Hygglo is a peer-to-peer rental platform that connects individuals in Sweden to rent items locally, utilizing a secure verification process through BankID and comprehensive insurance coverage for both renters and owners. This service addresses the need for affordable access to various tools and equipment, often at a cost 60% lower than traditional rental companies, while promoting a circular economy by maximizing the use of existing resources.
Funding
$893K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals need temporary access to tools, equipment, and other items, but purchasing these items outright can be expensive and impractical, especially for infrequent use. Traditional rental companies often have limited availability, inconvenient hours, and higher costs.
Solution
Hygglo is a peer-to-peer rental marketplace that connects individuals who need to rent items with those who have items available for rent. The platform facilitates local rentals, providing a more affordable and convenient alternative to traditional rental services. By enabling individuals to rent out their underutilized possessions, Hygglo promotes a circular economy and maximizes the use of existing resources. The service incorporates a secure verification process using BankID and offers comprehensive insurance coverage for both renters and owners, ensuring a safe and reliable rental experience.
Target Audience
The primary target audience includes individuals who need temporary access to various items without the commitment of purchasing, as well as individuals who want to earn income by renting out their underutilized possessions.
Features
- Peer-to-peer rental platform connecting renters and owners locally
- Wide variety of rentable items, including tools, equipment, vehicles, and event supplies
- Secure user verification via BankID for enhanced trust and safety
- Comprehensive insurance coverage for all rentals, protecting both renters and owners
- Mobile app and website for easy browsing, booking, and management of rentals
- Search functionality to find items near the user's location
- Messaging system for direct communication between renters and owners
- User review and rating system to build trust and transparency