6 Car Sharing Service Business Success Stories [2023]
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)
Subscription vehicle as a service
Giovanni Smith, Kendell Johnson, and Preston Martelly (from Toronto, ON, Canada) started Subskryb over 2 years ago.
- Giovanni Smith, Kendell Johnson, and Preston Martelly co-founded Subskryb, a luxury vehicle subscription service.
- Through Subskryb, car owners can list their high-end cars while renters can choose from the listed cars and book them daily, weekly, or monthly.
- This subscription-based car-sharing & car rental company leverages technology to revolutionize personal mobility while building a VAAS (Vehicle-As-A-Service) model with car owners and renters.
Watch the full interview on youtube.com ➜
2. BlaBlaCar
- Website traffic: 1.41M/month
- Business rank: #133K
Check out their full website ➜
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
4. SHARE NOW International - Your Future Car Rental
Start car-sharing in your city today. Easy rentals, flexible rates, iconic cars. No paperwork, no monthly commitments. Join SHARE NOW.
- Website traffic: 390K/month
- Business rank: #254K
Check out their full website ➜
5. Avail Car Sharing
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.
- Website traffic: 220K/month
- Business rank: #285K
Check out their full website ➜
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