The ‘Airbnb of RV Rentals’ just raised $100m+

RVShare just raised $100m+, becoming the latest RV startup to ride a trend turbocharged by the pandemic.


October 22, 2020

This year’s hottest vacay isn’t a plane ticket to some faraway beach — it’s a road trip in a recreational vehicle.

This boost in interest is great for companies in the space: RVShare — dubbed the “Airbnb of  RV Rentals” — has seen a 16x increase of rental traffic on its platform since April.

The startup just raised $100m+ on the back of exploding interest

According to TechCrunch, RVShare isn’t the only one getting on the action:

  • Outdoorsy — which has 68k rental units, including RVs, motorhomes, and camper van trailers — has raised a total of $88m
  • Cabana merges #vanlife and hotels (it has raised $3.5m)
  • Kibbo is “turning RV parks into a photo-worthy version of the hashtag vanlife”

The RV life was trending before COVID

A previous Trends report did a teardown of Equity LifeStyle Properties (ELS), the largest RV campground owner in America.

Per ELS, several macro tailwinds are supporting the industry:

  • Through 2030, 10k boomers will turn 65 every day, providing a robust customer base for RVs.
  • Millennials and Gen X combined have also grown to represent more than half of RV buyers.

Want to hear more? Try Trends for $1.

Daily briefings, straight to your inbox

Business and tech news in 5 minutes or less

Join over 1 million people who read The Hustle

Psst

How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.