Company Name: Collaborate
Announcement Date: 15/01/2018
Announcement Category: Product launch/update
Announcement Content:
Collaborate's DriveMyCar business unit has reported exceptional results for the December 2017 Quarter with record sales accompanied by a number of key product launches.
DriveMyCar
• Rental Transaction Value reached a new record of $814,000, a 62% increase vs Dec 2016 Qtr and a 33% increase vs the preceding Sep 2017 Qtr. December 2017 was a particularly strong month, benefiting from many of the initiatives that gained traction later in the Dec 2017 Quarter and delivering Rental Transaction Value 28% higher than any previous month.
• Booked Days reached a new record of 21,000 days, a 98% increase vs Dec 2016 Qtr.
• Rental Transaction Value for Uber increased by 216% vs Dec 2016 Qtr and 18% vs the preceding Sep 2017 Qtr.
• Vehicle Activations reached a new record of 309 vehicles, a 68% increase vs Dec 2016 Qtr and 13% increase vs the preceding Sep 2017 Qtr.
• RACV DriveMyCar which launched in late September 2017 in Victoria achieved a 137% increase in Rental Transaction Value in December 2017 vs November 2017, outpacing the growth achieved in the rest of the DriveMyCar business and signifying the strong potential of the collaboration with RACV.
• Flexible Rideshare Rentals, which provides temporary access to vehicles for Uber owner-drivers while their vehicles are being serviced or repaired, launched on 20 December in Sydney and quickly gained traction with customers and corporate
Announcement URL: http://collaboratecorp.com/wp-content/uploads/2018/01/150118-CL8-Exceptional-growth.pdf
About Collaborate:
Collaborate Corporation Limited (ASX: CL8) is a leading ASX listed player in the sharing economy and has created platform technology to operate online marketplaces where the ‘trust’ it creates allows individuals and companies to transact with each other for mutual benefit. Brands include DriveMyCar, MyCaravan and Mobilise.
Collaborate enables asset owners to generate income from idle assets by safely and easily renting them to others who require temporary access to the assets. Renting assets is no longer the exclusive domain of dedicated rental companies. We are embracing the trend from ownership to access and reinventing the way that assets are owned, monetised and used.
Collaborate operates online marketplaces in the car, caravan and equipment rental industries. Growing from an initial focus on consumer transactions, the marketplaces are pursuing higher growth from business transactions through relationships with Australian and multinational companies such as Aon, InterLeasing, Subaru, Orix and Uber.
Through our proprietary PeerPass® verification platform we create trust by managing ID verification, credit checks, payments and feedback – maximising the potential for safe and efficient transactions.
Go to Company Profile for: Collaborate
Announcement Contact: [email protected]
