A person to person, or P2P, car sharing mobile application provider Atzuche.com has rolled out its service to Beijing.
Atzuche.com provides a platform for private car owners to rent their vehicles, with insurance and credit guarantees offered and managed by the company.
“The P2P car rental model fits in with the trend of a sharing economy. The model will lead to a whole new lifestyle in China as it gives people more choices of how to use their cars in a more environmentally friendly and interesting way,” said Chen Weiyu, co-founder and CEO of Atzuche.com, speaking to China Daily.
The China Daily reported that the company has almost a million members, more than 30,000 vehicles and about 7,000 different car models after the service was launched in Shanghai in May 2014.
The report said that Atzuche.com offers services in several cities including Shanghai, Nanjing, Hangzhou, Guangzhou and Shenzhen.
The company also claims that prices are up to 50% lower than those of the large car rental companies. The app facilitates finding a car for the member.