About Splend

The startup offers flexible vehicle subscription and ownership plans that enable drivers to earn income through rideshare services while using eco-friendly cars. By facilitating on-demand car rentals with a streamlined booking process, the company provides an affordable and sustainable transportation solution for commuters.

<problem> Rideshare drivers face challenges in accessing suitable vehicles and managing vehicle-related expenses, including maintenance, insurance, and registration, which can impact their earnings and financial stability. Traditional car ownership or rental options may not cater specifically to the needs of rideshare drivers. </problem> <solution> Splend provides rideshare drivers with flexible vehicle subscription and ownership plans designed to simplify vehicle access and expense management. The company offers all-inclusive weekly payments that cover vehicle costs, registration, comprehensive rideshare damage and loss cover, scheduled servicing, and maintenance. Splend's Flexi Own plan allows drivers to work towards car ownership, while the Flexi Try plan offers a rental option for those who prefer a shorter-term commitment. Splend also assists drivers in signing up with Uber and provides ongoing support to help them maximize their earnings. </solution> <features> - Flexi Own plan enabling drivers to own a vehicle after a 4 or 5 year term - Flexi Try plan providing a rental option with no long-term commitment - All-inclusive weekly payments covering vehicle costs, registration, insurance, servicing, and maintenance - Access to a range of vehicles, including electric vehicles (EVs), hybrids, and petrol/diesel cars - Assistance with Uber sign-up and compliance with rideshare regulations - 24/7 roadside assistance and customer support - Free Uber-approved courtesy car in case of accidents or warranty repairs - Payment holiday relief, allowing drivers to reduce payments during breaks - Referral bonuses for referring new customers </features> <target_audience> Splend primarily targets rideshare drivers, including both new and experienced drivers, who are looking for flexible and affordable vehicle solutions with comprehensive support and expense management. </target_audience> <revenue_model> Splend generates revenue through weekly subscription fees for its Flexi Own and Flexi Try plans, as well as setup fees for new customers. Additional revenue may be generated from excess mileage charges and late payment fees. </revenue_model>

What does Splend do?

When was Splend founded?

Splend was founded in 2015.

How much funding has Splend raised?

Splend has raised 1000000.

Founded

2015

Funding

1000000

Employees

134 employees

Major Investors

IFM Investors

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Splend

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Executive Summary

splend.com 5K+

Crunchbase

Founded 2015

Funding

Estimated Funding

$1M+

Major Investors

IFM Investors

Team (100+)

No team information available.

Company Description

Problem

Rideshare drivers face challenges in accessing suitable vehicles and managing vehicle-related expenses, including maintenance, insurance, and registration, which can impact their earnings and financial stability. Traditional car ownership or rental options may not cater specifically to the needs of rideshare drivers.

Solution

Splend provides rideshare drivers with flexible vehicle subscription and ownership plans designed to simplify vehicle access and expense management. The company offers all-inclusive weekly payments that cover vehicle costs, registration, comprehensive rideshare damage and loss cover, scheduled servicing, and maintenance. Splend's Flexi Own plan allows drivers to work towards car ownership, while the Flexi Try plan offers a rental option for those who prefer a shorter-term commitment. Splend also assists drivers in signing up with Uber and provides ongoing support to help them maximize their earnings.

Features

Flexi Own plan enabling drivers to own a vehicle after a 4 or 5 year term

Flexi Try plan providing a rental option with no long-term commitment

All-inclusive weekly payments covering vehicle costs, registration, insurance, servicing, and maintenance

Access to a range of vehicles, including electric vehicles (EVs), hybrids, and petrol/diesel cars

Assistance with Uber sign-up and compliance with rideshare regulations

24/7 roadside assistance and customer support

Free Uber-approved courtesy car in case of accidents or warranty repairs

Payment holiday relief, allowing drivers to reduce payments during breaks

Referral bonuses for referring new customers

Target Audience

Splend primarily targets rideshare drivers, including both new and experienced drivers, who are looking for flexible and affordable vehicle solutions with comprehensive support and expense management.

Revenue Model

Splend generates revenue through weekly subscription fees for its Flexi Own and Flexi Try plans, as well as setup fees for new customers. Additional revenue may be generated from excess mileage charges and late payment fees.