Peer-to-peer car sharing service Perpetoo launched in 4 Romanian cities

Perpetoo, the first peer-to-peer car sharing service in Romania, is available starting this month in Bucharest and 3 other major cities in Romania: Cluj-Napoca, Iasi and Timisoara.

The service is for those who want to rent their own cars, as well as those who want to drive a car for a minimum of 3 hours and a maximum of 30 days.

People who want to list their car and those who want to rent a car will be able to do so on the Perpetoo website, where they will have to create an account in the Owner or Driver categories. Creating an account on the platofrm is free – the only cost involved is the car rental fee paid by Drivers. Payment will be made at the time of the booking confirmation.

The car owners who list their vehicle for rent set the rental rate themselves and get CASCO insurance throughout the rental period, offered by UNIQA Asigurări and Renomia SRBA Insurance Broker.

In order to earn between RON 1,000 and 4,000, the average monthly income estimated by Perpetoo representatives, car owners must take into account both the technical condition of the car (it should have a maximum of 8 + 1 seats, not be more than 10 years old, be in good condition, have up-to-date RCA and ITP, have a valid vignette and be properly equipped), as well as the constant interaction they will have with those who want to rent the car and who will contact them through the application.

Owners must accept the booking request and the corresponding period within 1-13 hours (depending on the time at which the request is received), in order for the reservation to be confirmed.

On the other hand, those who want to rent a car will enjoy affordable rates and, in addition, will be able to choose exactly the car they want to drive.

Perpetoo also provides other benefits, such as the flexibility of the rental period and the lower bureaucracy thanks to the documents that self-complete directly in the application.

When the owner and the renter meet for the delivery of the vehicle, the rental process has already been completed, the only remaining steps are inspecting the condition of the car and handing over the vehicle documents together with a set of keys.

Company representatives estimate that, in the first year of activity, over 3,000 car owners will list one or more vehicles on the Perpetoo website and that the number of rentals will exceed 25,000.

The service was designed and implemented by Romanian entrepreneur Aurelian Marin, the largest tour operator on the Romanian coast through his travel agency Paradis Vacante de Vis. He identified the potential of sharing economy platforms and, two years ago, began to build his own model: Perpetoo.

Perpetoo was developed with exclusively Romanian private capital, which amounts to about EUR 350,000 so far, and a team of over 40 specialists working on the development and optimisation of the platform.

The service aims to contribute to improving traffic in big cities by making the existing car fleet more efficient, but also to create an even more competitive car rental market, so that all users can gain from it: car owners can earn extra income by renting their own cars, while visitors and tourists can pay less when they want to rent a car.

About peer-to-peer car sharing

Sharing economy business models have seen a clear upward trend over the past 10 years, with companies such as Airbnb becoming global giants in their fields. Such an example of a collaborative business is the peer-to-peer car-sharing service, whereby users make their personal property available for rent, on a specialized platform, in exchange for a sum of money.

This service is already being used successfully in countries around the world, such as the United States, Canada, Australia, France, Spain, Portugal, England, Sweden, Czech Republic or Germany, where over 10 million users have already used this mode of transport.

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