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Company offering £750 a month to Coventry residents who let strangers use their car Company Karshare is promising a guaranteed income for three months to those who sign by July 31 Karshare is like AirBNB but for cars, with it allowing people who sign up to rent their cars to other people locally, with full insurance and breakdown cover. Subscribe today to get the latest headlines straight to your inbox with our free email updatesInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. ....
Car sharing platform Karshare has achieved its £1m funding target through its equity crowdfunding campaign. Karshare said it has over 435 investors to date and has achieved the total standing over £1.3 million, with the campaign not due to close until mid-January. Launched in 2020, the business enables people to rent out their car to people in their community using keyless technology. Andy Hibbert, founder at Karshare, said: “After an incredibly turbulent year, it’s fantastic to start 2021 off by smashing our fundraising target and see our investors come together to make car sharing possible. “The funds will be used to expand into new UK cities, invest in the Karshare platform and technology as well as further grow the team.” ....