HyreCar is a privately owned vehicle rental platform that allows owners to list their cars for
drivers looking to rent. Through the peer-to-peer marketplace, owners can set their own rates
drivers can browse a catalog of available options. Car owners benefit from returns on their idle
assets whereas drivers gain access to a fleet of vehicles for personal use or towards
services such as Uber and Lyft.
HyreCar formed in 2014 when founder Andy Bansal was trying to drive for Uber but was rejected because his car did not qualify. He searched for a car to use but realized that there was no central resource for drivers to rent cars in a reliable and flexible way. The available options at the time were limited to classified ads or to borrow from a friend. This posed high risk and little returns for vehicle owners and renters. From here, Andy decided to create a centralized marketplace for owners to list and drivers to rent qualified vehicles for the on-demand economy safely and securely.
HyreCar addresses two pain points – the underutilization of automobiles and the demand for cars qualified to function in the on-demand economy.