Splend

About

Splend provides tech-enabled, all-inclusive vehicle subscriptions and a five-year path-to-ownership for on-demand rideshare drivers, handling fleet administration, operations and EV deployment across Australia and the UK.

Mission

Splend is an Australian rideshare fleet operator. The company was one of seven startups featured in a fortnightly funding round-up that collectively raised $45.6 million. Splend secured another $20 million investment from the Clean Energy Finance Corporation (CEFC). That latest injection brings the total amount Splend has received from the government-backed CEFC to $40 million. The article frames the funding as an investment and does not provide additional operational or financial metrics. Splend is a tech-enabled financing platform launched in 2015 that provides all-inclusive vehicle ownership products targeted at on-demand rideshare drivers. Its core offerings include a Flexi Own subscription plan that provides a path to ownership over five years and short-term rental contracts. Splend targets electrification of rideshare fleets and estimates full-time drivers could earn about $200 a week net more driving an EV than an ICE vehicle. The company reports that rideshare drivers can cover as much as 60,000 kilometres a year and that Splend drivers make on average 400 customer trips per month. CEFC support has already boosted Splend’s EV fleet by some 500 cars in less than six months, and Splend has committed to sharing data on battery performance and resale values to help fleet operators and financiers. The company aims to grow its EV fleet to accelerate Australia’s transition to sustainable transport and reduce transport-sector emissions. Splend is a technology-enabled platform (launched in 2015) that offers all‑inclusive vehicle subscriptions targeted at on‑demand rideshare drivers in Australia and the UK. Its turn‑key solution handles admin, provides flexible short- and long-term subscriptions, and positions the company as Australia’s largest vehicle subscription provider for rideshare drivers. Splend has rolled out EVs (initial 500 in Sydney starting Q4 2022) and describes itself as the single largest EV operator in Australia; its EVs have travelled over 6.2 million kilometres and saved roughly 1,000 tonnes of CO2 tailpipe emissions to date. The company is fast‑tracking a transition to green mobility with a global fleet target of 10,000 EVs by 2024 and has helped thousands of customers across Australia and the UK. The business is expanding its EV fleet to meet high‑kilometre rideshare demand and aims to double its EV count to about 1,000 vehicles by the end of the year.

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