Clifford Teo, country manager for Singapore, told e27 that they had incorporated PPZuche in Beijing three months back. After discussing with insurers and getting early adopters, they worked to better search engine optimization. With the new website launch, users in Beijing can also access the Android app available on the Google Play store.
Currently, the online and mobile marketplace has a separate research and development (R&D) team in Chengdu, where the developers work out of. The said R&D team services both Singapore and Beijing. Clifford added that they will be launching services in Shanghai, China early next year. He added, “Hopefully within the first six months, depending on Beijing’s traction.”
In Singapore, iCarsClub has over 1,000 registered cars with 200 of them installed with the technology which unlocks the car for rental. Teo noted that there are now over 5,500 registered drivers and 2,000 of them ready to rent a car. As for Beijing, they have about 50 cars right now, which were made ready before the official launch. However, there has been significant growth after making the service available yesterday, he added.
Cars only have to be installed with the iCarsClub technology once, and drivers can unlock the cars from their mobile phones. For each transaction, the company will take 30 percent of the fee and pass the remainder to the car owner. Proper insurance is also put in place to make sure that cars on the platform are all covered.
What will PPzuche mean for the car rental market in China? For one, it will reduce the existing pile of paper work users have to complete in order to rent a vehicle. Teo said, “As a peer to peer car sharing company, we will also provide more variety and better coverage in the different parts of Beijing, making it more convenient for people to rent cars. In time to come, we will definitely overtake the traditional rental companies in terms of fleet size, as our model is extremely scalable. This will give renters a bigger pool of cars to choose from.”