Tag Archives: Riders Share

Riders Share Will Pay You to Buy More Motorcycles

Riders Share Ride Pass review motorcycle rental subscription service

Riders Share is providing owners the opportunity to cash in on their motorcycles and the perfect excuse to buy another.

Riders Share, the largest motorcycle sharing marketplace, announced today that it would pay an extra $250 to owners who list an additional 2015 or later model motorcycle and perform three rentals with it before October 14, 2021.

According to Riders Share, the motorcycles and vehicles that perform the best on the platform are adventure bikes, especially BMWs, Ducati Monster and Scrambler models, Harley-Davidson Road and Electra Glides, Indian Chieftains, Challenger and Roadmasters. Can-Ams and Urals are also very popular. They suggest researching the platform in your local market for pointers on which late model motorcycles are currently underrepresented, and therefore the most likely to meet the three rentals deadline.

Riders Share also has a referral program, which allows users to provide $50 in free credits to friends to allow them to experience the site and book their first rental, thus streamlining the opportunity to get paid for owning a motorcycle.

Riders Share Will Pay You to Buy More Motorcycles

“Historically, purchasing a motorcycle hasn’t been viewed as a good investment, but we are aiming to change that with the Riders Share platform,” said Guillermo Cornejo, CEO of Riders Share. “We have helped many of our users turn their motorcycles into incredible financial investments, returning as much as 2,800% in 3 years by listing their motorcycles and utilizing the peer-to-peer platform. Riders Share users have been able to start businesses based on the volume rentals they are performing on the platform. It truly is the power of the peer-to-peer platform.”

I can report, from first-hand experience, that this is more than just marketing hype. I recently rented a 2021 BMW R 1250 GS through Riders Share and was surprised to find that the owner of the bike I rented, one of the early adopters on the site, had subsequently built a fleet of 28 motorcycles. He also explained that he managed to pay off his first two bikes in just two months and is considering giving up his IT business to focus on Riders Share.

Riders Share is the world’s largest peer-to-peer motorcycle marketplace platform. Their mission is to match underutilized motorcycles with vetted riders. They provide an insurance policy for owners and roadside assistance coverage for renters. With over 100,000 registered users, Riders Share offers the largest variety of motorcycles available to rent in the world. For more information visit: riders-share.com

The post Riders Share Will Pay You to Buy More Motorcycles first appeared on Rider Magazine.
Source: RiderMagazine.com

Riders Share Adds Off-Road Motorcycle Rentals

Riders Share Peer to Peer Motorcycle Rentals ADV Dual Sport
Photo by Drew Ruiz

The largest motorcycle sharing marketplace, Riders Share, now offers rentals of adventure and dual-sport motorcycles on the peer-to-peer platform. If you’re planning some summer motorcycle adventures, now is the time to try a new or different motorcycle.

Riders Share offers rentals of the newest models from BMW, Ducati, Honda, Husqvarna, Kawasaki, KTM, and Yamaha. The motorcycles can be rented on a one-off basis from the site or utilizing the Rider Pass subscription, an industry-first monthly subscription for discounted rides across the motorcycle rental marketplace.

RELATED: Riders Share Launches Rider Pass Subscription for Motorcycle Rentals

With more than 985 million acres of public land and nearly 500,000 miles of trails in the United States, the adventure opportunities are endless for riders when they choose Riders Share to help them explore country. The Riders Share rental service is usually much more affordable than renting from outfitters or other retailers, making consumers’ adventure and travel plans much more feasible and reasonable.

Riders Share Peer to Peer Motorcycle Rentals ADV Dual Sport
Photo by Drew Ruiz

“We are really excited to be able to offer adventure and dual-sport motorcycle rentals on the platform, especially since the adventure motorcycle market is one of the fastest growing segments,” said Guillermo Cornejo, CEO of Riders Share and an avid motorcyclist. “There is something uniquely American about getting out on a motorcycle and exploring nature, so we are happy to help make it more attainable for users across the country.”

Riders Share is answering the call of consumers by adding the adventure category to the site, which includes any street-legal motorcycle capable of off-road travel. Following the Covid spike in off-roading, many dealers and regional outfitters simply don’t have the inventory to be able to offer rental services. On average, Riders Share is 50% less expensive than renting from dealerships and outfitters when they do have inventory or options available.

Recognized as an industry-leader in terms of vehicle selection, marketplace members, and low cost, Riders Share is establishing itself as the go-to source for adventure and dual-sport riders across the country and continuing to help more motorcyclist get outdoors and explore.

For more information, visit riders-share.com.

About Riders Share

Riders Share is the world’s largest peer-to-peer motorcycle marketplace platform, matching underutilized motorcycles with vetted riders that want to rent them. Riders Share leverages machine learning to vet riders, provides an insurance policy for owners, and offers roadside assistance. With over 100,000 registered users, Riders Share offers the largest variety of motorcycles available to rent in the world, all while providing a superior experience for renters and an extra source of income for owners.

The post Riders Share Adds Off-Road Motorcycle Rentals first appeared on Rider Magazine.
Source: RiderMagazine.com

Riders Share Launches Rider Pass Subscription for Peer-to-Peer Motorcycle Rentals

Riders Share Ride Pass review motorcycle rental subscription service

Riders Share, the largest motorcycle sharing marketplace, has announced that bikers can now pay a monthly subscription for discounted rides across the motorcycle rental marketplace. The Rider Pass subscription pricing plan is an industry-first service for peer-to-peer rentals designed to spur growth and motorcycle ridership as the economy rebounds.

  • Rider Pass subscription service provides 35% discount for rides booked on Riders Share marketplace for a $24 monthly fee
  • Service includes free motorcycle rental delivery up to $50
  • Perfect for trying multiple bikes, for frequent travelers and for riders who can’t commit to a single motorcycle
Riders Share Ride Pass review motorcycle rental subscription service

Launched in 2018 by CEO and avid motorcyclist Guillermo Cornejo, Riders Share has powered over 100,000 registered users in its motorcycle rental community, and over 15,000 people have shared their motorcycle on the platform. The company was part of Techstars Los Angeles ’19, and is backed by Texas-based LiveOak Venture Partners and other institutional investors.

The average price for renting a motorcycle on Riders Share is set by the owners of the bike and is typically around $100 a day including insurance — much more affordable than other motorcycle rental alternatives. Now, with the Rider Pass subscription, users will receive an additional 35% off the total price in exchange for a monthly rate of $24.

Riders Share Ride Pass review motorcycle rental subscription service

“We believe subscriptions are key to continued growth in peer-to-peer rentals,” said Cornejo. “There’s an entire market of twenty million plus riders who are bikeless; our goal with subscription services is to provide an economic re-entry point to stimulate responsible ridership across the country.”

Motorcycles are notoriously underutilized in the U.S. On average, motorcycles are used four times less often than cars, which has a significant effect on the total cost of a motorcycle trip. In fact, for the large number of motorcyclists that ride under 40 days per year, each trip requires an average of $190 in ownership costs.

Riders Share Ride Pass review motorcycle rental subscription service

“Peer-to-peer rentals typically cost up to 70% less than brick-and-mortar motorcycle rentals. With our new subscription offering, we’re now able to further reduce this cost, giving people that can’t commit to motorcycle ownership a viable alternative,” said Cornejo.

Riders Share has been recognized as an industry-leader in terms of vehicle selection, marketplace members and low cost. While COVID made a significant impact on travel in general, Riders Share is beginning to see new records in transactions.

Riders Share Ride Pass review motorcycle rental subscription service

“Our mission is to encourage safe motorcycling by making it more affordable,” said Cornejo. “We felt the time was right to further diversify our pricing model and help people create new mobility habits as our cities start moving again.”

The Rider Pass subscription model is only available for riders over the age of 25 and with a FICO score over 700. Free delivery is included up to $50. The base monthly subscription price is $24 with a 12-month term, or $22 per month if prepaid in advance.

For more information, visit riders-share.com.

About Riders Share
Riders Share, is the world’s largest peer-to-peer motorcycle marketplace platform, matching underutilized motorcycles with vetted riders that want to rent them. Riders Share leverages machine learning to vet riders, provides an insurance policy for owners and offers roadside assistance. With over 100,000 registered users, Riders Share offers the largest variety of motorcycles available to rent in the world, all while providing a superior experience for renters and an extra source of income for owners.

About LiveOak Venture Partners
LiveOak Venture Partners is a venture capital fund based in Austin, Texas. With 20 years of successful venture investing in Texas, the founders of LiveOak have helped create nearly $2 billion of enterprise value. While almost all of LiveOak’s investments begin at the Seed and Series A stages, LiveOak is a full life cycle investor focused on helping create category-leading technology and technology-enabled service companies headquartered in Texas. LiveOak Venture Partners has been the lead investor in over 30 exciting high-growth Texas-based companies in the last seven years including ones such as CS Disco, Digital Pharmacist, OJO Labs, Opcity and TrustRadius.

The post Riders Share Launches Rider Pass Subscription for Peer-to-Peer Motorcycle Rentals first appeared on Rider Magazine.
Source: RiderMagazine.com