Skip to main content

Maven expands peer-to-peer car-share service

General Motors’ subsidiary Maven is expanding its peer-to-peer car-share option to more US cities. The service – which sees owners renting out their vehicles - is currently available in four urban areas: Ann Arbor, Chicago, Denver and Detroit. But GM says it will now be rolled out in Baltimore, Boston, Jersey City, Los Angeles, San Francisco and Washington, DC by the end of the year. Owners can rent out their GM car, so long as it is registered in 2015 or later, with Maven taking 40% of each rental. Despi
October 30, 2018 Read time: 2 mins
948 General Motors’ subsidiary Maven is expanding its peer-to-peer car-share option to more US cities.


The service – which sees owners renting out their vehicles - is currently available in four urban areas: Ann Arbor, Chicago, Denver and Detroit. But GM says it will now be rolled out in Baltimore, Boston, Jersey City, Los Angeles, San Francisco and Washington, DC by the end of the year.

Owners can rent out their GM car, so long as it is registered in 2015 or later, with Maven taking 40% of each rental. Despite this cut, the company insists that drivers can earn thousands of dollars.

For example, it suggests a Chevrolet Camaro could be hired out at $22.50 per hour and $225 per day. That being the case, owners could make as much as $19,278 per year, assuming it was rented out for 12 weeks, the firm says. GM offers $1m liability insurance.

Maven suggests that owners already “pay more than $8,000 per year on average for costs including depreciation, insurance, maintenance and fuel”.

Maven also has a traditional %$Linker: 2 Internal <?xml version="1.0" encoding="utf-16"?><dictionary /> 4 33749 0 link-external car rental service false /categories/utc/news/maven-simplifies-car-sharing-for-toronto-members-via-app/ false false%> similar to that offered by Avis’ Zipcar or Daimler’s Car2go, as well as Maven Gig, which is aimed at workers in companies such as Uber and Lyft. In addition, GM owns autonomous vehicle technology firm %$Linker: 2 Internal <?xml version="1.0" encoding="utf-16"?><dictionary /> 4 25789 0 link-external Cruise false /categories/location-based-systems/news/gm-to-accelerate-autonomous-development-with-cruise-automation-acquisition/ false false%>.

Related Content

  • November 7, 2018
    Getaround brings car-sharing service to San Diego
    Getaround has expanded its peer-to-peer car-sharing service in San Diego in the US. The service allows car owners to earn money by renting vehicles to people in their neighbourhood. The company says it expects many car owners who subscribe to the service to earn more than £1,000 per month. Each car is equipped with Getaround Connect, a proprietary technology which allows renters to locate and unlock the vehicle by using the company’s app. James Correa, the firm’s general manager of Southern Califor
  • July 9, 2019
    Grab secures $300m to expand presence in South-east Asia
    Grab has received $300 million to further accelerate its expansion in South-east Asia. Justin Leverenz, senior portfolio manager at Invesco – the company which has put up the cash - says the investment will support Grab in its “bringing more everyday services, greater accessibility and convenience to users in South-east Asia”. Earlier this year, Grab began working with property developer Sinar Mas Land to deploy electric scooters in Indonesia and to help strengthen BSD (Bumi Serpong Damai) city’s posi
  • December 5, 2018
    Columbus, Ohio is named Smart Cities Dive’s city of 2018
    Columbus, Ohio has been named City of the Year in the Smart Cities Dive website’s awards for its work on transit and electrification. The US city won the US Department of Transportation’s inaugural Smart City Challenge two years ago – and is rolling out a variety of smart city-related programmes. Smart Cities Dive said the city’s “biggest area of progress this year” has been its increased reliance on electric vehicles (EVs), including in its bus fleet and other government vehicles. City authoritie
  • October 2, 2019
    Lyft updates app to boost two-wheeled travel
    Lyft is tweaking its app in a bid to make it easier for users to switch between different modes of travel - including scooters, bikes, public transit and car rentals. The ride-share firm has added shared bikes and scooters to its app over the past year and says more people are opting for its ‘greenest ride options’. The app displays mobility options in a city and Lyft says it helps users find the safest routes for bikes and scooters. The app will also allow users to compare the time and cost acro