Seeking expansion and growth, innovative RV rental company, Wallabing, (https://wallabing.com/ ), invites investors to be part of its mission to transform and streamline the recreational vehicle landscape for owners and renters with the launch of its Wefunder campaign, (https://wefunder.com/wallabing).
By investing in Wallabing, supporters can contribute to the future of RV travel and unlock a world of possibilities on the open road.
"Owners make more, renters pay less" is the simple but powerful concept at the core of the Plano, Texas-based company's forward-thinking business model. Wallabing is a peer-to-peer RV rental marketplace connecting RV owners, renters, travelers, and wandering adventurers alike.
Think of it as where wanderlust meets opportunity. Or providing RV enthusiasts an open road to revenue, adventure, and peace of mind.
Bringing owners and renters together in a platform providing value for each has fueled Wallabing's rapid growth since launching in 2021. Through leveraging its unique team of 164 independent consultants able to assist owners and renters in 32 states, the company has increased its inventory by 682% in six months.
Wallabing has experienced a 162.9% increase in users over the past year, mostly through word of mouth. Also, since recently launching two new marketing campaigns, the company has had a 2,000-3,000% spike in average daily users and is now seeing between 400-600 new users daily.
The company was also recently honored as a 2023 semi-finalist in Pepperdine's Graziadio Business School's Most Fundable Companies List. During its initial funding round, Wallabing raised more than $1 million from friends and family and is looking to ramp up investment to meet the growing interest in the emerging company.
"With the infusion of additional investor funding, we will have a clear runway to exponentially expand our user base through targeted marketing efforts. This will enable us to extend even greater savings to our customers," said Jason Carlson, founder and CEO of Wallabing.
He further emphasized, "At Wallabing, our unwavering focus is to simplify the RV renting experience, providing transparency, affordability, and a rewarding journey towards your unforgettable destination. Wallabing redefines vacations, making them more exhilarating, enjoyable, accessible, and budget-friendly than ever before."
Getting the most out of their RVs remains a long-time dilemma faced by many RV owners. Despite the growing popularity of RVs and outdoor travel, industry experts cite there are more than 54 million parked RVs at any given time, worldwide.
Verified Market Research indicates that the rental market for RVs is on the rise, projected to reach $810 million by 2028.
Additionally, demand for RV ownership continues to grow, with 500,000 to 1 million households showing interest annually, and an estimated 20.5 million households planning to purchase an RV in the coming years.
A recent survey of America's leisure travelers also found that 77 million Americans are planning on going RVing this summer.
"We aim to reach out to both bread-and-butter fleet owners and individuals who may have reservations about purchasing an RV or are daunted by the untapped financial potential of their parked assets," Carlson said.
Carlson added that RV owners are frustrated with complicated fees and a lack of customer service from Wallabing's industry competitors and are looking for a change.
"Wallabing provides RV owners with an all-inclusive platform that eliminates fees, ensures comprehensive insurance coverage, offers roadside assistance, and conducts thorough DMV checks. As for renters, we prioritize unbeatable value and transparent pricing. Leveraging our unique network of independent consultants and the efforts of our dedicated cold callers, we have achieved remarkable traction with minimal financial investment. Additionally, considering the average annual earnings from individual RV rentals hover between $12.5-$35K, there exists a lucrative market opportunity for Wallabing through our rental fee commission model. It may be simple, but it signifies a billion-dollar industry."
The top benefits and features of the Wallabing platform include:
- Owners make more and renters pay less - Wallabing charges a low 10% fee based solely on the nightly rate, ensuring owners maximize their earnings. The company's competitors charge their fee based on the nightly rate and add-ons, making the trip much more costly.
- Best User Experience -- Wallabing's platform is designed with ease of use in mind, offering a seamless experience for both renters and owners.
- Free for Owners - Wallabing does not charge any fees to list or rent RVs, providing a hassle-free experience for owners.
- Best protection - Renters are required to purchase comprehensive insurance coverage, including liability and physical damage, ensuring peace of mind for both parties.
- Giving back - Wallabing donates 10% of its net revenue to charity, looking to make a positive impact alongside its business operations.
- Mobile App: Wallabing offers a convenient mobile app for easy RV pickup and drop-off.
- DMV checks and 24/7 Road Assistance: Wallabing ensures the safety of its users by conducting DMV checks on all renters and providing round-the-clock roadside assistance.
- Customization and Ongoing Support: RV profiles can be fully customized, and Wallabing provides ongoing customer support.
As the world has emerged from the pandemic, the interest in RV travel has surged, offering a safe and flexible option for travel and exploration. Remote work opportunities have further contributed to the rising demand for RVs.
"Not only do people want to get out and travel more post-pandemic, but it also redefined working - specifically allowing for remote workers in almost any career field. Additionally, traveling in an RV offers the opportunity to travel but still limits the number of people you interact with, making it a great option for high-risk individuals who still choose to isolate at various times," Carlson said.
He added that many communities are already feeling the effects of the recent economic slowdown and RVs offer a cost-effective means to continue to vacation.
Carlson's passion for the RV lifestyle and desire to improve the industry is deeply rooted in his personal experiences.
Fondly recalling his childhood RV trips, Carlson said, "RVing was special to our family because of the experiences we shared. I want to bring those experiences to more people who long to explore but feel they can't afford it. The travel industry is changing, and we have more opportunities now. So go wander, see something new, and you may realize that you never want to vacation any other way again."
Wallabing was created out of Carlson's determination to offer a simplified, transparent, and value-oriented experience for RV enthusiasts.
Carlson said when he and Mary Carlson, company founder and chairman of the board, took an extensive look at the industry, they realized their competitors' options were complicated, convoluted, and flawed with excessive and hidden fees.
Although they didn't have specific RV industry experience, Wallabing's management team has been able to bring relatable skills and expertise to the business ranging from customer service, management, and consulting to more technical areas such as development, marketing and SEO optimization, and financial modeling.
"Our team has all the necessary experience for startup success and growth. Our team's skills work in tandem to create a dynamic and powerful ability to meet challenges and pivot as needed," Carlson said.
You can also check out the company's YouTube video here: https://www.youtube.com/watch?v=GoB9yBw7rPo
