August 2011

Congratulations to the team at RelayRides, the world’s first neighbor-to-neighbor carsharing service – last week they announced that Shasta Ventures and sharing economy expert, entrepreneur and “The Mesh” author Lisa Gansky joined Google Ventures and August Capital in boosting the company’s total Series A.2 funding to $10 million.

RelayRides also announced they are expanding throughout San Francisco and Boston proper, enabling more people to choose access over ownership.

One of the key differences in RelayRides neighbor-to-neighbor car sharing service is that it not only provides a $1 million per transaction insurance policy to car owners, but also provides security technology to give owners the assurance that their car won’t end up in the wrong hands.

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