Uber Carshare was an Australian company that facilitatedpeer-to-peer car rental, a system by which individuals may rent privately owned vehicles[1][2] on an hourly or daily basis to other registered users of the service.[3][4][5]
Caltex Australia (laterAmpol) investedA$2.5 million in the company in 2016.[10] Ampol sold its 17.2% interest forA$16.7 million on 24 December 2021.[11]
Hyundai invested in the company in 2019,[12] and listed a number of its electricIoniq vehicles for sharing through the platform.
On 20 January 2022, the company was acquired byUber for an undisclosed sum, but believed to be $105 million.[13][14][15][16] This was Uber's first Australian acquisition. The company continued operating independently following Uber's takeover with co-founder Will Davies as the chief executive until November 2022 when it was rebranded as Uber Carshare.[17]
In August 2024, Uber announced that Uber Carshare would cease operations in the following month citing rising costs and 'operational challenges'.[13]
