HiyaCar closes £2.5m

HiyaCar is starting to change car ownership and usage through P2P car hire. It has created a service that allows car owners to generate income by renting out their cars to a vetted community of drivers, saving them time, money and hassle. Industry estimates suggest cars are unused 95% of the time.

Hired vehicles are covered by insurance firm AXA and made easy to collect by HiyaCar’s keyless technology (a UK first in P2P) meaning owners and drivers don’t need to meet. The Company has also launched the UK’s first B2B P2P solution, saving UK Councils up to 25% of their car budget by using their employees’ cars.