TREVO Car Sharing Startup Expands to Indonesia, Available in Three Cities
It is part of SoCar, a Malaysian startup; in the middle of completing series B funding
After launching in Malaysia at the end of last year, TREVO is officially available in Indonesia. TREVO is a peer-to-peer sharing platform that allows users to book a car according to their needs through the nearest host in the community. Currently they have around 500 hosts who have registered their cars on the platform.
The company also experienced a growth in the number of communities to 100 thousand people. Prior to launching in Jakarta, TREVO has been operating in Bandung and Bali.
Trevo's General Manager, Brandon S. Curson revealed that the platform empowers hosts to earn money through their vehicles by matching fellow people in need for private rides. TREVO takes a commission to pay for advertising, customer support, and delivery of the host vehicle. It makes the process handled thoroughly.
"We offer users insurance options to grow trust in TREVO, enabling users to rent vehicles knowing they are safe from embezzlement, flooding, accidents and other types of damage."
Through the platform, car owners or hosts have the option to determine car availability and prices, and generate additional sources of income. Meanwhile, car renters or guests are offered the opportunity to rent a car more easily and comfortably.
In order to accelerate business growth, TREVO and its parent company, SoCar, are currently exploring series B fundraising. The fresh fund is said to be closed in the middle of this month. SoCar's latest funding round last year of $18 million was also used to build features to enhance TREVO's offering.
Welcome to Premium Content
Become a DailySocial.id Subscription, you can get unlimited access to discover the best minds of innovation and to perceive the finest tech journalism products in Indonesia. Learn more
Access anytime, only this article.
Rp 7,000 /article
Unlimited access premium content.
Rp 150,000 /month