RVShare had a fundraising round led by KKR, a global investment firm, that gained them over $100 million in growth capital as well as RVshare gaining access to KKR’s global network and resources.
RVshare is a peer-to-peer RV rental company where people can rent an RV to go camping, exploring, relaxing, and more. It was founded in 2013 and is currently leading the RV rental marketplace.
The RVShare platform boasts over 100,000 RVs for consumers to choose from ranging from vans and campers to luxury motorhomes of almost any size and capacity. They have towables as well as independently motorized vehicles so people without a towing hitch or fifth wheel hook ups can rent from their site.
RVshare Raised $100M+ in Growth Capital
A PR News Wire article quoted RVshare’s CEO Jon Gray as stating:
“At RVshare, our mission is to expand the definition of travel, providing a unique, seamless experience that will allow travelers to build lifelong memories with loved ones. I am very proud of our employees and thankful to our customers for helping build RVshare into the market leader it is today – and we are only at the beginning of where our business can go. This financing and the support of KKR’s global platform positions us well to invest in future growth and provide the best experience for our owners and renters.”
At the Rideshare Guy, we’ve reviewed RVshare and shared with you the process for posting your RV or renting an RV from this service. Check out “How Does RVShare Work? RVShare Review 2020.”
On the RVshare website, they even have a section on “Destinations our Renters Love” with a list of recommended camping spots and the average cost to stay there per night. There’s even a rental guide to help those unfamiliar with RVs choose which RV option is best for them. Customers can explore by state or rentals by city.
We’ve also reviewed Harvest Hosts, a competitor of sorts with RVshare. Harvest Hosts boasts a conglomeration of free places to camp for a night at a time all over the U.S. and Canada. They charge an annual membership fee to have access to these free lodging locations where campers must have an RV to stay there for the night. Free overnight locations include farms, breweries, museums and other attractions.
With the $100+ million in capital gained with this fundraising round, RVshare has a firm hold in the top spot of the RV rental marketplace and is poised to continue growing and expanding their capabilities.
Readers, have you ever rented an RV or rented out an RV on RVshare? Would it be something you’re interested in?
-Paula @ RSG