The following is an excerpt from Matt McFarland | April 11, 2018 | CNN.com |
Uber will begin offering peer-to-peer car rentals in San Francisco later this month.
CEO Dara Khosrowshahi announced at an event on Wednesday users will be able to rent cars via startup Getaround directly within the Uber app.
With Getaround's model, car owners decide for how long they want to make their vehicle available for rental. A range of vehicle types will be available for users, and cars can be rented for as short as an hour or for days.
The move is a part of a greater effort to offer car ownership alternatives and expand Uber's transportation options.
The company announced a partnership with Masabi, a public transit mobile ticketing startup. This could allow users to book public transit trips within the Uber app.
Financial terms of the partnerships were not disclosed.
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