Posts Tagged ‘RelayRides’

Eco-Entrepreneurs – A New Concept in Car Rentals

There are lots of young eco-entrepreneurs who are starting all sorts of creative services, companies, and apps designed to help build the new sharing economy and benefit the environment at the same time.  One of these companies is Turo (Formerly RelayRides), the nation’s largest peer-to-peer car rental marketplace, a new concept in car rental.  Basically, car sharing is a way to efficiently connect people who need a car with owners whose vehicle would otherwise go unused, backing each reservation with a $1M insurance policy.   Did you know that the average car sits unused for twenty-three hours a day, which raises the question: how many rental cars actually need to be on the road?   The infographic below highlights interesting facts behind the environmental impacts of car sharing.

According to Turo, “car owners can turn their idle cars into cash-generating rental car businesses and make extra money to offset their car expenses. On the other side, renters get to rent unique cars (Porsche, anybody?) that would otherwise sit idle and go unused. That means we’re not only maximizing the utilization of expensive resources, but also saving money on all the costs associated with owning a car.”

Eco-entrepreneurs are thinking outside the box.  Are you?

For more green living tips, visit greenwithbetsy.com.