Over a few short years, an abundance of VC-funded apps have emerged that crowdsource just about every aspect for transportation, car management, and more. The Collaborative Economy has a branch of commerce that’s being dubbed the on-demand economy. Most of these apps are related to transportation, personal services, Ten Ways or logistics. The transportation sector is the most funded industry in the Collaborative Economy. In my ongoing studies of tracking market funding of this market, the transportation sector has received the most funding, over $14B, out-funding all other industries. The lion’s share going to ride-sharing apps like China’s Didi, India’s Ola, and America’s Uber.
There are hundreds of other business models
emerging that are related to other aspects of car ownership, car management, and cars as a service. Here are just ten examples, most which I have used: New cars come to you. Rather than go to a dealership to test drive a car, Tesla brought a Oman Number Data test drive car to my front door with a friendly sales associate. They let me test drive the vehicle without having to leave my own neighborhood block. Auto repair comes to you. A local Silicon Valley auto repair company reminded me of my car maintenance schedule. When I agreed, an account associate came to my house in a loaner car and swapped it out for my vehicle.
They later returned my car repaired and tuned up
You rent out your idle car, generating money. This was the first time a stranger drove off with my family vehicle. I listed an idle car on RelayRide and a European college student borrowed it for the weekend. I generated a bit of cash Cambodia Phone Number List from an idle, depreciating asset. You don’t have to own a car to drive a car. There are many services in which you can borrow a peer’s car such as Getaround or RelayRides from other owners. Or, there are a variety of short-term car rental companies like Zipcar, BMWDriveNow, and in some cities, Car2Go. You don’t need long-term car insurance. In many urban cities, car ownership is diminishing and with that, so is long-term car insurance.
