/ Corporate / Evercar Model for Shared Electric Vehicles Growing Quickly in Los Angeles

Evercar Model for Shared Electric Vehicles Growing Quickly in Los Angeles

Matt Ball on March 24, 2016 - in Corporate, Transportation

LOS ANGELES, March 23, 2016—Evercar, a provider of shared electric vehicles for on-demand drivers (like Uber and Lyft), is growing quickly in Los Angeles, and for good reason. By applying innovations in electric vehicles and car-sharing technology, the company is making it possible for nearly anyone to access a vehicle to drive for the on-demand economy.

 

Evercar’s shared, environmentally-friendly electric vehicles are available to its driver community on an hourly basis for as little as $5 per hour. The fee covers all operating costs, including unlimited mileage, fuel, maintenance, insurance and cleaning. Unlike other programs, Evercar’s pricing and service terms make it accessible to all drivers, including individuals who wouldn’t otherwise qualify for similar shared vehicle programs, or be able to obtain a loan or lease to use their own vehicle.

“Shared electric vehicles represent the future of transportation, and with Evercar, we’re making it possible for practically everyone to participate in that future, today,” said Evercar CEO Michael Brylawski. “Our platform for shared vehicles is ideal for on-demand drivers because it helps us spread out the cost of buying and maintaining a vehicle while at the same time providing drivers with a community of shared learning and support that helps them maximize their earnings.”

The Evercar service launched in Los Angeles in 2015 and currently includes a fleet of 43 shared vehicles in high-demand communities of Los Angeles County including Downtown, West Hollywood, Santa Monica, Inglewood, and Marina del Rey. The company plans to expand rapidly in Los Angeles County, with financing available to acquire up to 1,000 new vehicles in the coming months.

“Evercar’s prices make it possible for anyone to have access to work, they’re really helping to create jobs for people who wouldn’t otherwise have this kind of opportunity,” said Terrence Buchanan, a frequent Evercar driver.

Evercar recently recognized a company record for vehicle utilization in its Los Angeles fleet, when nearly half of its fleet was on the road 24-hours a day. The company’s model for shared vehicles allows a higher rate of utilization than the traditional single owner model.

“Our new driver enrollment is growing rapidly, every week we have hundreds of drivers in Los Angeles applying to join the Evercar community, which tells us we’re providing a much-needed service to the communities we serve and the environment that surrounds them,” said Brylawski.

About Evercar

Evercar is making the on-demand economy sustainable by providing affordable access to shared electric vehicles for use in the on-demand economy. A subsidiary of Vision Fleet, Evercar is headquartered in Los Angeles, with additional offices in Indianapolis, San Francisco, and Boulder. The executive team together brings decades of advanced fuel vehicle and fleet experience to the company’s operations and client work. Vision Fleet is backed by Vision Ridge Partners, a sustainability-oriented investment firm based in Boulder, Colorado, that seeks to accelerate the transition to a low-carbon future.

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