A FlightCar manager escorts a customer to a car at its LAX location. Photo credit: FlightCar
FlightCar, a peer-to-peer car-sharing company that operates at airports, has released its first-year results after launching February 2013 in San Francisco, then later in Boston and Los Angeles.
In just one year, more than 15,000 members have shared 1.2 million miles with each other and have saved money in car-related travel expenses. In its first year, FlightCar estimates members saved more than $1.4 million in rental fees when using the company’s peer-to-peer car sharing service over conventional car rental services, says the company. Members parking with FlightCar saw a combined savings of about $750,000 in airport parking fees.
FlightCar had over 4,000 cars listed for availability in its first year, spanning over 250 different makes and models, says the company.
“We’ve had several humbling moments during our first year as entrepreneurs in the sharing economy, and as we look back on our accomplishments, we are grateful to have helped so many find a less expensive and more eco-friendly way to rent cars when traveling,” said Rujul Zaparde, co-founder and CEO of FlightCar. “We’re also finding that our peer-to-peer car service is helping connect members who have share trusting neighborly values that you just don’t experience when renting a car outside the sharing economy.”
According to Frost & Sullivan, car-sharing revenues in North America alone will hit $3.3 billion by 2016. FlightCar’s growth has been driven by letting people park for free near the airport and renting out their car to approved travelers who are offered low car rental rates, free GPS, car seats and liability insurance up to $1 million, says the company.
FlightCar's rates vary depending on the year and model. For more information, visit www.flightcar.com.