Wheelz Launches Service in San Francisco Offering the City’s Largest Instantly Accessible Peer-to-Peer Car Sharing Fleet

  Wheelz Launches Service in San Francisco Offering the City’s Largest
  Instantly Accessible Peer-to-Peer Car Sharing Fleet

 DriveBox™ technology in every vehicle enables simple, efficient reservations
                             and keyless exchange

Business Wire

SAN FRANCISCO -- October 30, 2012

Wheelz, the first and only peer-to-peer car sharing service that gives you
instant access to cars in your neighborhood, announced today its first urban
launch in San Francisco. As part of the launch, Wheelz will also host a
special “Free Wheelz for a Day” promotion weekend, picking up the tab for new
and existing drivers who rent a car, up to 24 hours, from Nov. 2-4.

Wheelz equips every car with DriveBox™ technology that allows drivers to find
and unlock any Wheelz car instantly with a smartphone or DriveCard™ instead of
a key exchange, making car sharing efficient, accessible and instant for both
owners and drivers. The DriveBox hardware, which can be installed in nearly
any type of car, also provides the convenience and security of alerting
renters and car owners to the vehicle’s location via GPS.

“We’re introducing San Francisco, a market where mobility services are
flourishing, to a smart new way to do peer-to-peer car sharing. Wheelz makes
all cars instantly available to drivers and elegantly simple for owners to
share,” said Jeff Miller, CEO and founder of Wheelz. “The future is on-demand
transportation, and Wheelz offers more instantly accessible cars in San
Francisco than all other peer-to-peer services combined.”

Unlike traditional car sharing, which is offered through company-owned
vehicles, Wheelz drivers are renting cars from neighbors and friends,
utilizing otherwise idle cars that are more readily available right where
people live. Drivers receive a gas card to fill up the tank and reliable 24/7
customer service from the Wheelz PitCrew. Additionally, the company’s $1
million comprehensive insurance policy protects every Wheelz reservation,
including the vehicle, driver and passengers.

The growing San Francisco network offers drivers a wide range of models for an
average of $7 to $8 per hour, and drivers can sign up, book a car and drive
away within 5 minutes. In fact, more than half of all Wheelz reservations are
made within two hours of the time they need a car, and over two-thirds of all
drivers are repeat renters. Owners typically earn $200 a month, with some
earning as much as $1,000 per month.

“We’re seeing an important consumer shift toward on-demand mobility services,”
said Scott Griffith, Chairman and CEO of Zipcar, the world's leading car
sharing network. “With its innovative technology-driven solution, Wheelz is
poised to be a key part of the new mobility society where consumers choose
from an array of easy to access, self-service, technology-enabled
transportation options.”

Building on a successful campus-based model, Wheelz’ urban market expansion
follows a $13.7 million Series A round of funding led by investors Zipcar and
Bill Ford’s Fontinalis Partners, secured in February 2012. To learn more about
Wheelz, or to start sharing or renting your car today, visit www.wheelz.com.

About Wheelz

Headquartered in San Francisco, Wheelz is a peer-to-peer car sharing service
that gives you instant access to cars near you by connecting people who want
to share their cars with people who want to rent them. Through our DriveBox^TM
in-car technology and integrated smartphone apps, we provide a simple,
efficient car sharing experience for everyone. We aren’t reinventing the wheel
– just how you use it. Visit www.wheelz.com to sign up today.

Contact:

Wheelz
Ann Bordetsky
(925) 487-4577
ann@wheelz.com
or
Jenny Corsey, APR
(619) 533-7981
wheelz@allisonpr.com
 
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