| Acquired by | RelayRides |
| Date | 5/13 |
| Website | wheelz.com |
| Blog | blog.wheelz.com |
| @gowheelz | |
| Category | Other |
| Phone | 855-494-3359 |
| info@wheelz.com | |
| Employees | 20 |
| Founded | 2011 |
| Description | Campus Car Sharing |
| TOTAL | $15.7M |
| FUNDING TOTAL | $15.7M |
| Seed, 9/11 Felicis Ventures Social + Capital Partnership | $2M |
| Series A, 2/12 Zipcar Fontinalis Partners Felicis Ventures | $13.7M |
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.
