The Swedish Chamber member Lynk & Co takes the lead in car sharing, as a part of their strive towards sustainable automobility. Read their full press statement of the exciting news from November 14, 2023.
“Revolutionizing Sustainable Transportation: Lynk & Co Takes the Lead in Car Sharing
To the mobility company Lynk & Co, car sharing is fundamental. While traditional automakers flood an already saturated market, Lynk & Co’s approach is simple and future-facing: Car Sharing.
In a society where the average car stands still 96 percent of the time, Lynk & Co has recognized the opportunity for change. Through Lynk & Co’s award-winning app, they empower every 01 owner and subscriber to safely share their car with others and earn money in the process. The idea is that cars can and should be used more efficiently, increasing the access to mobility for all, without adding new vehicles to already congested urban spaces.
“Car sharing isn’t just a service – it’s about enabling mobility and committing to sustainability, says Alain Visser, CEO of Lynk & Co. It’s our way of revolutionizing the very essence of car ownership, paving the way for a more sustainable and inclusive tomorrow, one ride at a time.”
Alain Visser CEO Lynk & Co
Sharing is deeply rooted in Lynk & Co’s DNA, and every 01 comes pre-equipped with integrated car-sharing technology. In every sense, they are built to be shared. Lynk & Co is committed to reshaping the landscape of car ownership, using its creative car-sharing program to drive the industry forward into a new era of mobility.
Lynk & Co’s Car-Sharing Community Booms with 1.5 million Hours of Shared Mobility
Lynk & Co is dedicated to fostering a community centered around car sharing for the long-term. To ignite this community, it’s been crucial to develop an easy-to-use interface that provides incentives for lenders beyond just reducing carbon footprint. All bookings and transactions are simply and securely conducted through the user-friendly app, and all shared cars are fully insured by Lynk & Co. Since its launch, the interest in car sharing has steadily increased each year, leading to Lynk & Co’s cars collectively being shared for a promising 1.5 million hours until October 2023 – truly transforming idle time into valuable shared mobility experiences.
You Share, You Earn – shifting focus from the car to the people
Sharing isn’t just about caring, it’s a money-maker too. In the last 12 months, Lynk & Co’s car lenders earned 850,000 Euros from sharing their cars. Each month, more and more Lynk & Co subscribers are now covering their monthly fees with money made from sharing – emphasizing that at Lynk & Co, the people steer the change, not just the cars. Lynk & Co Car Sharing in Europe–
By the Numbers
Lynk & Co cars have been collectively shared for over 1.5 million hours, and the total number of carsharings has exceeded 18,000.
16% of Lynk & Co’s B2C customers are actively using car sharing, with car bookings increasing by 136% in the last 12 months.
In the last year alone, Lynk & Co’s car lenders earned 850,000 Euros from sharing their cars.
The Netherlands is the leading market for car sharing, with an impressive 22% of car owners actively participating in vehicle sharing programs.
The lenders are able to set their own hourly prices, with the lowest average price found in Sweden (9 Euros/hour) and the highest in Italy (30 Euros/hour).”