Company Overview and News
Collaborate Corporation Ltd’s (ASX:CL8) DriveMyCar business unit has launched the RACV DriveMyCar website, its first product in collaboration with RACV in Victoria.
Collaborate Corporation (ASX:CL8) will add 105 new 2018 model Subaru XV vehicles for rental through its DriveMyCar platform in September 2017.
Collaborate Corporation’s (ASX:CL8) shares traded higher yesterday after securing a strategic investment of $1 million from the Royal Automobile Club of Victoria (RACV).
Collaborate Corporation (ASX:CL8) has been granted a trading halt by the ASX, pending details of a strategic investment.
Collaborate Corporation’s (ASX:CL8) DriveMyCar business unit is on track to deliver another quarter of strong growth, with a number of sales records broken before the end of the March 2017 quarter.
Collaborate Corporation (ASX:CL8) is expanding the fleet size of its DriveMyCar rental service with the addition of 101 Subaru Impreza 2017 model vehicles.
Collaborate Corporation Ltd’s (ASX:CL8) shares were last trading about 17% higher for the day, after launching a rental car offering for UberX driver-partners in Brisbane and Melbourne. The company's move into Brisbane was made possible by the state of Queensland making ride-sharing legal from today. Victoria legalised ride sharing last month. Collaborate’s DriveMyCar ride-share rental offering for UberX driver-partners was launched in July 2016 in Sydney and the initial uptake has been very strong.
Collaborate Corporation Ltd (ASX:CL8) has opened a new market for its vehicle rental service with an agreement to advertise these to UberX ride share driver/partners through Uber Marketplace. Car owners are using the Collaborate platform to generate income from under utilised vehicles. While UberX is a portal operated by Uber which advertises vehicle solutions to prospective uberX driver-partners. Collaborate’s DriveMyCar business unit will start advertising ride share vehicle rental services to uberX ride share driver-partners on the Uber Marketplace.
Collaborate Corporation Ltd (ASX:CL8) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare. The halt will remain in place until the opening of trade on Wednesday 4th May 2016, or earlier if an announcement is made to the market.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton