Our BLOG

Uber Expands Footprint in Australia with Acquisition of Car Next Door

In a strategic move to further strengthen its presence in the Australian mobility market, Uber announced on January 20, 2022 that it has successfully acquired Car Next Door, a prominent peer-to-peer car-sharing platform. This acquisition reflects Uber’s commitment to offering diverse transportation options and addressing evolving customer needs, making it easier for people in Australia to access reliable and sustainable transportation services.

Read the press release and announcement from Uber.

In summary:

Car Next Door, founded in 2012, has become a trusted name in the car-sharing industry by connecting car owners with renters in a community-driven, eco-friendly model. The platform has garnered a loyal user base, and its inclusion under the Uber umbrella signifies the ride-hailing giant’s dedication to expanding and diversifying its services to meet a wide range of customer preferences.

Key Highlights of the Acquisition:

  • Synergies in Sustainable Mobility: The integration of Car Next Door into Uber’s portfolio reinforces the commitment to promoting sustainable and eco-friendly transportation solutions. By embracing the peer-to-peer car-sharing model, Uber will provide users with a more environmentally conscious choice for their transportation needs.
  • Expanded Offerings: The acquisition enables Uber to offer a more comprehensive suite of services, including ride-sharing, food delivery, and now peer-to-peer car sharing. This diversity of services aligns with Uber’s mission to provide transportation options for every occasion.
  • Enhanced Convenience: Uber users in Australia will soon have access to a broader range of vehicles, from traditional ride-sharing options to locally owned cars, making it easier to find the perfect mode of transportation for their specific needs.
 

Joining Uber Carshare and looking for car-share insurance to cover you for personal use? Get a  quote here.

 

 

 

Any advice provided on this site is general advice only and does not take into account your individual needs, objectives or financial situation. Terms, limits, conditions and exclusions apply. Before making a decision, you should carefully read the Product Disclosure Statement & Financial Services Guide (PDS & FSG), and the Target Market Determination (TMD), which are available at kobainsurance.com.au to help you decide if the product is right for you. If you purchase a policy, KOBA receives a commission, which is a percentage of your premium, and may be entitled to a profit share if certain thresholds are met in agreed periods. Please ask us for more details.