Riders Share
| Company type | Private |
|---|---|
| Industry | Motorcycle rental, Peer-to-peer rental |
| Founded | 2018 in Los Angeles, California, United States |
| Founder | Guillermo Cornejo |
| Headquarters | Austin , United States |
Area served | United States |
Key people | Guillermo Cornejo (CEO) |
| Products | Motorcycle rentals, Rider Pass subscription |
| Website | ridersshare |
Riders Share (officially RidersShare, Inc.) is a peer-to-peer platform for motorcycle rentals headquartered in Austin, Texas. The service links motorcycle owners with verified renters by utilizing machine learning technology for rider verification, supplying insurance coverage for owners, and delivering roadside support.
By the year 2021, Riders Share had cultivated a user base exceeding 80,000 registered members, with more than 15,000 individuals actively renting motorcycles via the platform. Their selection features prominent manufacturers such as BMW, Ducati, Harley-Davidson, Indian Motorcycle, and Can-Am.
The organization aims to increase motorcycling accessibility by allowing owners to monetize their motorcycles and assisting over 20 million former riders across the United States in getting back on the road.
History
Established in 2018 by CEO Guillermo Cornejo in Los Angeles, California, Riders Share functions similarly to peer-to-peer services like Airbnb and Turo.
In 2020, the company moved its main office to Austin, Texas, and obtained $2 million in funding led by LiveOak Venture Partners. Prior investment rounds raised $970,000 from Texas HALO Fund, Edgebrook Partners, Techstars, and individual investors.
In 2021, Riders Share launched Rider Pass, an annual subscription that provides frequent renters with reduced rental costs.
Insurance
Riders Share manages its own insurance entity that uses machine learning algorithms to determine insurance pricing for each motorcycle rental. The company collaborates with Lloyd's of London to offer liability protection for renters.