South Korea’s car-sharing platform Socar is aiming for a $1.2 billion valuation in an August initial public offering (IPO) on the Korea Composite Stock Price Index (KOSPI), where 4.55 million initial shares will be priced at 34,000-45,000 won, according to media reports on Monday (June...
In a world that’s home to one billion cars that sit unused the majority of the time, the concept of sharing a vehicle only when you need it – versus owning one 100 percent of the time – is catching on. As has been the...
More than 32 million U.S. consumers move every year, with the major moving season ending in September. Consumers who use storage sharing platforms to stash their stuff in unused spaces need to be able to trust the hosts with their belongings, while hosts need to...
General Motors’ car-sharing company Maven has been shut down due to the coronavirus pandemic and other lingering concerns, the company said on Tuesday (April 21). “After critically looking at our business, the industry and what’s going on with COVID-19, we have made the tough but...
November 06, 2020
In a world that’s home to one billion cars that sit unused the majority of the time, the concept of sharing a vehicle only when you need it – versus owning one 100 percent of the time – is catching on. As has been the case in many industries, sweeping lifestyle changes brought on by […]
November 27, 2018
For decades, it stood as a rite of passage for so many consumers: buying one’s first car. However, according to many experts, vehicle ownership has a limited future, given the...
July 23, 2023
Can small-scale rental car entrepreneurs take on giants like Hertz and Avis Budget? That’s what a group of these do-it-yourselfers aim to do, according to a report Saturday (July 22) by the Wall Street Journal (WSJ). According to the report, these businesses are putting together vehicle fleets to rent out via car-sharing companies like Turo and Getaround. However, their efforts […]
June 27, 2022
South Korea’s car-sharing platform Socar is aiming for a $1.2 billion valuation in an August initial public offering (IPO) on the Korea Composite Stock Price Index (KOSPI), where 4.55 million...
April 21, 2020
General Motors’ car-sharing company Maven has been shut down due to the coronavirus pandemic and other lingering concerns, the company said on Tuesday (April 21). “After critically looking at our...
March 22, 2020
The Getaround car-sharing platform is shopping around for a buyer as the coronavirus pandemic kills demand for its services, Bloomberg reported Friday (March 20), citing sources. The Softbank-backed startup had...
