for 9.14% equity
Only 4% of all vehicles are in use at any one time - meaning 96% are sitting idle.
Fleet's licensed application is a major step towards fundamental industry change - by repurposing idle vehicles on motor forecourts & adding new revenues to traditional sales.
Having begun as a peer-to-peer "AirBnb for cars" platform, Fleet identified this hugely promising pivot to create industry-disrupting software for motor dealers.
A 2019 McKinsey & Co report validates this vision, finding Motor Dealers will need "drastic business model changes" into mobility services to stay afloat.
Fleet's apps allow dealers to offer short-term (daily) car hire and long-term (monthly) car subscriptions - without the headache of taking on massive insurance premiums or making seismic changes to their existing business model.
We've joined forces with some of the biggest names in motoring to develop the software, perfect the product, and launched our 1st licensed app Toyota Daily Rental™ in 2019.