Tech Pitch: RideLink
We meet the founders of the international app which lets you make money - and help the environment - by renting out your car
Company name: RideLink
Founders: Alexander Stevenson (37), and Robert Bruce (38)
Background: Stevenson has an MBA from MIT and has previously worked for Microsoft and Bain and Company. Bruce is a qualified chartered accountant and has held positions at Citi Group, Lehman Brothers, and Lloyd’s Banking Group.
Based in: Offices in London, Berlin, and Barcelona
Very simply, what does your tech start-up do?
- RideLink lets regular people rent their personal cars to others.
- Owners make money from an underused asset, helping their community to be more mobile, and reducing the number of cars that are purchased.
- Renters find great cars near them, with no rental counter lines, and with a much larger selection of vehicle makes and models at amazing prices.
Tell us why there’s a need – what do you disrupt?
Traditional rental car companies make money by catching renters with extra fees and frustrating last-minute add-ons.
With RideLink, insurance is included, and you see the full amount of the rental when you book and pay – no surprises, no travelling to a far-away car lot, no fixed hours for pick-up and drop-off.
Just great cars when you need them, courtesy of your friendly neighbours.
Are you funded?
We’ve taken one round of venture funding, and are raising another round now.
What were you doing before starting?
We were were close friends for decades before starting a business together.
Stevenson: I have a Master’s in Computer Science from the University of British Columbia, and an MBA from MIT. I worked for Microsoft and management consulting firm Bain and Company before leaving to found RideLink in early 2015.
Bruce: I have a Bachelor of Arts in Economics from the University of British Columbia, and qualified as a chartered professional accountant before moving to London and working in financial services. I held positions at Citi Group, Lehman Brothers, and Lloyd’s Banking Group before founding RideLink.
What’s the best thing about where you’re based?
Online collaboration has made running a business across multiple offices not only possible for small companies, but even practical. We love that we can pull the best talent from multiple cities, yet still feel like a big family despite working from multiple locations.
Meanwhile, the team loves that they have the flexibility to work out of a different city for a week and, in some cases, have even moved offices to gain international work experience.