General Motors has announced plans to expand their Maven car sharing platform to include a peer-to-peer service which allows owners and eligible lessees to earn income by renting out their private GM vehicles such as Chevrolet, Buick, GMC or Cadillac brands, model 2016 or newer to Maven members. The service is already in beta stages available in Chicago, Detroit and Ann Arbor. The new service allows owners a hassle-free way to generate income from their vehicle when they're not using it.
Already integrated in the Maven App, Peer Cars will be available next to Maven Cars for rental by more than 150,000 current Maven members. Owners can start the process of listing their car with Maven by enrolling through their website. All reservations are insured through GM's $1,000,000 insurance policy and every driving member is thoroughly vetted before they have approval to use the Maven service. Maven keeps 40 percent of the revenue generated. GM has a major advantage over competitors in this market due to their OnStar telematics service which is included in almost every GM car and truck sold.
OnStar links up with the Maven app, which will allow for remote location of the car, plus unlock and remote start so there is no need for renter and owner to meet in person. GM owners are required to keep the vehicle clean and fueled. The owners also have an option to set prices 20 percent higher or lower than Maven's suggested pricing for the vehicle type. Renters are expected to return the vehicle in the same condition when it was picked up. GM has plans to include owners of other brands to join but for now they're not eligible. Maven currently has other services which include city station-based carsharing which rent vehicles for round trips by the hour, day or month, University campus sharing, and Maven Gig for delivery drivers.