Member Profile: Sway Mobility
Company Name: Sway Mobility
Location: Cleveland
Industry: Mobility
What We Do:
Sway offers a carsharing platform that makes it easy to create a branded carshare offering that meets the unique needs of our clients. Our shared electric vehicles are ideal amenities for multi-family properties, office buildings, hotels, or other private locations in mid-size cities.
What’s a Trend You’re Seeing/Prediction for the Future:
We expect personal car ownership to dwindle as the cost of purchasing cars and burden of maintaining cars continues to accelerate. We also expect autonomous vehicles, re-urbanism, and technologies like vehicle-to-grid (V2G) and vehicle-to-everything (V2X) to fundamentally alter mobility and transportation options.
A Problem/Challenge We Are Working To Solve:
Insurance is a challenge for shared mobility solutions, as traditional insurance companies are not in the business of financing very short-term coverage. We hope that the traditional models change and Machine Learning and other technologies evolve such that shared mobility solutions can thrive in a fiscally responsible manner for the insurance company, the shared mobility provider, and ultimately the customer.
Your Company Slogan:
Boutique Carsharing as an Amenity
Why is Ohio is a great place to do business?
Sway is focused on providing mobility solutions in mid-size cities, and Ohio has some great markets for our product. There is also a dogged determination and “in this together” attitude within in Ohio that allows companies to succeed.