Monthly Archives: April 2018

Cars Designed for Ride-Hailing Will Be Either Super Swanky or Really Uncomfortable

Quartz – April 25, 2018

Most cars today are designed for personal ownership. Increasingly, though, they’ll be designed for ride-hailing and car-sharing services, which are growing in popularity. That will affect what the vehicles we see on the road look like. On this front, Beijing-based Didi Chuxing, which defeated Uber in China before going global, looks to be leading the way.

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Car-Sharing Company That Promises Free Rentals Arrives in NYC

Crain’s New York Business – April 25, 2018

A company offering free, short-term rental cars has partnered with a developer as part of its push into the New York City market. WaiveCar’s business model is based on revenue from digital ads that are broadcast from a screen mounted atop electric cars. Income generated by the mini billboards is supposed to pay for buying and maintaining a fleet of vehicles and the electricity needed to power them. The driver, on the other hand, pays nothing for the first few hours and is charged an hourly rate thereafter.

Chicago Startup Bevy Helps People Own Less and Experience More

American Inno – April 23, 2018

Studies also show millennials are into access, not ownership; experiences are often more important than material goods—driven largely by skyrocketing student debt. As millennials gravitate toward experiences, and as the sharing economy makes ownership less of a necessity, a new Chicago startup wants to capitalize on millennials’ growing desire to do more and own less.

Will Uber and Lyft Make ‘Car Cutting’ The New Cord Cutting?

MarketWatch – April 21, 2018

Could owning a car go the way of paying for cable television or having a home phone? If this Uber executive is any indication, the answer is a resounding yes. During a forum for Latin American business leaders, Uber’s CEO for Latin America, George Gordon, remarked that he hasn’t owned a car in nearly a decade. Others have made the same choice. Around 9% of people who sold or traded in a vehicle over the past year decided to forego getting a new car in favor of using services like Uber and Lyft, a poll conducted by Reuters and Ipsos found last May.

Heedless Parking in a Dockless World: How Minneapolis is Looking to Sidestep Problems with Next Gen Bike-Sharing

MinnPost – April 18, 2018

Sometime this August, Minneapolis riders will begin seeing the first evidence of something becoming common in other large American cities: dockless bike sharing. But the city, Nice Ride, the nonprofit that oversees the city’s bike-sharing program, and biking advocates have also been working to head off complaints common in those other cities where dockless bikes have been introduced: bikes run amok.

Uber and Lyft Might Be Taking Over the Streets – But the Ride-Sharing Economy Still Has a Long Way to Go

Business Insider – April 18, 2018

If you live in a US city, car-sharing services like Lyft and Uber might seem omnipresent. However, the ride-sharing economy still has a ways to go, at least according to consumer sentiment. In a recent survey of more than 2,000 US adults, Statista found that 28.5% of people surveyed had booked a ride-sharing service within the past year. But perhaps most surprisingly, of all the shared-transport options available — including public transportation and bike-sharing — nearly 50% of people said they hadn’t used any type of shared mobility service within the past year at all.

Company Aims to Become ‘Amazon of Sharing Economy’ with Blockchain App

CoinTelegraph – April 15, 2018

The Australian company has the goal of becoming the “Amazon of the sharing economy,” enabling users to lease “assets” from a broad range of categories through a single smartphone app. They would be connected to individuals nearby who have items they are willing to share, while rental companies would be able to develop their own “mini” app within ShareRing to reach greater numbers of prospective customers. ShareRing is already exploring deals with big brands, and the latest partnerships will be announced on its website.