HyreCar
HyreCar operated a US peer-to-peer car-sharing marketplace connecting individual vehicle owners with gig-economy drivers (primarily Uber and Lyft) needing short-term rentals, earning commission on each transaction until its May 2023 acquisition by Getaround.
- Company typePublic
- Founded2016
- HeadquartersLos Angeles, United States
- Headcount51–100
- GTM typeB2C
- OfferingDigital Commerce or Content
What HyreCar does
HyreCar Inc. operated a two-sided, peer-to-peer car-sharing marketplace that connected individual vehicle owners with gig-economy workers, primarily rideshare drivers operating on Uber and Lyft, who needed flexible vehicle access without the cost or commitment of ownership. The platform allowed owners to monetize idle vehicles and provided renters with verification, insurance coverage, and short-duration rentals tailored to gig-work use cases. Car owners formed one primary segment, monetizing idle vehicles with built-in insurance and renter verification, while rideshare/delivery drivers formed the demand side, accessing affordable, flexible vehicle supply; the segmentation was horizontal across the long tail of individual consumers rather than concentrated in enterprise accounts.
Underlying the marketplace was a relatively conventional web-based matching and listing stack that handled vehicle onboarding, renter verification, and rental transactions; the platform's primary technical differentiator was operational (verification workflows, insurance integration) rather than algorithmic. Revenue was generated on a marketplace-commission basis, taking a percentage of the rental fee on each transaction between owner and driver. Distribution was domestic, single-country (USA), through a web marketplace accessible to individual owners and SMB renters. Operational scale at peak included 51-100 employees and a joint venture with AmeriDrive that placed over 1,000 fleet-supplied vehicles onto the platform.
HyreCar was incorporated in Delaware and traded on NASDAQ under the ticker HYRE. It raised disclosed funding of approximately $48 million across multiple equity rounds between 2016 and 2021, including a $29.7M raise in February 2021, and a further $17.25M in 2022-2023. Despite multi-year revenue growth from roughly $3.2M in 2017 to ~$35.7M in 2021, the company operated at a substantial and widening EBITDA loss every year on record. In May 2023, Getaround Inc. acquired HyreCar's assets, integrating the P2P car-sharing capability into its shared-vehicle offering and ending HyreCar's independent operations.
HyreCar firmographics
Firmographics- Name
- HyreCar
- Legal name
- HyreCar Inc.
- Website
- https://hyrecar.com
- Company type
- Public
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- HyreCar operated a US peer-to-peer car-sharing marketplace connecting individual vehicle owners with gig-economy drivers (primarily Uber and Lyft) needing short-term rentals, earning commission on each transaction until its May 2023 acquisition by Getaround.
- Ownership category
- akta.pro rank
HyreCar industry classification
Industry- Product category
- Peer-to-Peer Car Sharing Marketplace
- NAICS
- Passenger Car Rental (532111), Automotive Equipment Rental and Leasing (5321), Taxi and Ridesharing Services (485310)
- SIC
- Services-Auto Rental & Leasing (No Drivers) (7510), Transportation Services (4700)
- akta.pro primary industry
- Peer-to-Peer (P2P) Carsharing (TLAFAMAC)
- akta.pro secondary industries
- P2P Car Sharing for Hosts (Owner Supply & Management Tools) (THADABAB), P2P Car Sharing Fleet Operators (Managed P2P Fleets) (THADABAF), Car Rental & Car-Sharing Booking Platforms (BPAMAIAF)
Keywords
Where HyreCar is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Markets served
HyreCar business model
Business model- GTM type
- B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales
Revenue model
- Platform commission/transaction fees: HyreCar generated revenue by facilitating peer-to-peer car rentals through its marketplace platform, earning commissions on vehicle rentals between car owners and gig economy workers such as rideshare drivers.
Go-to-market motion1 record
Distribution channels1 record
HyreCar product offering
Product offeringCore offering
HyreCar operates a peer-to-peer car sharing marketplace platform that connects vehicle owners with gig economy workers, primarily rideshare drivers for Uber and Lyft. The platform enables car owners to list and rent their vehicles to verified drivers, providing insurance coverage and rental management services. The company also engaged in fleet partnerships, notably a joint venture with AmeriDrive that placed 1,000+ vehicles on the platform.
Product overview
HyreCar operated as a single peer-to-peer car sharing platform connecting vehicle owners with gig-economy drivers. The platform facilitated vehicle listings and rental coordination. Following its May 2023 acquisition by Getaround Inc., the standalone HyreCar platform ceased independent operations and its assets were integrated into Getaround's shared vehicle offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- HyreCar P2P Car Sharing Platform A peer-to-peer car sharing marketplace platform connecting individual vehicle owners with rideshare and gig-economy drivers. The platform handles vehicle listing, renter verification, rental coordination, and insurance coverage for the duration of each rental. Targeted at individual car owners seeking to monetize idle vehicles and gig economy workers needing vehicle access for rideshare services.
Companies that use HyreCar
Customer profileSegments2 records
Ideal customer profiles2 records
HyreCar technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
HyreCar partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Getaround Inc.coreGetaround Inc acquired HyreCar's assets in May 2023 to expand its shared vehicle offerings and strengthen its presence in the gig-economy mobility sector.
- AmeriDrivecoreJoint venture partnership where AmeriDrive purchased over 1,300 vehicles, with 1,000 listed on HyreCar's platform to serve gig economy workers. This partnership was a key growth initiative supported by the $12.25 million financing round.
Scale indicators3 records
Recent moves5 records
Expansion highlights3 records
HyreCar competitors and assessment
Company assessmentDirect peers
- Turo: Turo is the largest peer-to-peer car sharing marketplace in North America, connecting vehicle owners with renters. It is the most direct competitor to HyreCar's core marketplace model, though HyreCar targeted gig economy drivers while Turo serves a broader consumer base.
- Getaround: Getaround operated a P2P car sharing platform and ultimately acquired HyreCar in May 2023. It is a direct peer — comparable product, market, and customer segment — and is now HyreCar's parent company.
Broad incumbents
- Uber: Uber is the dominant rideshare platform whose drivers were HyreCar's primary end-customer base. While not a direct car-sharing competitor, Uber's driver economics, vehicle solutions (like Uber Vehicle Solutions), and platform policies directly shaped HyreCar's demand and risks.
- Lyft: Lyft is the second-largest US rideshare platform and a core demand source for HyreCar's rentals alongside Uber. Hyft (Lyft's rental arm) was also a competitor in gig-driver vehicle access, making Lyft both a customer-base anchor and a broad incumbent in adjacent offerings.
- Zipcar: Zipcar (owned by Avis Budget Group) is a station-based carsharing incumbent operating a large shared vehicle fleet. It overlaps with HyreCar's shared-mobility category but targets short-term urban consumers rather than gig drivers — a broader incumbent with adjacent offerings.
- Avis Budget Group: Avis Budget Group owns Zipcar and traditional car rental brands (Avis, Budget). It competes in adjacent vehicle access categories and could enter gig-driver rental programs, making it a broad incumbent in shared mobility and rentals.
- Enterprise Mobility: Enterprise operates one of the largest car rental fleets globally and offers commercial truck-sharing programs. Its scale and fleet-management capabilities make it a broad incumbent that touches HyreCar's host and rental management territory.
- Hertz Global Holdings: Hertz is a major global car rental company that has experimented with peer-to-peer fleet partnerships and EV rentals. It is a broad incumbent in the rental space with potential overlap to HyreCar's gig-driver rental segment.
Regional players
- Drivy (Getaround Europe): Drivy, now part of Getaround's European operations, was a P2P carsharing marketplace headquartered in Europe. It is highly comparable in product and model but operates in a different geography, making it a regional peer.
Emerging players
- Kyte: Kyte is an emerging player in on-demand car delivery and rental focused on airport and urban travelers, overlapping with HyreCar's mobility-on-demand thesis. It is an emerging, partially-overlapping peer rather than a direct marketplace competitor.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
HyreCar social profiles
Digital presenceHyreCar financial estimates
Financial estimateRevenue estimate
Valuation estimate
HyreCar leadership team
Management profileNumber of profiles
Profiles6 records
HyreCar subsidiaries and ownership
Company hierarchySubsidiaries1 record
HyreCar funding detail
Funding detailFunding overview
Funding rounds7 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HyreCar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HyreCar
What does HyreCar do?
HyreCar operates a peer-to-peer car sharing marketplace platform that connects vehicle owners with gig economy workers, primarily rideshare drivers for Uber and Lyft. The platform enables car owners to list and rent their vehicles to verified drivers, providing insurance coverage and rental management services. The company also engaged in fleet partnerships, notably a joint venture with AmeriDrive that placed 1,000+ vehicles on the platform.
Is HyreCar a public or private company?
HyreCar is a public company. It is classified as public and is currently acquired.
When was HyreCar founded?
HyreCar was founded in 2016. It employs 51 to 100 people.
Where is HyreCar based?
HyreCar is headquartered in Los Angeles, United States, in the North America region.
How does HyreCar make money?
One revenue line is on record: platform commission/transaction fees.
Who are HyreCar's main competitors?
Direct peers on record are Turo and Getaround. Broad incumbents are Uber, Lyft, Zipcar, Avis Budget Group, Enterprise Mobility and Hertz Global Holdings. Drivy (Getaround Europe) is listed as a regional player. Kyte is listed as an emerging player.
Does HyreCar have an API?
No public API is recorded for HyreCar.
What industry is HyreCar in?
HyreCar's product category is Peer-to-Peer Car Sharing Marketplace. Its primary akta.pro industry code is TLAFAMAC, Peer-to-Peer (P2P) Carsharing, with a secondary code of THADABAB, P2P Car Sharing for Hosts (Owner Supply & Management Tools). Its NAICS code is 532111 and its SIC code is 7510.