BMW Relaunches Car Sharing Efforts in U.S.

ReachNow will call Seattle its home

Writer

A fleet of 370 vehicles will take part in the launch of BMW's "ReachNow" car sharing service in Seattle. By the end of 2016, BMW will expand the car sharing network beyond Seattle to three additional cities.

How does it work? Customers can download the ReachNow app and book the closest available car in BMW's fleet. When they're finished with the car, they simply return the car to any legal parking space on the street. ReachNow will also offer long-term car rentals, car sharing for residential and corporate groups, and car deliveries at a specific location. Buyers can also choose an Uber-style service and book a car with a driver.

The initial fleet will include BMW i3, BMW 3 Series, and Mini Cooper vehicles. The service charges drivers $0.49 for each minute the vehicle is used and $0.30 for each minute the vehicle is parked. Rates cap out at $50 for up to 3 hours, $80 for 12 hours, and $110 for a full day. These prices include insurance, fuel, and even parking at public meters on the street.

BMW isn't new to car sharing. In 2011, the automaker launched a service called DriveNow, and by 2012, a fleet of shared electric cars roamed the streets around the San Francisco Bay Area. But in November of last year, BMW suspended the service in San Francisco, effectively halting its car sharing efforts in the U.S. The DriveNow operation is still ongoing in Europe.

BMW has named Seattle as the official headquarters for ReachNow. Over time, the automaker wants to expand the service to 10 cities across North America. BMW joins General Motors, Ford, and other automakers with a clear car sharing strategy.

Source: BMW

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