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    The Sharing Economy Titan Shows No Signs of Slowing Down

    The tech company Freetrailer Group that operates in the sharing economy has achieved strong growth in the second quarter of 2023/24, with a 34.6% increase in rentals compared to the same period last year. 

    The company now has 4,530 rental products across 1118 locations. Freetrailer has also entered into agreements for 115 new trailers to be delivered in Q3, which will help the company achieve its goal of having more than 4,600 rental products by June 30, 2024.

    “The launch of MobilePay, enhanced user experience, and continuous growth in the number of rental products have been key drivers of Freetrailer’s growth in the first half of the fiscal year 2023/24, where we achieved a total of 590.836 rental,” says Nicolai Frisch Erichsen, Group CEO.

    He continues:

    “We have developed an ambitious plan for the further development of our booking platform in 2024, which will optimize our service for both partners and customers. With this foundation, we are looking towards 2024 with great optimism.”

    Key points:

    • Freetrailer achieved 272,441 rentals in the period October to December 2023, which is a 34.6% increase compared to the same period last year.
    • The company now has 4,530 rental products across 1,118 locations.
    • Freetrailer has entered into agreements for 115 new trailers to be delivered in Q3.

     

    This information is gathered from: https://mfn.se/cis/a/freetrailer-group/freetrailer-reports-34-growth-in-rental-figures-in-q2-afa5457e

    David Zingmark
    I'm a passionate individual dedicated to shining a spotlight on incredible companies. My goal is is to uncover stories by telling the most complex operations into simplified words, empowering you as a reader to gain better insights and make informed investment and/or business choices.

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