6 Car Sharing Service Business Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Car Sharing Service

Globally, people are looking for the most cost-effective way to move about. The increasing cost of car ownership has forced people to car sharing services.

Car sharing is where vehicle owners offer their vehicles for others to rent for a short period. The arrangement saves gasoline, parking fees, maintenance costs, taxes, and other expenses. Also, car sharing is a practical alternative for those on a budget who do not necessarily need full-time access to a vehicle.

According to experts, the global car-sharing market has exceeded 2 billion and will keep growing at a CAGR of over 20% for the next decade. In that regard, starting a car-sharing service presents a lucrative business opportunity.

With enough capital, you can purchase multiple vehicles and launch your car-sharing service.

Here are some real life success stories of starting a car sharing service:

1. Subskryb ($24K/year)

How much they make: $24K/year
Current team size: 5

They want to rent out your luxurious car using software, hit first $24k in ARR

Subskryb is a luxury vehicle subscription service founded by Giovanni Smith, Kendell Johnson, and Preston Martelly that allows car owners to rent their high-end cars and renters to book them daily, weekly, or monthly, building a VAAS model with car owners and renters.

About

Giovanni started Subskryb over 3 years ago

Revenue

Giovanni grew the business to $2K/month

Read this case study

Read by 675 founders

Learn more about starting a car sharing service:

Where to start?

-> How much does it cost to start a car sharing service?
-> Pros and cons of a car sharing service

Need inspiration?

-> Examples of established car sharing service

Other resources

Part of

Starting A Car Sharing Service: Everything You Need To Know

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4. BlaBlaCar

Where they're located: Campello sul Clitunno, Umbria, Italy
Website traffic: 1.41M/month

Start car-sharing in your city today. Easy rentals, flexible rates, iconic cars. No paperwork, no monthly commitments. Join SHARE NOW.

Where they're located: Columbus, Georgia, USA
Website traffic: 390K/month

Borrow a car from a person like you with Avail, the car sharing service protected by Allstate. Get full coverage insurance, honest fees, and top-notch customer service every trip.

Where they're located: Philadelphia, USA
Website traffic: 220K/month

1. Subskryb ($24K/year)

4. BlaBlaCar

5. SHARE NOW International - Your Future Car Rental

6. Avail Car Sharing