OCN provides an online platform for renting electric vehicles (EVs) with an all-inclusive subscription model that simplifies the application process and includes maintenance. This service enables drivers to reduce fuel costs and earn additional income through participation in rideshare programs, specifically targeting the growing demand for zero-emission transportation solutions.
Funding
$88.3M 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
Rideshare drivers face high upfront costs and long-term financial burdens when purchasing electric vehicles (EVs), hindering their ability to access the benefits of zero-emission transportation and related income incentives. Traditional financing options may not be readily available or suitable for drivers seeking flexible, short-term access to EVs.
Solution
OCN provides rideshare drivers with access to electric vehicles through an all-inclusive subscription service, eliminating the need for traditional vehicle ownership. The platform offers a curated selection of EVs that qualify for zero-emission incentives and premium rideshare programs. Drivers can select a vehicle, complete a streamlined online application, and receive their EV within a few business days. The subscription includes maintenance, insurance, and a mileage allowance, simplifying EV adoption and reducing operational costs for drivers.
Target Audience
The primary target audience is rideshare drivers seeking access to electric vehicles to reduce fuel costs, increase earnings through zero-emission incentives, and participate in premium rideshare programs.
Features
- Online application process that takes less than 10 minutes
- Delivery of EV within 3-5 business days
- Maintenance included in the subscription
- Digital payment options
- Mileage allowance of 4,000 miles per month (additional miles available at extra cost)
- Access to EVs eligible for Uber Comfort Electric and Uber Premium programs
- EV selection includes Hyundai Ioniq5, Genesis GV60, and 2025 Hyundai Kona Electric