SAN FRANCISCO, March 5, 2012 /PRNewswire/ -- RelayRides (http://www.RelayRides.com), the world's first peer-to-peer car sharing marketplace, is expanding and is now available to car owners and renters nationwide. This makes RelayRides the first and only peer-to-peer car-sharing marketplace available in every neighborhood throughout the U.S. For the first time, the benefits of car sharing are now available outside of densely populated areas with RelayRides' unique model based on neighbors renting out their cars to fellow neighbors, instead of one that requires ownership and maintenance of a car fleet.
RelayRides is enabling drivers to participate in car sharing in the easiest possible way through a new key-exchange program. Key exchange is a simple way for renters and drivers everywhere to quickly begin participating in RelayRides' car-sharing service by simply arranging for owners to give the keys to the renter. The new service allows consumers to enroll instantly and make money from their vehicles or rent a vehicle at some of the lowest prices available in the U.S.
Covered by a $1 million insurance policy and market-leading security safeguards, RelayRides owners can make an average of $250 per month in revenue while providing drivers with access to a vehicle for as little as $5 per hour. Depending on location and availability of the car, owners can make upwards of $7,000 per year. RelayRides is backed by over $13M in venture capital funding from leading investors, including Google Ventures and GM Ventures.
"Since the day we first launched in Boston, we have received thousands of requests to expand into more communities," said RelayRides founder and chief community officer Shelby Clark. "Today, we are thrilled to be able to finally meet this demand. Now that RelayRides' marketplace is available across the nation, every eligible driver can participate in this green, simple and economically sensible answer to the traditional car ownership model."
RelayRides member Curtis Chong has made over $5,300 since enrolling his 2006 Honda Civic in RelayRides about nine months ago. "The last time I checked Kelley Blue Book, my Civic was worth about $4,800," said Chong. "Thanks to RelayRides, I got a free car, and it continues to print cash—plus, I feel great that I'm helping out a neighbor! What's not to like?"
RelayRides pioneered peer-to-peer car sharing when it launched in Boston in June 2010 and expanded into San Francisco later that year. With the addition of the key exchange program, RelayRides is adding a frictionless way for renters and owners to enjoy the benefits of car sharing anywhere in the U.S. The company also recently announced an exclusive relationship that will allow millions of GM vehicle owners to leverage the OnStar system to rent out their idle cars through the RelayRides marketplace, with no additional hardware installation needed.
More information about RelayRides and its service is available at: http://www.RelayRides.com.
JOIN US! And tell your neighbors while you're at it! Click to tweet (http://clicktotweet.com/cfe9F): 1st nationwide #P2P #carsharing marketplace launched by @RelayRides Car owners earn avg of $250/mo, rates start at $5/hr http://bit.ly/aBeqVW
RelayRides is the world's first peer-to-peer car sharing marketplace and the only to expand nationwide. The company connects people who need a car with vehicle owners whose rides would otherwise go unused. RelayRides backs its reservations with a $1 million insurance policy and features proprietary, best-in-class technology for a convenient, secure and smooth exchange. RelayRides has raised more than $13M in venture capital funding from investors including Google Ventures, August Capital, Shasta Ventures and General Motors Ventures. For more information, go to http://www.RelayRides.com.
Mark de la Vina
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