WaiveCar is a car rental service that allows customers to rent cars for free. Yes, you read that right ??? for free! The company had a successful appearance on Shark Tank, where they secured a $1.5 million investment from Mark Cuban and Lori Greiner. In this article, we???ll take a closer look at WaiveCar and how it???s changing the car rental industry.

The Idea Behind WaiveCar

WaiveCar was founded by Isaac DeSouza and Zoli Honig in 2015. The idea behind the company was to create a car rental service that was both affordable and environmentally friendly. They came up with the concept of allowing customers to rent cars for free by placing advertisements on the cars. The ads would cover the cost of the rental, making it free for customers.

At first, the company started with just a few cars in Los Angeles. However, it quickly gained popularity and expanded to other cities. Today, WaiveCar has a fleet of hundreds of electric cars available for rent in Los Angeles, San Diego, and San Francisco.

How WaiveCar Works

Renting a car from WaiveCar is easy. Customers can download the WaiveCar app and browse the available cars. Once they find a car they like, they can reserve it for up to two hours. The app will provide the customer with the location of the car and a code to unlock it. The customer can then drive the car for up to two hours for free.

While driving the car, customers will be exposed to advertisements on the car???s exterior and interior. The ads can be for a variety of products and services, including restaurants, movies, and local attractions. This allows WaiveCar to cover the cost of the rental and make a profit from the advertising revenue.

The Benefits of WaiveCar

WaiveCar offers several benefits to customers. First and foremost, it???s a great way to save money on car rentals. Customers can rent a car for free and only pay for the gas they use. Additionally, the cars are electric, which means they???re environmentally friendly and produce zero emissions.

Another benefit of WaiveCar is that it???s easy to use. The app makes it simple to find and reserve a car, and the code to unlock the car is provided right in the app. Customers can also extend their rental for a fee if they need more time with the car.

The Future of WaiveCar

WaiveCar has plans to expand to other cities in the future. The company is also considering adding more electric car models to its fleet. Additionally, WaiveCar is exploring ways to make the advertising more targeted and personalized to each customer???s interests.

Overall, WaiveCar is a game changer in the car rental industry. By offering free rentals and environmentally friendly cars, the company is disrupting the traditional car rental model. With the support of Shark Tank investors Mark Cuban and Lori Greiner, WaiveCar is poised for even more success in the future.

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