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The investment in TravelerCar opens up a new chapter for the PSA Group, which is continuing to roll out its “Push to Pass” strategic plan for 2016-2021.
According to its website, the aim is to become becoming a successful supplier of mobility services on a global scale. To this end, PSA Group announced last April that it would be committing €100 million in venture capital to investment in the field of mobility. TravelerCar offers three types of service that are available in airports, train stations and city centres to make daily life easier for car owners and renters.
The first is a free parking solution for car owners who make their vehicle available for rent. In addition, owners are remunerated if their vehicle is rented out. TravelerCar provides comprehensive insurance coverage for the vehicle and manages the rental process from start to finish. Two, an advantageous-price parking solution is in place for car owners who prefer not to share their vehicle. Three, a reduced-rate car rental option is available for individuals. This service is provided through TravelerCar rental agencies, which serve as a link between renters and owners.
The TravelerCar offering is a hybrid model combining elements of both traditional car rental services and peer-to-peer rental systems. It enables users to enjoy high-quality service while also participating in an environmentally-responsible process.
Founded in 2012, the start-up now has a network of 80 agencies and over 100,000 users in six countries: France (including the overseas departments and territories), Spain, the Netherlands, Germany, Switzerland and Belgium. "One of the answers to new car consumer trends is delivering the kind of solutions that TravelerCar has developed," said Brigitte Courtehoux, head of PSA Group's Connected Services and New Mobility Solutions Business Unit.
"We are attentive to our users," said TravelerCar's founder Ahmed Mhiri, "and can therefore offer solutions that are suited to their specific needs. The car is a resource that can generate income for its owner when he or she isn't using it.”
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