- Acquired by RelayRides
- Akhtar Jameel, Jeff Miller
- San Francisco, CA
- Collaborative Consumption, Automotive
- Wheelz provides a car sharing platform facilitating economic opportunities for car owners by leasing their vehicles to non-owners.
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.
Current Team (11)Update
Funding Rounds (2) - $15.7MUpdate
Board Members and Advisors (3)Update
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Felicis Ventures is a boutique venture capital firm based in Silicon Valley
Red Swan invests in customer-centric, culture-generating and disruptive entrepreneurs.
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