HiGear is a peer-to-peer carsharing or luxury car sharing club. It allows luxury, exotic and sports car-owners to rent out their vehicles on a short-term basis, via their website.
The service launched in San Francisco in August 2011 and later in October 2011 it expanded to Los Angeles. HiGear founded by Ali Moiz and Murtaza Hussain by raising $1.3 million in seed funding from BV Capital, Battery Ventures, 500 Startups, and angles including Zipcar investor Craig Sherman and Kevin Chou, also HiGear is announcing a new product called “Swap Club,” which will allow its existing car owners the opportunity to swap cars among each other in exchange for HiGear points.
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