Peer-to-Peer Car Sharing in Singapore with iCarsClub

October 8, 2013 by  
Filed under Insights

iCarsClub-unlock

iCarsClub is the first company in Singapore to provide a peer-to-peer car sharing scheme, where car owners can rent out their cars to drivers looking for temporary use of a car without having to own one.

Eddy Zhang, CEO and Co-Founder of iCarsClub, shared more about his company in this interview:

Why did you start iCarsClub? Were you influenced by the concept of Collaborative Consumption or the Sharing Economy?

iCarsClub-logoCars parked for days underutilized is both a waste of money and space. In addition to the land transport problem that Singapore currently faces, COE prices hitting the $90,000 mark means many car-owning dreams will be shattered.

We do want to make better use of the cars that are not on the road, saving our members money and doing our small bit to help the planet in the process. Furthermore, Singapore serves as a very good test bed for iCarsClub due to its strategic location and safe environment. Read more

Peer-to-Peer Renting in Singapore with Rent Tycoons

October 8, 2013 by  
Filed under Insights

Rent-TycoonsRent Tycoons is the first company in Singapore to provide a peer-to-peer renting platform for individuals and businesses to rent items to/from each other.

Fenni Wang and Swito Yuber, Co-Founders of Rent Tycoons, shared more about their company in this interview:

1) Why did you start Rent Tycoons? Were you influenced by the concept of Collaborative Consumption or the Sharing Economy?

We believe that a majority of people own more things that they actually need and it is evident in each household – a number of useful items sitting around idle in the storage room, etc. In the long run, such items become a form of clutter that fills up the house or get discarded eventually. Our initial idea was to give life to those idling items and reduce wastage!

The concept of Collaborative Consumption/Sharing Economy definitely resonates with Rent Tycoons. It is evident in our corporate vision: Collaborative consumption is a way of building environmentally sustainable communities. Our mission is to help people make money, save money and be green effortlessly! Read more

Slides for Collaborative Consumption in Singapore

April 23, 2013 by  
Filed under Insights

We presented on Collaborative Consumption in Singapore at Ecosystem’s first sharing session on Earth Day 22 Apr, together with companies, Rent Tycoons and iCarsClub.

We shared with the community at Ecosystem about Collaborative Consumption, which refers to the idea of sharing that is empowered by technology and social networks. Sharing also covers renting, swapping, lending, trading, exchanging, bartering, and gifting.

Here’s our presentation slides on Die Die Must Share – Collaborative Consumption in Singapore:

Die Die Must Share – Collaborative Consumption in Singapore

April 9, 2013 by  
Filed under Insights

Join Ecosystem on Earth Day this 22 Apr for their first sharing session and learn more about Collaborative Consumption! Ecosystem is a new collaborative and coworking space for the environment.

Ecosystem has invited 3 speakers to share on Collaborative Consumption, which refers to the idea of sharing that is empowered by technology and social networks. Sharing also covers renting, swapping, lending, trading, exchanging, bartering, and gifting.

1) Collaborative Consumption in Singapore

by Eugene Tay, Co-founder of Ecosystem and Director of Green Future Solutions

Eugene will speak on the emerging trend of Collaborative Consumption, and share examples of companies involved in Collaborative Consumption in Singapore.

Visit http://www.greenfuture.sg/

2) Rent Tycoons

by Swito Yuber, CEO of Rent Tycoons

Rent Tycoons is the leading online peer-to-peer rental marketplace in Singapore with over 11 product categories. The idea is to harness value out of idling capacity and empowering individuals to participate in this green effort. Collaborative consumption takes the center stage in this business and the corporate mission is to enable individuals to make money, save money and be green effortlessly!

Visit http://www.renttycoons.com/

3) iCarsClub

by Jamie Wang, Co-founder and Director of iCarsClub

iCarsClub is an online marketplace that allows car owners to monetize their “free” car time through its car sharing scheme. Drivers who want to rent out their car when it’s free can do so, and those in need of a car nearby can find one. The platform creates a win-win situation by both lowering the costs of owning a car for owners, and rentees can also have the luxury of driving a car when the occasion arises without shouldering the burden of owning one.

Visit http://icarsclub.com/

If you’re attending this sharing session, register your attendance at the Ecosystem Facebook event page.

Exploring New Green Consumption Trends – LOHAS and Collaborative Consumption

December 15, 2011 by  
Filed under Insights

A global green revolution is gaining momentum and changing how people consume and how businesses operate. This generation of business leaders and companies will face new challenges but the green revolution also present exciting business opportunities.

Over the past few years, we came across several new green consumption trends. In particular, there are two new trends that we think would be emerging but important trends affecting businesses and consumers in the coming years. The two new green consumption trends are LOHAS and Collaborative Consumption.

LOHAS

LOHAS stands for ‘Lifestyles Of Health And Sustainability’ and is a marketing term that originated in 2000 in the United States to describe a group of consumers who are environmentally, socially and health conscious, and believes in a lifestyle that benefits both people and planet. The LOHAS concept quickly spread to Japan, and then to Taiwan and South Korea.

We believe that LOHAS is an important trend because it goes beyond “green” consumers and looks at the converging market of consumers who are interested in the environment, health and fitness, personal development, sustainable living, and social justice.

In 2009, a Singapore-based social enterprise, Asia-Pacific LOHAS, was set up to promote LOHAS in Singapore and the region. Asia-Pacific LOHAS aims to educate millions of consumers in Asia that consumption can be done in a better way and to help facilitate the growth of the LOHAS business community to serve these consumers.

Asia-Pacific LOHAS also conducted the first LOHAS research study in 2009 with the Natural Marketing Institute based in the United States. The study surveyed more than 18,000 consumers across ten Asia-Pacific countries – Australia, China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, and Thailand. This research provides an in‐depth survey of the LOHAS consumer, the general consumer, and marketplace. The results of the LOHAS study for the Singapore market show that 15% of the consumers in Singapore are LOHAS consumers.

Collaborative Consumption

Collaborative Consumption refers to the trend of sharing that is empowered by technology and social networks, and how it changes consumption and the way businesses operate. Sharing also refers to renting, swapping, lending, trading, exchanging, bartering, and gifting.

The term Collaborative Consumption was first described in 2010 in the book What’s Mine Is Yours: The Rise of Collaborative Consumption by Rachel Botsman and Roo Rogers. Other resources with similar ideas on sharing include the book The Mesh: Why the Future of Business is Sharing by Lisa Gansky and the Shareable website.

We believe that Collaborative Consumption is an important trend because consumers are realising that they can share rather than buy more stuff. This is motivated by greater environmental awareness and cost consciousness, the proliferation of mobile peer-to-peer technologies and social networks, and the need to be part of a community.

Some local examples of companies involved in Collaborative Consumption include MyRideBuddy and Waste is not Waste. MyRideBuddy is a dynamic and real time carpooling solution in Singapore, which matches users near common start and end points so that they can share a car ride together according to their convenience and preferences. It allows individuals to benefit from the convenience of the car without owning one, while reducing costs and the problems of congestion and air pollution.

Waste is not Waste (WINW) is an online waste exchange for businesses and organisations in Singapore and Malaysia. WINW facilitates the exchange of waste materials and unwanted items from companies and organisations that no longer need them to businesses, non-profit organisations, designers and schools that can utilise those waste. This reduces waste and keeps valuable resources out of the incineration plants and landfills while helping companies save time, money and reduce their environmental impacts.

The emerging but important trends of LOHAS and Collaborative Consumption offer new ways of looking at consumers and consumption behavior. It is up to businesses to explore these 2 trends and potential business opportunities that may arise.

Next Page »