KUALA LUMPUR, Sept 7 — TREVO, an app-based people-to-people (P2P) car-sharing unit of SOCAR Mobility Malaysia, is embracing the vision of the National Transport Policy 2019-2030 to involve public participation and stakeholder engagement in the development of transport initiatives.
The car-sharing platform is the first company to embrace the Ministry of Transport’s call for mobility service providers to submit proof of concept (POC) research, and has kicked off a multi-phase POC exercise from August 2020 to August 2021.
It seeks to demonstrate the sustainability of P2P car sharing in Malaysia and to strengthen its viability, Trevo said in a statement today.
“The POC aims to identify areas for improvement, including challenges and gaps in the system that may be revealed as the car-sharing community grows, such as insurance coverage needs and other safety and security measures, regulatory and licensing frameworks, and areas of possible ambiguity.
“These would enable a safe and efficient car sharing marketplace,” it said.
SOCAR Mobility Malaysia chief executive officer Leon Foong said it is important to innovate ways to generate revenue and create value in asset ownership.
“This is especially true in today’s economic climate, with the unemployment rate at 4.9 per cent in June and approximately 773,200 people out of work, not forgetting those hit by reduced working hours and pay cuts.
“More Malaysians can benefit from optimising their cars to generate income, which can cover auto loans and maintenance costs. Those working from home can also list idle vehicles to generate supplemental income,” he said.
Trevo offers a platform to connect users (guests) and car owners (hosts), allowing guests to book any car which fits their mobility needs and enabling hosts to earn extra income to offset the cost of car ownership.
Car owners can supplement up to 85 per cent of their car loans just by sharing their car on Trevo for a minimum of 10 days monthly.
They can choose their own pricing as long as it falls within the pricing band provided by the Trevo algorithm.
— Bernama
