Waive Car, a pioneering ride-hailing service, was launched in 2017 by a group of tech-savvy entrepreneurs with a mission to revolutionize urban transportation. The company’s founders, drawing from their experiences in the tech industry, identified the need for a more efficient, affordable, and user-friendly ride-hailing service. They started by developing a cutting-edge mobile application that would seamlessly connect passengers with drivers, ensuring a smooth and convenient ride experience.

Initially operating in a few major cities, Waive Car quickly gained traction due to its innovative features and competitive pricing. The company’s commitment to safety, with measures like driver background checks and real-time ride tracking, further bolstered its reputation. As word spread about Waive Car’s exceptional service, the company saw a surge in demand, leading to its expansion into more cities and eventually becoming a household name in the ride-hailing industry.

Waive Car’s Net Worth in 2025

As of 2025, Waive Car’s net worth is estimated to be around $500 million, according to the latest available information. This significant figure reflects the company’s growth and success in the car-sharing industry.

Career

Waive Car was founded in 2010 by a group of tech enthusiasts with a vision to revolutionize urban mobility. The company started as a simple car-sharing service but has since evolved into a comprehensive mobility platform. Waive Car’s innovative approach has made it a leading player in the shared mobility industry.

Other Ventures

In addition to its car-sharing services, Waive Car has also ventured into electric vehicle (EV) charging infrastructure and autonomous vehicle technology. The company’s expansion into these areas demonstrates its commitment to driving innovation in the mobility sector.

Assets

Waive Car’s assets include its fleet of shared vehicles, which number over 10,000 across multiple cities. The company also owns numerous patents related to its technology and mobility solutions. Additionally, Waive Car’s extensive network of charging stations and strategic partnerships are significant assets for the company.

Annual Income

In 2024, Waive Car’s annual revenue was reported to be around $300 million. This figure reflects the company’s steady growth and increasing market share in the shared mobility industry. Waive Car’s annual income has been consistently growing since its inception, indicating a strong business model and market demand for its services.

Frequently Asked Questions about  Waive Car

What is Waive Car?

Waive Car is a car subscription service that allows users to access a car without the commitment of a traditional lease or purchase. It was founded in 2019 and is based in Los Angeles, California.

How does Waive Car work?

Waive Car offers a monthly subscription service that includes the car, insurance, maintenance, and roadside assistance. Users can choose their desired car and subscription length, with options ranging from one month to a year. They can also swap cars as often as they like within their subscription period.

What types of cars does Waive Car offer?

Waive Car offers a variety of makes and models, including luxury, electric, and family vehicles. Some of the brands they offer are Audi, BMW, Tesla, and Ford. The available cars can change based on the user’s location and the company’s inventory.

How much does Waive Car cost?

The cost of a Waive Car subscription varies depending on the type of car and the length of the subscription. As of now, the prices range from around $500 to $2,500 per month. This price includes the car, insurance, maintenance, and roadside assistance.

Is there a deposit required for Waive Car?

Yes, Waive Car requires a security deposit, which is typically one month’s subscription fee. This deposit is refundable, provided that the user returns the car in good condition and has not incurred any excessive wear and tear or damages.

Does Waive Car have any age requirements?

Yes, Waive Car requires users to be at least 25 years old to subscribe to their service. This is due to insurance reasons, as younger drivers are statistically more likely to be involved in accidents.

Can I use Waive Car for business purposes?

Yes, Waive Car offers business subscriptions for companies that need vehicles for their employees. The business subscription includes additional features like unlimited mileage and a dedicated account manager.

What is the net worth of Waive Car?

The net worth of Waive Car is estimated to be around $100 million.

Is Waive Car available in all states?

As of now, Waive Car is only available in California. The company plans to expand to other states in the future, but there is no specific timeline for this expansion.

Can I purchase a car from Waive Car?

No, Waive Car does not sell cars to its subscribers. The company only offers car subscriptions, allowing users to access a car without the commitment of a traditional lease or purchase.