Maven, General Motors’ personal mobility brand, has branched out yet again. On Tuesday, the service announced it will launch peer-to-peer car sharing, which will allow owners of GM vehicles to rent their cars out when not in use.
Called Peer Cars, the new service lets the owner of a 2015 or newer Chevrolet, Buick, GMC or Cadillac vehicle share their car with a fellow Maven member. Maven said the service is available to all owners and eligible lessees. It’s unclear how rates will work and how much an owner can make by renting out their vehicle.
“Your car is one of the most expensive things you own. Sitting idle, it is a wasted asset,” said Julia Steyn, vice president, General Motors Urban Mobility and Maven. “It’s time to put your car to work. Maven’s peer-to-peer offering is a smart way for owners to offset their vehicle investment.”
Members can begin listing their cars for Peer Cars now on the Maven website and the service has entered a beta period in Chicago, Detroit and Ann Arbor. All vehicles listed through Peer Cars will be covered by a $1 million insurance policy and GM reiterated that every Maven member is thoroughly vetted before approval to share a car.
Maven will announce additional cities to launch Peer Cars this fall.