Uber Carshare
Australian carsharing company
From Wikipedia, the free encyclopedia
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]
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Transportation |
| Founded | 2012, in Sydney, NSW, Australia |
| Founder | Will Davies, David Trumbull, and Chloe Iliffe |
| Defunct | 12 September 2024 |
| Fate | Operational difficulties relating to insurance and theft risk. |
| Headquarters | Sydney, NSW, Australia |
Area served | Sydney, Melbourne, Brisbane, Perth, Adelaide, Tasmania, Canberra, Gold Coast, Sunshine Coast, Newcastle |
Key people | Will Davies (Founder & CEO) & , Dave Trumbull (Founder & CTO), Chloe Iliffe (Founder), Merryn Clancy (COO) |
| Services | Peer-to-peer carsharing |
| Parent | Uber |
| Website | www |
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]