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§ Private Profile · Pyrmont, New South Wales, Australia
A peer-to-peer car sharing marketplace for owners to rent vehicles to borrowers, providing booking, insurance, and keyless access.
Car Next Door is a peer-to-peer car-sharing marketplace based in Pyrmont, New South Wales, Australia, that enables individual vehicle owners to rent their personal cars to trusted borrowers by the hour or the day. The platform facilitates these short-term consumer rentals through proprietary online booking systems, comprehensive insurance coverage, and specialized in-vehicle technology designed for secure, keyless transactions. After raising $15.23 million in total venture funding from early backers including Trevor Folsom's investment firm Investible, the mobility company was acquired by Uber in January 2022 for a reported $50 million. Following this strategic acquisition, the platform was officially rebranded as Uber Carshare, integrating directly into the broader global transportation ecosystem overseen by Uber executives Dara Khosrowshahi and Dom Taylor. Car Next Door was originally founded during 2012 by co-founders Will Davies and David Trumbull.
Car Next Door has raised $24.4M across 6 funding rounds.
Car Next Door has raised $24.4M in total across 6 funding rounds.
Car Next Door has raised $24.4M across 6 funding rounds. Most recently, it raised $10.0M Other Equity in November 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 26, 2019 | $10M Venture Round | Gary Dransfield | — | Announced |
| Sep 17, 2019 | $6.2M Venture Round | Jungwook LEE | — | Announced |
| Jul 3, 2018 | $2M Venture Round | Scott Grant | Caltex | Announced |
| Feb 1, 2018 | $5M Series B | — | ACME Capital, Astella, Blackbird Ventures Australia, Cometa, ThirdLove, Bill TAI, Shervin Pishevar, Caltex, Equitise, Investible, Larix VC, Macquarie | Announced |
| Oct 1, 2015 | $1M Series A | — | ACME Capital, Blackbird Ventures Australia, ThirdLove, Bill TAI, Shervin Pishevar | Announced |
| Jun 1, 2015 | $250K Seed | — | ACME Capital, Blackbird Ventures Australia, ThirdLove, Bill TAI, Shervin Pishevar | Announced |
Car Next Door has raised $24.4M in total across 6 funding rounds.
Car Next Door's investors include Gary Dransfield, jungwook lee, Scott Grant, Caltex, ACME Capital, Astella, Blackbird Ventures Australia, Cometa, ThirdLove, Bill Tai, Shervin Pishevar, Equitise.
Car Next Door is a peer-to-peer car-sharing platform that enables car owners to rent out their idle vehicles by the hour or day to local renters, reducing private car ownership and environmental impact.[2][3][5][6] It serves car owners seeking extra income and infrequent drivers needing affordable, flexible access, solving the problem of underutilized cars—often idle 96% of the time—while cutting waste, emissions, and urban congestion by estimating up to 10 fewer cars on the road per shared vehicle.[1][2][6] Launched in 2012 as Australia's fastest-growing car-sharing network, it scaled to over 3,000 cars, 80,000+ borrowers, and 160,000+ trips by around 2019, before Uber acquired it to expand sustainable transport options.[3][5][6]
Car Next Door was founded in 2012 in Sydney by Will Davies, an environmentally conscious entrepreneur, alongside David Trumbull (also referred to as Dave Trumball) and Chloe Llife.[2][5][7] The idea sparked when Davies, heading to a traditional car-share like Go Get in Bondi, noticed countless idle private cars and researched successful peer-to-peer models in Europe and the US.[2] Starting with a small pilot of 20 cars and 60 borrowers in Sydney suburbs, early growth relied on grassroots efforts like face-to-face marketing at markets, community events such as a bush dance, and knowing members by name.[3][6] Backed by seed investors like Investible in 2015 despite a tough funding climate, it gained traction through innovative tech and environmental focus, leading to Uber's acquisition around 2022 to accelerate its mission.[5][7]
Car Next Door rides the sharing economy and sustainable mobility wave, aligning with global shifts toward reducing car ownership amid urbanization, climate goals, and rising costs—timely as cities push greener transport post-2010s rideshare boom.[1][3][5] Market forces like electric vehicle investments, micromobility, and public transit integration favor it, as Uber's acquisition leverages its P2P model to complement ridesharing for errands or trips, cutting emissions and congestion in Australia-wide cities.[5][6][7] It influences the ecosystem by proving peer models scale (from pilot to national), inspiring investors like Investible, and accelerating "platform economy" innovations in transport tech.[7]
Post-Uber acquisition, Car Next Door operates independently under Uber's AUNZ team, with founders like CEO Will Davies scaling tech to more cities and enhancing sustainable options like EV sharing.[5][7] Trends like net-zero mandates, autonomous vehicles, and urban density will propel growth, potentially evolving its influence toward integrated multimodal platforms that further erode private ownership. This builds on its origins, freeing people and the planet from the "one person, one car" trap faster than standalone.[3][5]