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A rental system for everyday objects
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- About Company
Usitoo
A rental system for everyday objects
Label Date
March 28, 2019
By
Usitoo
From
Belgium
Maturity stage
TRL 9 / CRI 2 - Commercial Trial Small Scale
Book, pick, use, bring or send back! Usitoo intends to ease sharing of most objects used less than 10 times a year. Typical categories include sport equipment, cooking, gardening, partying sets, DIY tools, car equipment and leisure equipment. Key operating principles: Usitoo works primarily by having a wide library of objects that it manages in its own warehouses. As users become members of Usitoo, they benefit from a unique account in the platform and a wallet of Usi-points that they accumulate via their monthly member fees or prepaid cards. These points are then spent to rent objects. Users can determine when and where the pickup/dropoff of the object will take place. Usitoo offers a unique software platform with an easy interface for its users to manage their wallets and book their objects, while also preparing all the the information needed by Usitoo to perform its service.
The Environmental Benefits
- •700 kg of non renewable resources avoided per Usitoo member on average.
- •4000 kg of CO2e (CO2 equivalent) avoided per Usitoo member on average.
The Financial Benefits
- •Members can cover their yearly needs while saving up to 2 000 USD per year.
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Company Profile
Usitoo
Who has never dreamed of borrowing rather than buying objects that are used twice a year and that clutter attics ?
Headquarters
1070, Belgium
Type
Startup or self-employed
Networking Partner
EIB Institute
The EIB Institute was set up within the EIB Group (European Investment Bank and European Investment Fund) to promote and support social, cultural, and academic initiatives with European stakeholders and the public at large. It is a key pillar of the EIB Group’s community and citizenship engagement.
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20
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator Usitoo has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.