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Highlights
- Uber has further strengthened its market position in the Australian market by acquiring Car Next Door
- Sydney's car-sharing platform Car Next Door will work independently and report to Uber’s Australian team.
- Car Next Door is a peer-to-peer car-sharing network founded in 2012.
The global ridesharing company Uber has strengthened its market position by snapping an Aussie peer-to-peer car-sharing platform.
Expanding its Australian operations, the company announced today that it has acquired Sydney-based car sharing platform Car Next Door, under its mission to give people options to live car-free. The company did not disclose the deal amount.
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Car Next Door will report to Uber's Australian team after the acquisition but will otherwise operate independently, with its current leadership team focusing on growing and scaling its technology in other cities across Australia.
About Car Next Door
Car Next Door is a peer-to-peer car-sharing network founded in 2012 by Will Davies, David Trumbull, and Chloe Iliffe that provides quick access to cars for renters while also generating revenue for car owners.
Will Davies, CEO and co-Founder of Car Next Door, said:
The peer-to-peer car-sharing platform operates with vehicles listed in Sydney, Melbourne, Brisbane, Gold Coast, and other parts of Australia.
Commenting on the development, Dom Taylor, general manager of Uber Australia and New Zealand, said:
Bottomline
The agreement builds on Uber's continued investments in electric vehicles, micromobility, and public transportation to help achieve greener, more livable cities and eliminate over reliance on private automobiles.
