class action lawsuit charges HyreCar and certain of its executives with violations of the Securities Exchange Act of 1934. (Read More)