|Description||Campus Car Sharing|
|Seed, 9/2011 |
The Social+Capital Partnership
|Series A, 2/2012 |
Wheelz (www.wheelz.com) is an early stage, venture backed start-up that is introducing a better approach to personal transportation and car ownership.
Wheelz peer-to-peer car sharing platform provides a compelling economic opportunity for car owners to securely lease their vehicles on an hourly or daily basis, and a convenient and affordable personal transportation solution for those who don’t own a car.
Cars are the second largest personal asset class on the American balance sheet. They are chronically under-utilized – most vehicles are parked 23 of 24 hours daily –; and they begin losing value the minute they drive off the lot. The current model – high-value, rapidly depreciating, poorly utilized – of car ownership is busted.
Wheelz is un-busting it; we’re introducing a more efficient model of car ownership, a model that is more responsible for the planet and the pocketbook.