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Hebron Sher daydreamed in 2019 about Elon Musk’s promise of Tesla’s cars becoming robotaxis to make money for owners. When Musk failed to deliver, Sher started Zevo, a peer-to-peer car-sharing startup focused on electric vehicles. With $6 million in funding, Zevo is expanding in major U.S. cities, attracting gig workers who rent EVs. Sher believes Zevo’s success lies in rejecting VC capital, focusing on EVs, and offering a contactless process. The platform sees a median rental of 80 days, allowing hosts to earn back 35-65% of their car’s cost in a year. Despite Tesla’s upcoming robotaxi service, Sher is confident in Zevo’s disruption of the car-sharing industry.
