South Korea’s car-sharing platform Socar is aiming for a $1.2 billion valuation in an August initial public offering (IPO) on the Korea Composite Stock Price Index (KOSPI), where 4.55 million initial shares will be priced at 34,000-45,000 won, according to media reports on Monday (June...
In a world that’s home to one billion cars that sit unused the majority of the time, the concept of sharing a vehicle only when you need it – versus owning one 100 percent of the time – is catching on. Get the Full Story...
More than 32 million U.S. consumers move every year, with the major moving season ending in September. Consumers who use storage sharing platforms to stash their stuff in unused spaces need to be able to trust the hosts with their belongings, while hosts need to...
General Motors’ car-sharing company Maven has been shut down due to the coronavirus pandemic and other lingering concerns, the company said on Tuesday (April 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
November 06, 2020
In a world that’s home to one billion cars that sit unused the majority of the time, the concept of sharing a vehicle only when you need it – versus owning one 100 percent of the time – is catching on. Get the Full Story Complete the form to unlock this article and enjoy unlimited […]
November 27, 2018
For decades, it stood as a rite of passage for so many consumers: buying one’s first car. However, according to many experts, vehicle ownership has a limited future, given the...
July 23, 2023
Can small-scale rental car entrepreneurs take on giants like Hertz and Avis Budget? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications […]
June 27, 2022
South Korea’s car-sharing platform Socar is aiming for a $1.2 billion valuation in an August initial public offering (IPO) on the Korea Composite Stock Price Index (KOSPI), where 4.55 million...
April 21, 2020
General Motors’ car-sharing company Maven has been shut down due to the coronavirus pandemic and other lingering concerns, the company said on Tuesday (April 21). Get the Full Story Complete...
March 22, 2020
The Getaround car-sharing platform is shopping around for a buyer as the coronavirus pandemic kills demand for its services, Bloomberg reported Friday (March 20), citing sources. Get the Full Story...
