Car sharing network Car Next Door will rebrand next month ahead of a roll out in the US next year under its new owner, Uber The decade-old business was acquired by the US tech giant for an undisclosed sum in January this year and the idea will now launch in the US in mid-2023 as… Read more »
Australian startup Car Next Door has sold to the US tech giant Uber after a decade in business. The price of the acquisition was not disclosed The peer-to-peer car rental platform first launched in Sydney in 2012 and now operates in all capital cities except Darwin, as well as the Gold Coast, Cairns,Launceston, and Newcastle.… Read more »
Welcome to Tuesday. Here’s what we’ve spotted 1. Amazon VP resigns over company’s treatment of workers As exit interviews go, engineer Tim Bray’s observations on company culture and he resigned from Amazon last week are a doozy. The Canadian vice-president of Amazon Web Services and respected engineer resigned his US$1m+ job after five years and… Read more »
Car Next Door co-founder and CEO Will Davies Automotive giant Hyundai has doubled down on its support for vehicle -sharing marketplace Car Next Door, which lets people rent out the cars, investing another $6.2m in the venture in the hope that more people will buy more of the South Korean manufacturer’s products to rent out.… Read more »
The old adage that it’s not what you know but who you know may be a cliché, but like many a cliché it’s grounded in truth – particularly for Startups, where the power of relationships and networks can be key to winning a key client, brokering a partnership, or raising funding. So it was for… Read more »
Peer-to-peer car sharing network Car Next Door has closed a $5 million Series B round, with the round comprising investment from existing backers Caltex and Investible and a portion raised through equity crowdfunding platform Equitise.
Having raised $2.3 million from investors including existing backers Caltex and Investible, car sharing startup Car Next Door is opening up the rest of its Series B round to users, taking to crowdfunding platform Equitise to raise a minimum of $500,000.