Sign up Australia
Proactive Investors - Run By Investors For Investors

Collaborate Corporation launches corporate car rental business

Collaborate Corporation launches corporate car rental business

Collaborate Corporation’s (ASX:CL8) peer-to-peer car rental business DriveMyCar has launched a new product offering for corporate customers.

The launch of DriveMyCar: Business follows rapid growth in the number of vehicles the company has available for rent nationwide.

It taps into private and company fleet vehicles that are under-utilised and sitting idle in garages and carparks around Australia.

As the company does not own any of the vehicles, prices are up to 62% lower than traditional car rental firms.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.





Register here to be notified of future CL8 Company articles
View full CL8 profile View Profile

Collaborate Corporation Timeline

Related Articles

picture of truck
October 25 2017
AMP acquired Billingtons from Drax for £2mln. Of that, £1.6mln is being paid in shares to give the power station operator just over a 4% stake
shutterstock_302650592_58dc0a99d5fca.jpg
March 30 2017
This week the firm has bolstered its coffers to the tune of over $20mln via a now closed bought deal financing.
pioneering_tech_-__smart_burner_-_woman_hands_fire.png
May 18 2017
In 2016, Pioneering's market capitalization increased by 1,170% and its share price appreciated by 725%.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use