Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Kiwi tech start-up Transfercar revs up the US rental car industry
Posted on 18-Nov-2014 18:14. | Tags Filed under: News.

It’s not often that you hear of the successful launch of an American start-up whose headquarters are not based in San Francisco but on our very own K’road in Auckland. That’s the story of Transfercar, a Kiwi tech company that specialises in free rental cars. If you’re thinking  “Free rental cars - how can this be possible?’’ you’re not alone.

Rental car companies need to position their fleet for new hires and have to spend large amounts of money on relocating cars using truck or rail haulage. Pascal Languillon, Transfercar’s Chief Marketing Officer, says the founders of Transfercar thought that there had to be a better way to solve this problem:

“We’ve created a website that connects rental car companies needing to transfer their cars with travellers eager to drive them in exchange for a free trip,” he says. “This model provides a win-win solution where travellers get a free one-way car or campervan hire while rental companies save big money on relocation costs.’’ How does Transfercar make money? It gets a small fee from rental operators for each successful transfer.

The concept for Transfercar was hatched in 2007 by Espen Grimstad, at that time a student at Auckland University Business School, and his lecturer Brian Karlson. Since then, the business has created a new market in NZ, successfully contended against a handful of competitors in Australia and recently gained ‘first mover’ advantage in the US market.

Earlier this year, Transfercar raised $450,000 private investment from US entrepreneur Dennis Round to fund their expansion into the US market. Since its launch in August, the concept is winning fans in America with Transfercar having recently been featured in popular websites and and gaining ground with domestic US roadtrippers.

The company is planning to consolidate the US market and then look at other opportunities globally.


More information:

comments powered by Disqus

Trending now »

Hot discussions in our forums right now:

Gigabit cable now available
Created by sub, last reply by Hammerer on 22-Oct-2016 15:37 (52 replies)
Pages... 2 3 4

Sony XZ Owners discussion
Created by networkn, last reply by Geektastic on 22-Oct-2016 15:57 (76 replies)
Pages... 4 5 6

Who is this women? She is possibly the most famous women on the internet and nobody knows who she is.
Created by jimbob79, last reply by cynnicallemon on 20-Oct-2016 13:28 (14 replies)

Labour weekend plans?
Created by DarthKermit, last reply by joker97 on 22-Oct-2016 09:51 (27 replies)
Pages... 2

Is windows 10 anniversary update causing you problems
Created by robjg63, last reply by mdav056 on 20-Oct-2016 14:01 (27 replies)
Pages... 2

Don't worry about drugs. Helium possession is what will get you busted!
Created by Rikkitic, last reply by Rikkitic on 19-Oct-2016 11:11 (27 replies)
Pages... 2

Staying charged in USA and Canada?
Created by kiwifidget, last reply by sbiddle on 21-Oct-2016 19:36 (12 replies)

Does anyone use Ebay?
Created by TeaLeaf, last reply by Dingbatt on 22-Oct-2016 16:19 (11 replies)