Australia-based fleet management company SG Fleet bought a strategic stake in a mobility solutions company to meet demand for greater transport efficiency and flexibility.
The company, Collaborate Corporation Limited, is focused on a sharing economy business model, with a strong focus on alternate mobility solutions, according to a release from the company. The company’s core businesses are car subscription "Carly" and a range of peer-to-peer vehicle rental offerings.
With Carly, users pay a monthly subscription fee to access any vehicle from the entire fleet available. This service gives users flexibility as they can pause or stop their subscription whenever they want or change the vehicle according to their needs.
SG Fleet invested $2.2 million in Collaborate Corporation in order to widen its service offerings.
Under the agreement, SG Fleet will provide vehicles to Collaborate to facilitate further growth within the Carly business, subject to demand and economic returns.
The company currently offers vehicle sharing solutions to a range of organizations and provides mobility consulting services to companies moving towards an integrated, multi-model approach for their employees.