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.
Funding
$1M 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 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.
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.
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