Two of the UK’s leading mobility companies at the forefront of the sharing economy, YourParkingSpace.co.uk and hiyacar, have announced a ground-breaking new partnership.
YourParkingSpace.co.uk is the UK’s fastest-growing parking technology provider, listing thousands of empty driveways and parking spaces that can be pre-booked. hiyacar is the UK’s longest trading peer-to-peer car-sharing platform and allows car owners to make money by renting their vehicles to a vetted community of drivers, currently with more than 120,000 members.
The agreement will further grow both businesses by improving customer offerings as it will allow YourParkingSpace.co.uk customers to monetise their vehicle, when it is not being used, through hiyacar. Equally, hiyacar customers will be directed to YourParkingSpace.co.uk if they require parking during the course of their car rental, enabling them to save money on parking.
As well as cost-saving, the partnership also highlights the money-making opportunity that is available in the sharing economy, namely the exchange of services and goods between two people and which has previously been estimated as being worth £8 billion in Great Britain. For instance, YourParkingSpace.co.uk customers made £21 million in 2020 by renting out their vacant driveways to motorists needing somewhere to park.
Harrison Woods, CEO at YourParkingSpace.co.uk, said: “This new partnership will see a seismic shift in the sharing economy as two of the UK’s torchbearers come together.” Meanwhile, hiyacar customers who listed their cars on the website could often make an average of £400 per month with some owners earning more than £800 a month in high demand areas.
Co-founder and CEO of hiyacar, Graeme Risby, said: “Our partnership with YourParkingSpace is the perfect fit for our members and will help accelerate the growth of the sharing economy.”
YourParkingSpace is the UK’s fastest growing parking technology provider, operating the UK’s leading on-demand consumer marketplace alongside its suite of B2B parking solutions digitalising parking assets and transforming them into connected mobility hubs. The business processes thousands of advance and on-demand parking reservations daily across the UK, generating £42.5million for its clients to-date. Its 65,000 space providers range from individual driveway owners through to household names such as Premier Inn, Tesco and Morrisons. YourParkingSpace has been placed 86th in the Tech Track 100, the UK’s fastest growing technology companies, and 547th in the FT1000 annual list of Europe’s fastest-growing companies.
About hiyacar: hiyacar is the longest trading UK based peer to peer car hire platform that allows car owners to make money renting their cars to a vetted community of drivers. The average vehicle is parked on average 96% of their lifetime, hiyacar enables private vehicle owners to list cars for free and rent them to a local community of drivers whilst providing drivers with access to a car, when and where they want one. Hiyacar is a CoMo UK accredited car club & is the only platform in the UK that offers access to both peer-to-peer and traditional return to base car club vehicles with no membership fees.