Riders Share (RidersShare, Inc.) is a peer-to-peer
motorcycle sharing community based in Austin, Texas.
The company matches underused motorcycles with vetted riders that want to rent them. Riders Share uses
machine learning to screen riders, supplies owners with insurance policies, and offers roadside assistance to their renters.
As of 2021, Riders Share has a community of 80,000 registered users and over 15,000 members have rented their motorcycles on the platform.
They carry a large selection of motorcycles including brands like
BMW,
Ducati
Ducati Motor Holding S.p.A. () is the motorcycle-manufacturing division of Italian company Ducati, headquartered in Bologna, Italy. The company is directly owned by Italian automotive manufacturer Lamborghini, whose German parent company is Au ...
,
Harley-Davidson,
Indian Motorcycle
Indian Motorcycle (or ''Indian'') is an American brand of motorcycles owned and produced by American automotive manufacturer Polaris Inc.[Can-Am
The Canadian-American Challenge Cup, or Can-Am, was an Sports Car Club of America, SCCA/Canadian Auto Sport Clubs, CASC sports car racing series from 1966 to 1987.
History
Can-Am started out as a race series for group 7 sports racers with two r ...]
.
Their mission is to make motorcycles affordable by creating extra income for people who want to rent their bikes and by helping more than 20 million ex-riders in the United States get back on the road.
History
In 2018, Guillermo Cornejo, CEO, launched Riders Share in
Los Angeles, California.
The peer-to-peer company is similar to online marketplaces like
Airbnb and
Turo.
In 2020,The company moved its headquarters to
Austin
Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most-populous city ...
, Texas.
Riders Share raised 2 million dollars with LiveOak Venture Partners as the lead investor.
Previously, the company raised $970,000 from Texas HALO Fund, Edgebrook Partners,
Techstars, and private investors.
In 2021, Riders Share launched their membership service Rider Pass. Riders can purchase an annual membership to receive discounts on their rentals.
Insurance
Riders Share runs its own insurance company that uses machine learning to identify the cost of insuring individual rentals.
The company partners with insurance company
Lloyd's of London to offer liability coverage to riders.
References
{{reflist
Motorcycles
Companies based in Austin, Texas
Peer-to-peer
Social planning websites
American companies established in 2018
Online marketplaces of the United States
Hospitality companies established in 2018
Hospitality services
Transport companies established in 2018
Vacation rental