The idea behind car rental services has been around for a while.
Car rentals, like Uber, Lyft, and Airbnb, are primarily used for short stays or short trips and typically do not pay the standard rate.
But in the past few years, car rental companies have been offering car rentals for a more regular rate of $50 to $100 per night, which has led to an explosion in demand.
In fact, Uber is planning to offer car rentals as much as $1,000 per person per night in 2017, a figure that would be roughly $500 per capita by 2021.
Now, CarRental is looking to capitalize on this demand by launching a new car-rental service in America.
The service, called CarRent, will offer a one-week rental rate of as little as $500, with all fees paid via an online payment platform.
This makes it one of the first car rental businesses to launch in the United States.
While the initial launch was planned for the first quarter of 2017, it was announced earlier this month.
The startup was founded by a pair of ex-Uber engineers and former Apple employees and has received a $150,000 seed round from investors like Andreessen Horowitz, Biz Stone Ventures, and T. Rowe Price.
“In our world of car sharing and car rentals, it’s been really important for us to be able to provide a service that’s a little bit more flexible than Uber, and we feel that our customers are going to be satisfied by having a slightly more regular service,” said CarRenter co-founder and CEO, Rob Furlong.
“There’s no denying that people are getting into cars for short rides and things like that, but for the average person it’s a lot easier to get a car.”
In a nutshell, Car Rental will be a rental service that will be more like Uber or Lyft than Uber or Airbnb.
There will be no charge for a car rental trip and you will be able access your own car at the end of the trip, rather than having to ask someone else to drive you around.
However, there are some significant changes that will make Car Rent a lot more affordable.
For one, the company is taking the risk out of the equation by taking on all the risk and expense associated with renting a car.
For instance, if you do not have a car, you will not be able get a ride back to your house, which is important for many people.
Secondly, Car Rent will not require a monthly payment, and it will be fully insured.
The car rental company also promises to have a zero-rated car that will arrive within two business days of your reservation, and the car will be ready to go within one week.
Car Rent is also expected to have more flexible payment options, including payment by credit card, pay-per-ride and prepaid cards.
While this may seem like a small change, it will give Car Renter an advantage in attracting users and building the network it needs to succeed in the long run.
While there are currently three car rental startups in the U.S., it is not clear whether this will be the case in the future.
“Car Rent is an ambitious start, but we have no plans to go anywhere,” Furlings said.
“We’re very confident that this business model is a great fit for us.”
You can read more about CarRrent in Business Insider’s article.