Carsharing market HyreCar introduced the launch of HyreCar Choose, a program the place current and new homeowners can listing and hire higher-value automobiles by means of the platform. Beforehand, automobile homeowners on the HyreCar platform have been restricted to itemizing customary automobile choices such because the Toyota Prius, Nissan Altima, and Hyundai Elantra.

Whereas automotive costs have began to melt, used automobile values elevated by 88% in the course of the pandemic with the upper values disqualifying many more moderen, fascinating automobiles from being listed on the platform. In accordance with a press release by the corporate, with the launch of HyreCar Choose, homeowners with diversified fleets will now be capable of listing a better share of their general stock and profit from gig drivers searching for newer or premium automobiles.

HyreCar Choose enhances the corporate’s give attention to growing electrical automobile (EV) provide by offering its drivers and homeowners entry to extra EV choices whereas actively decreasing carbon emissions in partnership with rideshare and supply corporations. HyreCar Choose now permits extra EVs, that are sometimes higher-value automobiles, to be added to {the marketplace}.

“Our proprietor neighborhood and drivers have constantly voiced their need for extra makes and fashions on the platform,” stated Eduardo Iniguez, chief monetary officer and Interim CEO With HyreCar Choose within the assertion. “We at the moment are capable of present homeowners with a chance to monetize and increase their fleets by means of a single platform whereas giving drivers entry to automobiles with better incomes potential. We anticipate HyreCar Choose to enhance market high quality and entice a extra numerous driver base whereas exponentially growing general automobile provide and utilization.”

This system is being launched concurrently with new risk-mitigation initiatives that enable the corporate to higher establish and qualify drivers on the level of registration in addition to based mostly on platform habits and rental historical past. Eligibility for HyreCar Choose automobiles will likely be restricted to these drivers who qualify based mostly on set standards.

This system will launch in California and Georgia adopted by extra states within the coming weeks.