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News and Announcements

Collaborate’s ‘DriveMyCar’ Increases Rental Transaction Value by 62%

  • Published January 17, 2018 12:00AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

KEY TAKEAWAYS:

  • Collaborate’s Rental Transactional Value scaled up to $814,000.
  • DriveMyCar boosts a new record of 309 additional peer vehicles.
  • Mobilise market entry successfully listed 3,700 in less than two months.

Collaborate Corp. Limited (ASX:CL8) shares its update on the company’s December 2017 quarterly report revealing impressive metrics on the performances. The three pillars of the company are DriveMyCar, Mobilise, and MyCaravan.

DriveMyCar has fulfilled its deliverables on its 62% increase worth $814,000 compared to December 2016 Quarter result for Rental Transactional Value. In conjunction to Uber, RTV has also strongly streaked up to 216%. Vehicle Activations achieved a new register of 309 vehicles marking its 68% elevation from the previous year and September 2017 metrics. The surge served as an outcome of the concentration in the RACV agreements with a significant concentration in Victoria. DriveMyCar has an approximately 10 participating corporate fleet. For the company’s Booked Days, it has also shoot up to 98% in a period of 21,000 days. Flexible Rideshare Rentals, was introduced in Sydney last December 20, 2017, has positively impacted by helping Uber operators dealing with their vehicle maintenances.

Mobilise entered the market on October 24 2017 for monetising and rebooting assets, part of its strategies focused on Facebook and Search promotional services, at the end of December Quarter 2017 it has reported 3,700 asset listings. In December 2017, Housing Industry Association Insurance Services has been firmly established. An ongoing 3-month strategic email marketing is also being carried out for continuous promotion to the construction industry.

The rebirth of MyCaravan’s website last December 2017 offered an optimised and customer service oriented interface for a more seamless interaction with the consumers. As scheduled, MyCaravan is set to join the 2018 Newcastle Caravan, Camping and Holiday Expo on February 8-11, 2018.

December 2017 Quarter has remarkably stood out by overtaking the previous year’s indices. Collaborate consistently adheres to its commitment in attaining its vision as Australia’s number one synergistic platform.

 

About Collaborate Corporation (ASX: CL8)

A leading ASX listed player in the sharing economy disrupting the car, caravan and equipment rental industries. Collaborate enables asset owners to generate income from idle assets by safely and easily renting them to others. We are embracing the trend from ownership to access and reinventing the way that assets are owned, monetised and used through partnerships with Uber, Subaru, Orix, Aon and Trivett Automotive.

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