""It's gonna sound crazy, but the secret sauce is not raising hundreds and hundreds of millions of dollars to build something that can be a powerful marketplace," Sher said."
""Hey, we're just going to do this ourselves," he thought at the time, after being disappointed by Musk's unmet promises."
"Sher revealed that Zevo has a wait list of more than 3,500 customers, largely without any marketing efforts."
"Some 90% of people using Zevo to rent an EV are doing so to ferry passengers on Uber or Lyft, or make DoorDash deliveries."
Hebron Sher founded Zevo, a peer-to-peer car-sharing platform specializing in electric vehicles, after becoming disillusioned with Elon Musk's unfulfilled promise of Tesla robotaxis. Launched in 2021 with co-founder Saimah Chaudhry, Zevo offers a unique approach by rejecting large VC funding, allowing it to operate under a sustainable model. The Dallas-based startup raised $6 million in funding and boasts over $8 million in annualized recurring revenue, with a high demand driven by gig workers. Zevo has grown rapidly, acquiring a wait list of over 3,500 customers with minimal marketing.
Read at TechCrunch
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