Why let an unused car gather dust when you can rent it out with the Getaround app. The Getaround app is a peer-to-peer car sharing service that removes the middleman and lets you rent cars from people living in your area.
The Getaround app offers rates varying from $4-$25 an hour depending on the car. Getaround has insurance covered and also includes a car kit that lets users unlock and start cars using their iPhone. The app is currently beta testing in San Francisco with no set timetable for release.
What's Driving This Trend
- Peer-to-peer Car Sharing
- Opportunity for new P2P car sharing apps to enter the market, offering different features and pricing models to appeal to different customers.
- Sharing Economy
- Expanding sharing economy business model beyond just accommodation sharing to other assets such as unused cars for rent, contributing to a more sustainable and efficient use of resources.
- Mobile Unlocking Technology
- Development of mobile unlocking technology can be extended to other industries that require physical access, such as smart locks and homes, to offer more convenience and ease of access to users.
Who This Affects Most
- Automotive Rental Industry
- Disruptive innovation opportunity for the automotive rental industry to adapt to the changing customer preferences and behavior by introducing P2P car sharing service as a new business model.
- Transportation Industry
- Opportunity for car sharing services to revolutionize and disrupt the transportation industry by providing affordable and flexible transportation options that reduce the need for car ownership.
- Mobile Technology Industry
- Entry of P2P car sharing apps into the market can open up new opportunities for mobile technology innovations that can enhance the user experience and security of such services.
