Ever thought how it would be if your car can make money for you! Well, few people thought about it and came up with service, where your car will earn for you. Peer-to-Peer Carsharing allows car owners to convert their personal car into the shared one. Here, the owner can rent out their cars to the renter on a short-term basis and get an opportunity to earn extra income.
What is Carsharing?
What is Carsharing?
There is an on-going confusion on carsharing terminology. The only difference is the use of the term ‘carsharing’ in different regions. In North-America, the term ‘carsharing’ means, a vehicle owned by a separate organization and used by many users, while the terms ‘ridesharing’ and ‘carpooling’ means vehicles owned privately and shared for the particular trip.
In the UK the term ‘carsharing’ refers to the privately owned vehicles shared for the particular trip. Whereas, the vehicles owned by an organization and are shared between different users is known as ‘car clubs’
Peer-to-Peer Carsharing is basically where people choose to make their private car available for use by others and in return receive payment when it is rented out. In P2P Carsharing, mobile apps play a very important role, as it is the sole platform to connect owners with renters.
So, here we are talking about carsharing service, where the vehicles are privately owned by the individual and is shared or given on rent when required.
How can your car earn for you?
You just need to own a car and Peer-to-peer carsharing app on your phone. Ok, let’s first understand what is Peer-to-peer car sharing platform. It is actually a personal car sharing platform where car owners make their vehicles available to others for rent for a short period of time like weekly, hourly or daily basis.
Peer-to-peer car sharing app collaborates with car owners who want to rent their car when not in use to them. The owner can earn money by renting their car.
Peer-to-peer carsharing acts as a technical platform, in the form of a mobile app that bring both owners and renters (who need the car) together and manages bookings and payments.
There are many car sharing platforms available, for example, Drivy, a leading peer-to-peer car rental company in Europe and was launched in 2010. Drivy allows you to rent a car, all you need to do is put the address and dates, choose a car, pay and meet the owner to get the car. On the other hand, being an owner, you just need to create your car profile, choose your price, put pictures and then accept and reject car request.
Ridengine is India’s only peer-to-peer car sharing platform that offers cars on rent and connects owner to the renter.
Peer-to-peer carsharing is different from traditional car sharing, for example, Zipcar, a traditional car sharing platform has fleets of vehicles to be given on rent, while peer-to-peer carsharing does not include the fleet of vehicles, it only connects owner of the car with the renter with the help of an app.
It’s an accelerating market!
- The peer-to-peer carsharing market is growing by leaps and bounds. Slowly car sharing will become a game-changer in urban mobility business.
- According to Frost & Sullivan’s Strategic Analysis of European and North American P2P Carsharing Market report, Peer-to-peer carsharing membership will grow to 9.8 million in 2025.
- Read More About P2P Carsharing.
