The sharing economy has many benefits for society, the environment, and individuals. Also, it’s good business. Car sharing is still one of the largest sectors in the UK even though its revenue dropped by almost 25% in 2020. Urban mobility solutions such as car sharing, bike sharing, and scooter sharing help reduce carbon dioxide emissions and offer affordable transportation options. Workspace sharing can help freelancers, solopreneurs, and small startups to find cheap offices. The UK is one of the global leaders in alternative finance which allows users P2P lending options through digital platforms.
Travellers around the world are finding more budget-friendly or luxury accommodations via services like Holiday Lettings, Homestay.com, or One Fine Stay that are a few alternatives to AirBnB based in the UK. COVID-19 outbreak surely hit the startups in sharing economy sector. Some of the biggest companies such as Uber, Lime, AirBnB, and WeWork went through massive layoffs and downsizing. Whilst the general landscape seems to be pessimistic, even made us ask ourselves “is it the end for the sharing economy,” sharing economy sectors are looking for ways to recover during and post-pandemic world. HairFare is making sure that Hair and Beauty professionals grow their networks and recover much faster, in a more efficient way with solidarity. Joos (formerly ChargeBolt) offers covid-safe power bank stations.
There are many different sectors that are adapting to stabilise their business during the pandemic and recover to start growing -some of them are already growing- after the pandemic.
Explore the top Sharing Economy companies & startups in London! Discover more about what is sharing economy; analyze the top companies’ business models and services.