Take a look at what is shaken out in the
world of ipos startups and beyond. On this Friday
, one start up shaking things up is UFO Drive
. The company says it aims to disrupt the car
rental industry. The company offers an all digital,
all electric car rental service controlled from an app and
says it now operates in 10 major US markets after
opening its first US operation in San Francisco in August
of last year. Well, joining me now is
Aidan mclean, co founder and CEO of Drive Aidan
. Thanks so much for coming on the show on
this Friday. Thank you for having me this evening
. All right. So talk to me more about
how your company is trying to shake up this car
rental space. Yeah. So UO Drive as you
pronounced it in Europe started really from my own personal
frustration with car rental. You know, I'm sure
many listeners and viewers have had the same experience of
waiting in line not getting in the car. You
want, you know the paperwork, the key,
etcetera. We wanted to completely offer a radically better
car rental experience uh really to be industry, beating
in terms of user experience, which is what we've
done. UO Drive is now the highest the car
rental experience in the world. And we achieved that
by a complete digital experience. So it's arrive and
drive in two minutes. Everything is controlled from an
app. There are no lines, there are no
paperwork, there is no cube, a key collection
. There's no pushy insurance or pushy fuel options.
You simply arrive at your electric car, use your
smartphone and drive away. Ok. For our viewers
in the US watching. Which markets is it available
in? Yeah. So as you said earlier in
your introduction, we launched just in August last year
in San Francisco. We're now in New York,
Chicago, Boston, Austin, Miami. I'm sure
we're missing a few there but 10 major US cities
uh in, since August last year. And we're
also in 25 locations in Europe in all major cities
in Europe, Aidan. How easy is it to
call or rent one of these vehicles? Do people
need to book in advance or can they simply do
a day off both book in advance or turn up
and and book the car within two minutes in your
smartphone. The entire registration user verification, the insurance
options, everything is all with your phone, you
simply tap top, open the car and drive away
. Ok. Let's talk about prices here, obviously
, inflation very much in focus for consumers trying to
save right now. What's the average price point for
a user. Well, it depends on what time
of the year, what time of the week and
what time you, you, you rent and for
how long you rent. So for example, a
multiday week rental, it will be up to less
than 50$50 per day for a Tesla Model three
, for a Tesla Model Y a little bit more
expensive. And with other models like pole star and
other exciting E V S coming on stream. I
think people might be looking at the app. We're
showing some video imagery a of the app right now
. You're calling it UFO. I called it UFO
, but we'll take your cue. There also looks
like UFO Drive. Is there a play on words
here in the name of the company? It is
UFO Drive for English mother tongue. But I,
I'm actually an Irish man living in Luxembourg for the
last 12 years and continental Europeans pronounce uh you,
so I have gone native and call it drive.
You can call it what you like, but it
is, it is UFO Drive, this UFO Drive
Drive, uh aidan mclean. We appreciate the time
. Very cool stuff. Aidan is the co-founder and
CEO of UFO or UFO Drive, whatever you wanna
call it.