Autzu

Overview
News
Shared Mobility?
Product stageSegments
Minimum Viable Product
?
Car sharing
?

Autzu is a San Francisco-based mobility technology company focused on providing sustainable transportation solutions through a shared fleet of electric vehicles (EVs) for rideshare drivers. The company's primary offering is an hourly rental service that allows rideshare drivers to book Tesla Model three EVs for periods ranging from six to twelve hours. By replacing internal combustion engine vehicles with emission-free Teslas, Autzu aims to reduce the carbon footprint of the rideshare industry significantly.

Autzu's business model involves leasing Teslas from various commercial fleet companies and renting them out to rideshare drivers at USD seven per hour, covering insurance, maintenance, and parking costs for the driver's personal vehicle during the rental period. The company generates approximately USD 4,000 in revenue per vehicle, with USD 1,000 in associated vehicle costs (as of 2023).

The choice of Teslas as the exclusive EV offering is strategic, leveraging the automaker's robust external charging infrastructure, enabling drivers to conveniently charge their vehicles at Tesla Superchargers during their shifts.

Through its expansion to major cities like San Francisco, Los Angeles, and New York City, Autzu aims to reduce CO2 emissions significantly. For instance, the company plans to deploy 500 vehicles in San Francisco and 1,000 vehicles in Los Angeles, resulting in a combined CO2 emissions reduction of 44,160 metric tons per year (as of 2023).

Autzu has already made a significant environmental impact by reducing CO2 emissions by 3,024 metric tons through its operations in Toronto and New York City.

Autzu's long-term vision extends beyond EV ridesharing to encompass the mass deployment of autonomous for-hire vehicles (robo-taxis) worldwide. The company aims to establish centralized hubs for autonomous fleet management, maintenance, and recharging, optimizing fleet utilization and minimizing congestion.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
1161 Mission St. San Francisco CA USA
Founded year:
2016
Employees:
11-50
IPO status:
Private
Total funding:
USD 12.4 mn
Last Funding:
USD 10.0 mn (Debt Financing; Nov 2020)
Last valuation:
-
Funding data powered by Crunchbase
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