Relayrides Matches Car Owners & Those Who Want to Rent a Ride
Katie Cordrey — February 6, 2010 — Autos
References: relayrides & venturebeat
RelayRides is a person-to-person carsharing organization similar to ZipCar but with a difference: the cars are owned by private individuals. Once a car is registered with RelayRides, an insurance policy is established for rental periods and a mechanic installs a device into the privately owned car that allows authorized renters to access it without a key hand-off. Car owners set the rental price and establish availability and pickup options.
The person-to-person carsharing service screens car renters’ diving records and guarantees against loss. Car owners can also score renters after car use. RelayRides claims that car owners can earn up to $8K annually by renting their cars for 20 hours or about 400 miles per week. The scheme is a positive for both car owner and renter as well as the environment.
RelayRides has launched in Baltimore, Maryland and hopes to expand its model throughout the U.S.
The person-to-person carsharing service screens car renters’ diving records and guarantees against loss. Car owners can also score renters after car use. RelayRides claims that car owners can earn up to $8K annually by renting their cars for 20 hours or about 400 miles per week. The scheme is a positive for both car owner and renter as well as the environment.
RelayRides has launched in Baltimore, Maryland and hopes to expand its model throughout the U.S.
Trend Themes
1. Person-to-person Carsharing - Using privately owned cars for carsharing and rentals, thus disrupting the traditional car rental and sharing industry.
2. Keyless Access Technology - Developing innovative and secure keyless access technology for cars to support person-to-person carsharing services.
3. Insurance Policy Innovation - Creating new insurance models and policies to support the unique needs of person-to-person carsharing.
Industry Implications
1. Transportation - Peer-to-peer carsharing could disrupt traditional car rental companies and change the way people think about car ownership.
2. Technology - Developing keyless access technology and insurance policy innovation offers opportunities for new startups and established tech companies to enter the carsharing market.
3. Insurance - Creating new insurance models for peer-to-peer carsharing offers opportunities for innovation and growth in the insurance industry.
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