RelayRides CEO, Andre Haddad, has big news–RelayRides has gotten bigger with the acquisition of peer-to-peer car sharing marketplace Wheelz
Today, we’re excited to announce the acquisition of Wheelz and the redoubling of our commitment to revolutionizing personal mobility by creating better transportation solutions for people everywhere. This deal combines the RelayRides teams’ expertise building a vibrant, nationwide marketplace with the Wheelz teams’ technical expertise and automotive background—and I am certain that this combination will not only enhance our members’ experience, but it will turbo-charge our growth as a company.
RelayRides is excited to welcome Wheelz’ loyal and passionate users as well as members of its talented team—there is no doubt that their addition will greatly enhance our marketplace. In addition to gaining valuable talent and a committed user-base, RelayRides is acquiring Wheelz’ intellectual property, including its proprietary DriveBox technology. This is a huge win for our members and for our business. Wheelz’ DriveBox technology is going to make renting out, or accessing a reserved vehicle even more convenient and frictionless.
The joining of our two great communities is a perfect match because of our shared vision to revolutionize personal mobility. And I am thrilled to say that we also share the common goal of having a RelayRides car within a 10-minute walk for at least 100 million Americans by the end of 2015.
For renters, this acquisition will mean a wider, better selection of high quality vehicles, more protection options and more convenience. For owners, this acquisition will mean that they will have access to an even larger marketplace of passionate, conscientious renters and unmatched earnings in California, and owners across the country will benefit from easier access to renters thanks to the incorporation of some of Wheelz’ patented technologies into our marketplace.
We’re also confident that renters and owners everywhere will find that having more happy people and more great cars in a car sharing marketplace is also just going to be a lot more fun!
In fact, with your help, we’re already well on our way toward that dream. Since we launched nationwide in 2012, our marketplace has grown rapidly to serve tens of thousands of members using several thousand cars in more than 1,500 cities in all 50 states. Plus, rental reservation volume has increased 500 percent, and active vehicle listings have grown 530 percent to include more than 500 unique makes and models of cars and trucks. What this means to us is that our marketplace is thriving and we are continuing to provide the benefits of peer-to-peer car sharing to more Americans every month.
So, if you’re a returning member of the RelayRides community or one of our new friends from Wheelz, thank you again and we hope you rent a car or share your own vehicle this weekend. And if this is your first time joining us, take a few minutes to learn more about us and sign up today.