Car share platform that allows for departing passengers at airports to rent their cars out to incoming passengers at that airport. The value to the car owner is that they can avoid expensive car parking fees at the airport and make money. The value for car renters is they get to choose from a variety of options for a lower base price as compared to traditional rentals with significantly lower associated rental fees. The serviceable market in the United States $23B for airport rentals. Car sharing has proved to be successful and growing in the neighborhood car rental model.
Solidifying the idea, operations structure, cost structure, and business model.
Preparing to network with angel investors and pitch.
$23 B airport car rental in the United States.
Problem or Opportunity
Airport parking is expensive and more than 2.5M cars sit idle in parking lots at some of the larger airports.
Additionally, for those looking to rent cars, price is an important consideration. Traditional rental cars can become pricey with extra fees and ragged on top of the base price.
Solution (product or service)
Develop a platform that allows for peer to peer car sharing in an airport centric setting. It allows for car owners to rent their cars out while they travel thus saving money on parking and making a commission off the rentals. The renters are able to save money on their rentals with competitive base pricing without the plethora of fees associated with traditional rentals.
Traditional rental cars
Advantages or differentiators
The biggest advantage against the traditional rental car operators is that since InfinityCar won’t its own fleet of cars, there will be no costs associated with purchase and maintenance and no ownership of a large base of depreciating asset. Additionally there’ll be no need to own large labor force for fleet maintenance and facility management.
The differentiators against other car sharing models like turo and getaround would be that InfinityCar operates in an airport setting and not a neighborhood setting and allows for daily and hourly rentals.
The differentiators, that affect the customer experience, against Travel Car would be that InfinityCar allows owner driven pricing, daily and hourly rates, and no monthly/annual fees.
Money will be spent on
Developing the web and mobile app
Investing in the commercial auto insurance
Onsite and Customer Service Operations