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SEARCHiCarsclub will launch in Singapore with at least 20 cars available for the residents of Singapore looking to save on the cost of owning a car.
iCarsclub, a new peer-to-peer car sharing service, will launch in November in Singapore to ease the cost of owning a car for residents, according to a company announcement on Oct. 2.
Cofounders Jamie Wang and Eddy Zhang designed iCarsclub as an online marketplace for car owners to rent their cars out.
Based on a survey of 92 car owners, Wang and Zhang found that 19% of car owners are willing to rent out their cars when not in use.
iCarsclub is scheduled to launch with at least 20 cars and 100 car renters onboard.
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