Uber forays further into Australia with Car Next Door acquisition

Uber forays further into Australia with Car Next Door acquisition

by Pranali Mehta

Uber Technologies, Inc., the American mobility as a service provider, has reportedly announced that it has acquired Car Next Door, a Sydney based startup, for an unknown amount.

Car Next Door, launched 2012, is a car-sharing service that provides renters with quick access to cars while also generating income for vehicle owners, making it considerably easy to spin any car into a rented vehicle. The service is available throughout Australia, with cars listed in Brisbane, Sydney, Launceston, Melbourne, Cairns, Gold Coast, Perth, Adelaide, Canberra, Hobart, and Newcastle.

Uber aims to provide Australians with a simple, cost-effective, as well as a useful alternative to private car ownership. The American transport firm wants to strengthen its ability to do this by introducing Car Next Door to Uber's portfolio of products, offering Uber riders a dependable option for journeys that are not well-suited for rideshare, like sunning errands at the retail local store or taking a weekend trip away.

The agreement builds on Uber's continuous investments in micro mobility, EVs, and public transportation in order to reduce dependency on private automobiles and contribute to the creation of a greener, more livable communities.

After the transaction is successfully completed, Car Next Door will report to Uber's Australian division, but will essentially run independently, with its current leadership team focusing on growing and scaling its services in other Australian cities.

According to Will Davies, co-founder and CEO of Car Next Door, the association with Uber is a thrilling opportunity for Car Next Door to get closer to its aim of 'liberating the world and the people from the one person one car mindset' years before it otherwise could have.

Davies further expressed that by partnering with Uber, the Australian startup will be able to scale up its goals and try to move Aussies away from their over-reliance on private cars, which is harming the environment by making the cities less habitable.

Source credit: https://www.uber.com/en-AU/newsroom/carnextdoor/

Pranali Mehta

A chemical engineer by qualification, Pranali Mehta dutifully walked down the slated path and worked in a chemical firm for a year. Her passion for writing however, pushed her into experimenting with the same as a career. With over three years of experience in content writ Read more...