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Uber Carshare
Australian carsharing company From Wikipedia, the free encyclopedia
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Uber Carshare was an Australian company that facilitated peer-to-peer car rental, a system by which individuals may rent privately owned vehicles[1][2] on an hourly or daily basis to other registered users of the service.[3][4][5]
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History
Established in 2012 as Car Next Door,[6] it operated in all Australian capital cities as well as the Gold Coast, Sunshine Coast and Newcastle.[7][8][9]
Caltex Australia (later Ampol) invested A$2.5 million in the company in 2016.[10] Ampol sold its 17.2% interest for A$16.7 million on 24 December 2021.[11]
Hyundai invested in the company in 2019,[12] and listed a number of its electric Ioniq vehicles for sharing through the platform.
On 20 January 2022, the company was acquired by Uber for an undisclosed sum, but believed to be $105 million.[13][14][15][16] This was Uber's first Australian acquisition. The company continued operating independently following Uber's takeover with co-founder Will Davies as the chief executive until November 2022 when it was rebranded as Uber Carshare.[17]
In August 2024, Uber announced that Uber Carshare would cease operations in the following month citing rising costs and 'operational challenges'.[13]
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References
External links
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