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%>.

For more information on companies in this article

Related Content

  • CTS extends contactless payments to Sydney's trains
    November 28, 2018
    Cubic Transportation Systems (CTS) is extending Sydney’s contactless payment system beyond light rail and ferries to include the Australian city’s train network. The technology allows commuters to pay for ticketing via credit cards, smart watches and other electronic devices, alongside the Opal card. CTS’s Asia-Pacific team and Transport for New South Wales initially made the contactless system available for the city’s Manly ferry service in 2017. In March this year, the contactless system was ext
    Read More
  • Uber to enter Seattle’s bike-share space
    June 22, 2018
    Uber intends to launch its newly-acquired Jump electric bikes in Seattle, US, in a move which could increase competition among rival firms. The ride-hailing company will decide on whether to apply for a permit once regulations have been mapped out by the Seattle Department of Transportation (SDoT). SDoT is finalising a permit programme for bike-share operators and plans to present a proposal to the city council next month. A report by the Seattle Times says three bike-share companies operate in the city
    Read More
  • Terrorists could use driverless cars to mount attacks, researchers warn
    February 22, 2018
    UK Researchers in Oxford and Cambridge have echoed concerns raised by ITS International two years ago about terrorists who could use autonomous cars to carry out attacks – in a report by The Telegraph. The 26 experts including those from Oxford’s Future of Humanity Institute, Cambridge’s Centre For the Study of Existential Risk and OpenAI warned that terrorists could exploit the risks in artificial intelligence (AI) to carry out driverless car crashes and cyber attacks. They added that AI is being rapid
    Read More
  • ITS Asia Pacific Forum 2020: entry reminder
    August 30, 2019
    The ITS Asia Pacific (AP) Forum 2020 is accepting entries on the theme of ‘ITS Innovation Creating Liveable Communities’ until 6 September. The programme committee invites submissions for consideration as either scientific, technical or commercial papers. They are also accepting entries for special interest sessions. Additionally, AP 2020 has opened the Future Leaders Programme to recent graduates under 30 years old, allowing them to develop skills they need for academic and professional careers.
    Read More

Highlighted Content