Ep7 Car Sharing – A Solution For Unused Cars

For many Malaysians, we are greatly dependent on our cars to move around. In fact, it was reported in 2022 there are approximately 22 million cars on the road. No wonder we’re always experiencing horrible traffic jams all the time. However, it is also worth noting there are also 11.3 million cars that are dormant or inactive. There seems to be a big mismatch. It is time for a car sharing solution.

With ride hailing cars and the improvement of the public transportation, it is not surprising that many are opting not to buy any new cars. This has increasingly become common especially in the urban areas. Imagine having a platform that could solve the underutilisation of cars and provide a bit of extra income for the owners , while supplying quality cars for rent to the public.

This was exactly what had happened with our next guest, Nik Muhammad Amin. Back in his uni days when a friend of his asked to borrow his idle car. This accidental discovery sparked the development of one of the leading tech startups in the car rental industry, Moovby. Having grown to a reliable level, with over 1,000 bookings nationwide, car owners are able to rent their idle car out on an hourly basis. Sometimes earning enough to cover the monthly car loan.

Not only that. Due to the crowd-sourcing nature of this business, the public gets to select a wide range of cars available to rent. Imagine driving a MyVi to town one day, then perhaps balik kampung with a Volkswagen, the next. For big families, there’s a selection of vans and SUV’s to choose from for the holidays. There’s a rumour that someone has even rented out their Lamborghini. Talk about a car sharing solution.

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Don’t worry. They’ve taken great care of insuring the car owners, the users, as well as themselves. Everyone is safe.

So what did Nik do develop this idea into what it is now? Sure, we all have ideas but most end up like the cars at home, idle. In this episode, Nik shared his valuable insights on what made it possible for him to take this idea and execute it into realisation. He offered tips for budding entrepreneurs and we also dug into the future of the transportation industry.

You’ll be sure to enjoy this episode. Nik believes greatly the potential of the sharing-economy we’re currently living in. When everyone comes together, great things could happen.

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