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

  • Shohoz receives $15m fund to expand ride-sharing in Bangladesh
    September 28, 2018
    Ride-sharing company Shohoz will use a $15m investment from venture capital firm Golden Gates Ventures to expand its on-demand service in Bangladesh. A report by the Dhaka Tribune says the company is now launching its ‘super-app’ strategy which will add food deliveries to its current offering. Maliha M Quadir, Shohoz founder and managing director, says: “To help Shohoz finance this growth, we have brought on board a great line-up of experienced international and regional investors, who I think will help
    Read More
  • Associations News from around the world
    December 4, 2012
    The world’s ITS Associations participated in the ITS World Congress in Vienna, including: New Zealand, which stressed the need for future proof ITS solutions; the Netherlands; Australia called for greater ITS content in road safety strategy; ITS South Africa discussed new strategic opportunities in the country; ITS Nigeria took advantage of the World Congress to stage its global launch; UK ITS professionals were congratulated on their achievements during the Olympic Games by ITS UK; ITS Canada co-hosted a w
    Read More
  • Register now for 2nd European SUMP Conference
    May 22, 2015
    The second European Conference on Sustainable Urban Mobility Plans (SUMP) takes place in Bucharest, Romania, at Politehnica University of Bucharest on 16 and 27 June 12015. It is the principal annual event for the international community of practitioners, policy makers and academics from across Europe to come together to debate key issues, highlight developments in mobility planning and exchange ideas and experience. Under the overall theme of the conference, ‘Sustainable mobility for everyone’, nine
    Read More
  • ATRI seeks input on truck platooning
    November 25, 2014
    Working in collaboration with two FHWA-sponsored project teams, the American Transportation Research Institute (ATRI) is conducting research to explore trucking industry perspectives on the use of automated truck platooning, also known as Driver Assistive Truck Platooning. This concept is based on a system that controls inter-vehicle spacing based on information from forward-looking radars and direct vehicle-to-vehicle communications. Braking and other operational data is constantly exchanged between th
    Read More

Highlighted Content