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
Newcastle usually refers to:
*Newcastle upon Tyne, a city and metropolitan borough in Tyne and Wear, England, United Kingdom
*Newcastle-under-Lyme, a town in Staffordshire, England, United Kingdom
*Newcastle, New South Wales, a metropolitan area ...
.
Caltex Australia (later
Ampol
Ampol Limited is an Australian petroleum company headquartered in Sydney, New South Wales. Ampol is the largest transport energy distributor and retailer in Australia, with more than 1,800 Ampol-branded service stations across the country . Amp ...
) invested in the company in 2016. Ampol sold its 17.2% interest for on 24 December 2021.
Hyundai
Hyundai is a former South Korean industrial conglomerate ("''chaebol''"), which was restructured into the following groups:
* Hyundai Group, parts of the former conglomerate which have not been divested
** Hyundai Asan, a real estate construction ...
invested in the company in 2019, and listed a number of its electric
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 li ...
vehicles for sharing through the platform.
On 20 January 2022, the company was acquired by
Uber
Uber Technologies, Inc. is an American multinational transportation company that provides Ridesharing company, ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, a ...
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 that Uber Carshare would cease operations in the following month citing rising costs and 'operational challenges'.
[
]
See also
*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, t ...
*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 t ...
*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 pri ...
*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 ...
*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 con ...
References
External links
*
{{Vehicle rental brands
Carsharing
Companies based in Sydney
Peer-to-peer
Online marketplaces of Australia
Online automotive companies
Uber acquisitions
2022 mergers and acquisitions
Shark Tank