Questions

Yesterday, ParkFlyRent's crowdfunding campaign was successfully completed. Via the Symbid platform, more than € 195,000 was invested by 163 crowdfunders. With these new investors, we have all the ingredients to quickly grow our existing locations at Schiphol and Eindhoven Airport so we can be ready for international rollout and we can become profitable! 

We will do that by increasing the awareness of carsharing at the airport, realizing partnerships with travel-related companies and optimizing the utilization rates of the rental cars. This way we will realize our mission to make travel affordable, sustainable and social.

ParkFlyRent is a carsharing platform that, in combination with travelers, makes mobility more social, sustainable and affordable by using existing, idle cars. 

  • It offers travelers free parking spaces at Schiphol and Eindhoven Airport. During their trip, ParkFlyRent rents the cars to other travelers. Parents save on average € 160 per holiday and tenants rent a car with a story for about 25% less than the famous brands. 
  • With every 26 cars, one new rental car will be replaced, saving 17 tonnes of CO2 and 12,500 Kwh. 
  • Unlike other carsharing platforms, ParkFlyRent takes care of all the "hassle" of carsharing: finding renters, insurance, car cleaning, mileage registration, damage registration and handling of traffic fines etc..

Yes!! We just passed the investment target of €150.000 on the Symbid crowdfunding platform, with the support of more than 110 crowdfunders. Just in 1 week!

We are humbled by the enthusiastic response and full energy to bring our Vision of "making travel affordable, sustainable and social, 1 shared car at the time" to life. 

With these investments we can generate more awareness about airport carsharing: more free parking near the airport and more affordable rental cars near Schiphol and Eindhoven Airport. 

For more information about our plans and the financial potential, please follow this link.  

You can join the crowdfunding campaign here: https://www.symbid.nl/ideas/8067-autodelen-op-het-vliegveld

When I tell people that I'm very much into sharing, I get many positive and intrigued looks. Frequently people ask 'sharing, why bother'?

Basically, I find that sharing allows me to exchange physical objects into memorable experiences. Because it always involves positive human interaction. And while you can have too many things, it is impossible to have too many positive experiences.

A short while ago I had the pleasure to tell about my perspective on sharing at Tedx Amsterdam, this time focused on car sharing: finding a better, more pleasant & more sustainable way to park and rent cars at airports.

Together, we can reduce the need for the production of new rental cars while reducing the public space dedicated to car parking.

If you would like to comment, or have any questions for me, please feel free to drop me a line via Niels[at]parkflyrent.com This email address is protected against spambots.

If you are aware of carsharing, you probably are familiar with a claim that goes like this:

Most people in transportation focus on the five percent of the time that cars are moving. But the average car is parked 95 percent of the time."

The question is: where does this number come from? A post by Paul Barter offers 3 sources that all point to 95% idleness. If you have more recent data points, please let me know!

Data point 1: based on the number of cars, the number of car trips and the average time duration of car trips:

UK report on parking put out by the RAC Foundation uses this method based on data from the UK National Travel Survey (NTS) (see p.23):
"... there are about 25 billion car trips per year, and with some 27 million cars, this suggests an average of just under 18 trips per car every week. Since the duration of the average car trip is about 20 minutes, the typical car is only on the move for 6 hours in the week: for the remaining 162 hours it is stationary – parked."

Datapoint 2: Based on time drivers spend driving (from transportation surveys) and assuming one car per driver.

If your local travel survey spits out a number for time spent driving then you can use that directly for a rough estimate.

In the 1995 Nationwide Personal Transportaton Survey (NPTS) of the US Department of Transportation shows that the average time drivers spent driving was 73 minutes (1.2 hours). Assuming one car per driver (which is roughly OK probably for the US context), this gives 5% as the time each car is in motion.

Datapoint 3: Using car kilometres per car and overall average speeds

The average time each car is in motion is the car km per year divided by the average speed.

Let's look at the 1995 UITP Millennium Cities Database numbers using this method. The average percentage of time that cars were parked for the 84 cities in that study was 95.8%. They were typically in motion for 1.02 hours per day.

His conclusion?

It highlights a crucial inefficiency of mass private car ownership. It points towards huge parking space savings (an enormous land bank) that shifts away from mass car ownership might open up, if only we could massively improve the alternatives including making car-sharing and other 'metered access to shared cars' (MASC) more of a mass market phenomenon”. And we agree completely.

Would you like to explore how we could reduce the cost of cars standing idle for you? Please contact us via b2b@parkflyrent.nl

or call us at +31-(0)20-2616008

Note: Picture 'car parks' is taken by eGuideTravel.com and is used under Creative Commons licence

Until I founded ParkFlyRent, I did not have much experience in the automotive industry. Since then, I've always wondered about how much focus there is on cars while they move: how much CO2 it emits, whether it should be a diesel or a hybrid, the costs per km, which Tesla or VW would match the image that the company aspires to? However, the amazing fact is that a car is only running 5% of the time! Clearly, there is a huge opportunity for improvement: being 95% idle only adds unnecessary costs.

How can we help to reduce costs of idle corporate cars?

We noticed that there are two friction points when we can offer leasing companies and employers help to significantly reduce the costs of standing idle by deploying cars more efficiently:

  1. First, when an employee leaves the company and the fleet manager asks the car leasing company 'now we do not need that car, we surely end that contract, I suppose?". Which of course rarely is free of charge. In this case we can offer an alternative to storing idle cars in dusty sites or pool cars without users: we rent out these cars to carefully selected travelers and pay for the mileage, which contributes to a reduction by 50 % or more of the costs associated with being idle
  2. The second moment is when employees often travel for business and the company gets frustrated with airport parking costs of € 43 per day. Then we could step in and offer the employee a free parking with full service near the airport. If we can rent the car well, the employee (or employer, depending on the agreement) also share in the rental income.

Disruptors in huge markets

With these services, we are a disruptor in a huge market. But how big is this market exactly?

  1. The car rental market in Europe accounts for €10.7 billion turnover per year, of which more than half is airport-related.
  2. Spending on corporate lease cars in Europe is more than €180 billion per year; every 1% downtime thus represents a 1.8 billion opportunity loss.

Ways of working

Our ways of working make ParkFlyRent a reliable and valued business partner for more and more players in the enterprise mobility market. This is due to our extensive damage registration and fast damage claims handling, our Bovemij insurance policy, flexible agreements on how to share the rental revenues and simply excellent personal service. The risks of your cars being involved in an accident is extremely low, in our experience. Finally, we also help other entrepreneurs to build a better future themselves by sharing with them 10% our profits through the Wakibi Foundation (in Dutch).

hat is why we regularly are awarded with prizes: we have won the ANWB Sustainable Mobility Award, and recently the Athlon Smart Mobility Award.

Would you like to explore how we could reduce the cost of downtime for you? Please contact us via b2b@parkflyrent.nl

or call us at +31-(0)20-2616008

 Note: Picture 'car parks' is taken by eGuideTravel.com and is used under Creative Commons licence