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

  • Assocations news worldwide
    May 13, 2016
    ITS America 2016 promises to be anything but ‘business-as-usual’ as its new president and CEO, Regina Hopper, aims to broaden the scope and discussions at the event, billed as “A New Show Representing This Transformative Moment in Intelligent Transportation.” Signifying the changes, this year’s event is in San Jose at the heart of Silicon Valley and has adopted the theme “Integrated Mobility. Transportation Redefined.”
    Read More
  • Used EV batteries to transform stationary storage
    August 26, 2016
    According to a report (link http://about.bnef.com/landing-pages/new-life-used-ev-batteries-stationary-storage/.) by Bloomberg New Energy Finance (BNEF), the electric vehicle market is set to grow quickly, but so far there has been no consensus on a ‘second-life’ for the many used EV batteries. In this report, senior analyst Claire Curry has compiled the first data and shows that low-cost energy storage could be here sooner than previously thought. She projects that there will be 29 GWh of used EV batter
    Read More
  • Bird establishes board to help increase safety for e-scooter riders
    August 14, 2018
    US electric mobility company Bird has formed a global safety advisory board to implement campaigns and products to improve the safety for riders using electric scooters. The board will also seek to improve the safety of pedestrians and cyclists who share space with riders using low-speed e-scooters. Additionally, Bird intends to carry on working with cities through its Save Our Sidewalks pledge to boost rider safety and improve the quality of bikes lanes. The scope of the work includes repainting an
    Read More
  • Zero-emission transport at centre of Democrat ‘Green New Deal’
    February 13, 2019
    Clean and affordable transportation and zero-emission vehicle infrastructure are at the heart of the US Democrats’ ‘Green New Deal’ package. The proposals seek to move the US away from fossil fuels and other sources of emissions that cause global warming within the next decade. The package says these goals can be reached by reached by a ten-year “national mobilisation” which include an overhaul in transportation systems to eliminate pollution and greenhouse as much as technologically feasible, repai
    Read More

Highlighted Content