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
-
Person-to-person Carsharing — Using privately owned cars for carsharing and rentals, thus disrupting the traditional car rental and sharing industry.
-
Keyless Access Technology — Developing innovative and secure keyless access technology for cars to support person-to-person carsharing services.
-
Insurance Policy Innovation — Creating new insurance models and policies to support the unique needs of person-to-person carsharing.
Industry Implications
-
Transportation — Peer-to-peer carsharing could disrupt traditional car rental companies and change the way people think about car ownership.
-
Technology — Developing keyless access technology and insurance policy innovation offers opportunities for new startups and established tech companies to enter the carsharing market.
-
Insurance — Creating new insurance models for peer-to-peer carsharing offers opportunities for innovation and growth in the insurance industry.
3.3
Score
Popularity
Activity
Freshness
