As of last week, people in the Netherlands can start using the Melalie platform. This means we are now officially operational in 2 countries! This in itself is already a big step. However, this news is double exciting, since we now offer the option to rent out cars via our platform. This is not only a new class of vehicles on Melalie, we enter a entire new market.
The Global Car Rental Market was estimated at USD 60 Billion in 2019 and is expected to reach USD 111.6 Billion by 2027. The global Car Rental Market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2019 to 2026. This trend is part of a larger trend where mobility is more transformed, from traveling via vehicles you own to “Mobility as a Service”.
Most of this market is controlled by international corporations and local franchises — Melalie allows individual vehicle owners and small firms to access this marketplace, meeting local demand with local supply to the benefit of all. At this moment we have listed 32 cars, in 4 models, we expect more to be listed soon. To support this, we are working on a big technical update as well. This is a great and exciting step forward! Check it out on our rent now page!
Insurance is a tricky business and as a platform we are in discussions with many insurance companies to also offer this ourselves. This is a step we expect to take later on. At this moment, insurance is simply provided by the local vendor. So everything has been taken care of.
The future of Melalie will not stop here. Our mission is to include all vehicles and modes of mobility that you do not have to own. Ranging from cars, to bikes and from trains to scooters. Now we have completed our fund raise, we have a runway of about 4 years. Meaning our community can expect many developments in the upcoming weeks, months and years!