..



.

Business News

Australian peer-to-peer car sharing startup Car Next Door wins national recognition

  • Written by News Feature

Australian sharing economy start-up Car Next Door (www.carnextdoor.com.au) has just been named one of 200 outstanding businesses that have the drive to boost the nation's future as Australia transitions to a services and knowledge-based economy, as part of Westpac’s Businesses of Tomorrow program.

 

The Car Next Door technology and online platform makes it easy and safe for Australians to unlock the idling capacity of their cars. By listing cars for sharing on carnextdoor.com.au, car owners can make money while also helping reduce the number of cars needed in Australian cities.  

 

Operating in Sydney, Melbourne and Brisbane metropolitan areas, Car Next Door has more than 870 cars registered on the platform and over 30,000 screened members signed up to borrow them.


Car Next Door’s capital-raising strategy saw a $2.5 million investment from Caltex and $1.3 million raised from venture capitalists and individual investors in the Series A round. The company is now gearing up for a Series B capital raising round later this year.


“Over the last four years, we’ve proven the strength of our car sharing platform and now we are squarely focused on growth,” said Will Davies, CEO and co-founder of Car Next Door.

 

“Being recognised as a Business of Tomorrow during this pivotal time is a huge win,” he said.


“By 2020, we aim to have turned 10,000 ordinary cars, utes, and vans around Australia into shared vehicles, putting a shared car within five minutes’ walk of everyone living in metro areas.”

 

“We see shared, connected vehicles on demand as the future of personal transport in Australia. We want to bring about a mass ‘de-car-ing’ of Australia’s cities, using technology to enable people to share their idle cars.”

 

David Lindberg, judge and Chief Executive, Westpac Business Bank, said:

 

“Car Next Door has created an innovative solution to address a key customer need - transportation in consideration of the environment, community and the individual. The company’s entrepreneurial mindset to create shared value by connecting people who under-utilise their cars with others who need one, makes them a superb example of a Business of Tomorrow.”

 

About Car Next Door

Launched in 2012, Car Next Door is Australia’s original peer-to-peer car sharing platform. Car Next Door connects car owners wanting to earn money by renting out their idle car for a few hours or a few days with trusted borrowers in their local community.

 

Car Next Door helps people save money; reduces the number of cars in our crowded cities,; and helps build more connected communities.

 

Car Next Door provides an online marketplace with strict membership criteria, an online booking and payment system, insurance and in-vehicle technology to make the transaction safe, fast, and hassle-free for both owners and borrowers.  Any car can become a share car.

 

To date, more than 30,000 borrowers have signed up to access a fleet of convenient and cost-effective cars in their neighbourhood through the Car Next Door platform. In 2017, the car-sharing network is set to expand its car-sharing network rapidly. Visit www.carnextdoor.com.au

 

About The Westpac Businesses of Tomorrow Program

The Westpac Businesses of Tomorrow program recognises and supports great Australian businesses today, with a clear vision for tomorrow. The program was announced in April 2016 to help businesses, big and small, transition and grow in a changing economy.


The Westpac Businesses of Tomorrow program had an incredible response from Australian
businesses, receiving close to 2000 applications. This demonstrates the overwhelmingly positive response from the business community.


The Businesses of Tomorrow were chosen on their potential to shape Australia’s future.

 

Each selected business demonstrated the following qualities to an exceptional degree:


- A track record of delivery
- Clarity of purpose and vision
- Outstanding value to customers
- Capability to meet tomorrow’s challenges
- Adaptability and resilience
- Contribute beyond the business to the community, industry or the economy

Digital Agency

Business Daily Media Business Development

EXODUS TRAVELS UNVEILS THE MOUNTAIN LIONESS SCHOLARSHIP

Exodus Travels continues to grow its commitment to female porters within the Mt Kilimanjaro region.  Global Adventure Travel company Exodus Travels has today announced The Mountain Lio...

Erin Sing - avatar Erin Sing

Accor and Visa form global partnership

Accor, a world-leading hospitality group, and Visa (V: NYSE), the global leader in digital payments, yesterday (the 18th of February) announced a global partnership to bring new payment expe...

Media Release - avatar Media Release

Cruise Guru Celebrates CLIA Award Win with Offer for Australian Travellers

Leading Australian cruise agency, Cruise Guru, has been named ‘2019 Online Cruise Agency of the Year’ at the 19th Annual Cruise Industry Awards hosted by Cruise Lines International Associati...

Rhea D'souza - avatar Rhea D'souza

Exciting Things About Sydney

Sydney is one of Australia’s largest cities that boasts a population of over 4 million people. It is a city that is famous for its picturesque views, multicultural people, superb weather, ...

News Company - avatar News Company

Accor announces new partnership with Grab to help members Live Limitless

Accor has announced a new strategic partnership between its new lifestyle loyalty programme, ALL - Accor Live Limitless and South East Asia’s leading super app, Grab. The deal brings toget...

Accor Pacific - avatar Accor Pacific

Upgrading to Deep Pocket Sheets

So, you have this amazingly comfortable bed that has a built-in topper and you are struggling to find the right bedding. You need to look for a sheet called deep pocket sheets or mega fi...

News Company - avatar News Company

Business Daily Media Business Reports

8 TIPS TO MAKE OLD CLOTHES FASHIONABLE

You can change your old clothes and upgrade your wardrobe at a low price by using simple techniques. There are numerous videos on the internet that provide great tips t...

News Company - avatar News Company

Di Jones real estate recognises high achievers

Di Jones celebrated its outstanding performers on Saturday (24 February 2018) evening at the Di Jones Real Estate Annual Awards.                               The bla...

Helen Hull - avatar Helen Hull

Eclipse Travel Expands Operations to New Zealand

Eclipse Travel, specialists in key adventure destinations such as Antarctica, the Arctic, Africa and Latin America, have announced today their expansion of operations to ...

Yvonne Kong - avatar Yvonne Kong

How medical professionals can benefit from an overall wealth management solution

As a health care professional, you have made it your life's work to focus on the care and health of the general public. While this kind of work can be extremely rewarding...

News Feature Team - avatar News Feature Team

Why Pinterest Should Be Part of Your Marketing Strategy

Pinterest is a growing social media platform that can deliver significant traffic to your website and new followers to your brand. With it’s steady growth and outrageous ...

Greg Nunan - avatar Greg Nunan

The top reasons why gyms fail

Steve Grant is a Business Coach and Founder of GymHub.com.au   Every month thousands of new trainers walk out of their 6-month course with the qualifications needed ...

Steve Grant - avatar Steve Grant

WHITE LABEL NOBA’s Winter 2016 season: Earth + Country

Taking cues from the warm winter colours of tobacco and caramel, and combining them with the strength of navy and the embracing lightness of whites and creams; and then...

Kath Rose - avatar Kath Rose

Former Etihad boss brings substantial event insight to PMY Group Board

Paul Sergeant PMY Group, the architects of the digital insurgency occurring at major venues across Australia and New Zealand, are delighted to welcome 35 year even...

Annie Konieczny - avatar Annie Konieczny



News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion