July, 2018 | Allen, Flatt, Ballidis & Leslie Blog Archive
Maven, a car sharing platform run by General Motors Company, is a new service to let owners of its cars rent them out and earn money, as the automaker makes an effort to move into selling rides as a service instead of just building vehicles.
The idea is to let GM customers put their cars into Maven's fleet, using its app the same way Airbnb Inc. enables people to rent out their homes. Maven rents cars out for hours or days at a time the same way as other rental car companies would. If this way to do business becomes successful, Maven will get more cars to rent out without carrying assets on its books, while GM customers have a way to earn some extra cash.
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