In addition to its current operation in Toronto, Canada, Autzu is expanding in the U.S. in stages: San Francisco in July, Los Angeles in September or October and New York City by either the end of this year or early 2024, according to Gabriel.
The plan is to offer around 500 vehicles in each location, scaling each location to target initially around 5% of the market size—so we have one vehicle per two or three drivers,” Gabriel explained. Every car is a Tesla Model 3. Autzu leases them from various commercial fleet companies for about $4,000 a month and clearing about $1,000 on each one, according to Gabriel.
About 20,000 rideshare drivers are already registered with Autzu, creating the increasing demand necessitating the company’s aggressive expansion moves, Gabriel said.