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Car Next Door
Uber Carshare was an Australian company that facilitated peer-to-peer car rental, a system by which individuals may rent privately owned vehicles on an hourly or daily basis to other registered users of the service. History Established in 2012 as Car Next Door, it operated in all Australian capital cities as well as the Gold Coast, Sunshine Coast and Newcastle. Caltex Australia (later Ampol) invested in the company in 2016. Ampol sold its 17.2% interest for on 24 December 2021. Hyundai invested in the company in 2019, 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. 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. In August 2024, Uber announced th ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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Ioniq
Ioniq (stylized in all caps) is an Automotive industry, automotive sub-brand and a division of Hyundai Motor Company with headquarters in Seoul, South Korea. The sub-brand was established in 2020 as a sub-brand for Hyundai's electric vehicle line-up. The sub-brand is slated to aid Hyundai to achieve a targeted 1 million electric vehicle sales annually by 2025, with the Ioniq brand projected to contribute 560,000 of those sales. History Before it was introduced as a sub-brand, the Ioniq name had been used for the 2012 Hyundai i-oniq concept, a small sporty hatchback that was equipped with a battery-electric drivetrain and a range-extending gasoline engine. Between 2016 and 2022, the name was used for the Hyundai Ioniq, a compact liftback available with a choice of eco-friendly powertrains: gasoline hybrid, plug-in hybrid, or full battery-electric; the 2016 Ioniq was intended to compete with the Toyota Prius hybrid and Nissan Leaf battery-electric vehicles. On 10 August 2020 ...
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Uber Acquisitions
Uber Technologies, Inc. is an American multinational transportation company that provides ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, and operates in approximately 70 countries and 15,000 cities worldwide. It is the largest ridesharing company worldwide with over 150 million monthly active users and 6 million active drivers and couriers. It coordinates an average of 28 million trips per day, and has coordinated 47 billion trips since its inception in 2010. In 2023, the company had a take rate (revenue as a percentage of gross bookings) of 28.7% for mobility services and 18.3% for food delivery. History In 2009, Garrett Camp, a co-founder of StumbleUpon, came up with the idea to create Uber to make it easier and cheaper to procure direct transportation. Camp and Travis Kalanick had spent $800 hiring a private driver on New Year's Eve, which they deemed excessive, and Camp was also inspir ...
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Online Automotive Companies
In computer technology and telecommunications, online indicates a state of connectivity, and offline indicates a disconnected state. In modern terminology, this usually refers to an Internet connection, but (especially when expressed as "on line" or "on the line") could refer to any piece of equipment or functional unit that is connected to a larger system. Being online means that the equipment or subsystem is connected, or that it is ready for use. "Online" has come to describe activities and concepts that take place on the Internet, such as online identity, online predator and online shop. A similar meaning is also given by the prefixes cyber and e, as in words ''cyberspace'', ''cybercrime'', ''email'', and ''e-commerce''. In contrast, "offline" can refer to either computing activities performed while disconnected from the Internet, or alternatives to Internet activities (such as shopping in brick-and-mortar stores). The term "offline" is sometimes used interchangeably with ...
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Peer-to-peer
Peer-to-peer (P2P) computing or networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the network, forming a peer-to-peer network of Node (networking), nodes. In addition, a personal area network (PAN) is also in nature a type of Decentralized computing, decentralized peer-to-peer network typically between two devices. Peers make a portion of their resources, such as processing power, disk storage, or network bandwidth, directly available to other network participants, without the need for central coordination by servers or stable hosts. Peers are both suppliers and consumers of resources, in contrast to the traditional client–server model in which the consumption and supply of resources are divided. While P2P systems had previously been used in many application domains, the architecture was popularized by the Internet file sharing system Napster, originally released in ...
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Companies Based In Sydney
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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Collaborative Consumption
Collaborative consumption is the set of those resource circulation systems in which consumers both "obtain" and "provide", temporarily or permanently, valuable resources or service (economics), services through direct interaction with other consumers or through a mediator. It is sometimes paired with the concept of the "sharing economy". Collaborative consumption is not new; it has always existed (e.g. in the form of flea markets, swap meets, garage sales, car boot sales, and second-hand shops). In 2011, collaborative consumption was named one of ''Time (magazine), Time'' magazine's 10 ideas that will change the world. Definition The first detailed explanation of collaborative consumption in the modern era was in a paper from Marcus Felson and Joe L. Spaeth in 1978. It has regained a new impetus through information technology, especially Web 2.0, mobile technology, and social media. A June 2018 study, using bibliometrics and network theory, network analysis, analyzed the evol ...
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Carpooling
Carpooling is the sharing of car A car, or an automobile, is a motor vehicle with wheels. Most definitions of cars state that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people rather than cargo. There are around one billio ... journeys so that more than one person travels in a car, and prevents the need for others to have to drive to a location themselves. Carpooling is considered a Demand-Responsive Transport (DRT) service. By having more people using one vehicle, carpooling reduces each person's travel costs such as: Gasoline and diesel usage and pricing, fuel costs, toll road, tolls, and the stress of driving. Carpooling is also a more environmentally friendly and sustainable way to travel as sharing journeys reduces air pollution, carbon emissions, traffic congestion on the roads, and the need for parking spaces. Authorities often encourage carpooling, especially during periods of high pollution or high fuel price ...
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Carsharing
Carsharing or car sharing (AU, NZ, CA, TH, & US) or car clubs (UK) is a model of car rental where people rent cars for short periods of time, often by the hour. It differs from traditional car rental in that the owners of the cars are often private individuals themselves, and the car sharing facilitator is generally distinct from the car owner. Car sharing is part of a larger trend of shared mobility. Car sharing enables an occasional use of a vehicle or access to different brands of vehicles. The renting organization may be a commercial business. Users can also organize as a company, public agency, cooperative, or ''ad hoc'' grouping. The network of cars on the network becomes available to the users through a variety of means, ranging from the simplicity of using an app to unlock the car in real time, to meeting the owner of the car in order to exchange keys. As of January 2020 the world's top city for car sharing is Carsharing in Moscow, Moscow with more than 30,000 vehicles. ...
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Car Rental
A car rental, hire car or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks. It is often organized with numerous local branches (which allow a user to return a vehicle to a different location), and primarily located near airports or busy city areas and often complemented by a website allowing online reservations. Car rental agencies primarily serve people who require a temporary vehicle, for example, those who do not own their own car, travelers who are out of town, or owners of damaged or destroyed vehicles who are awaiting repair or insurance compensation. Car rental agencies may also serve the self- moving industry needs, by renting vans or trucks, and in certain markets, other types of vehicles such as motorcycles or scooters may also be offered. Alongside the basic rental of a vehicle, car rental agencies typically also offer extra products such as insurance, global positionin ...
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Alternatives To Car Use
Established alternatives to car use include cycling, walking, kick scooters, rollerblading, skateboarding, twikes and (electric or internal combustion) motorcycles. Other alternatives are public transport vehicles ( buses, guided buses, trolleybuses, trains, subways, monorails, tramways). History Prior to the popularity of car use which dominated motorised transport (and consequently urban planning) from around the 1950s onwards, several transportation modes were used. Pedestrianism for both short and long distances was used, but also travel by horse especially for long distances. Trams, especially powered trams, achieved widespread popularity in the 19th century. Carriages, used for centuries, are still used but mainly for tourism. Public transport The public transport with the highest modal share worldwide is travelling by bus followed by travelling by rail due to infrastructure cost. A pedestrian form of public transport is a walking bus predominantly used by s ...
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