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Car Next Door is a technology company.
Car Next Door develops and operates a peer-to-peer car-sharing platform, facilitating the rental of privately owned vehicles by the hour or day. The core technology provides a comprehensive booking system, including in-vehicle hardware that enables keyless access and tracking, ensuring a secure and seamless experience for both car owners and borrowers. This system maximizes the utilization of idle assets, offering a flexible and cost-effective transportation alternative.
Will Davies, David Trumbull, and Chloe Iliffe founded Car Next Door in 2012 in Sydney, Australia. Their insight was to leverage the significant number of privately owned cars that sit unused for extended periods, transforming them into a shared resource. This approach aimed to reduce the financial burden of car ownership for individuals and provide convenient, localized transport options for others in the community.
The platform caters to vehicle owners looking to earn income from their cars and individuals seeking convenient, on-demand access to transport without the commitment of ownership. Car Next Door’s vision centers on fostering a more efficient and sustainable urban environment by promoting shared mobility. The company aims to empower communities with accessible transport while simultaneously reducing the overall number of cars on the road.
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 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]
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 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 |
|---|---|---|---|
| Nov 26, 2019 | $10.0M Other Equity | Gary Dransfield | |
| Sep 17, 2019 | $6.2M Other Equity | jungwook lee | |
| Jul 3, 2018 | $2.0M Other Equity | Scott Grant | Caltex |
| Feb 1, 2018 | $5.0M Series B | ACME Capital, Astella, Blackbird Ventures Australia, Cometa, ThirdLove, Bill Tai, Shervin Pishevar, Caltex, Equitise, Investible, Larix VC, Macquarie | |
| Oct 1, 2015 | $1.0M Series A | ACME Capital, Blackbird Ventures Australia, ThirdLove, Bill Tai, Shervin Pishevar | |
| Jun 1, 2015 | $250K Seed | ACME Capital, Blackbird Ventures Australia, ThirdLove, Bill Tai, Shervin Pishevar |