Sir Stelios set to launch car club with founder of lastminute.com

EASYJET’S Sir Stelios Haji-Ioannou has joined forces with lastminute.com founder Brent Hoberman to launch a new car-sharing business.

The Car Club website will allow car owners to rent out their cars when they are not using them, while also allowing hirers to rent cars closer to home at potentially cheaper prices than a conventional car rental company.

The new venture would run alongside the Greek entrepreneur’s car brokerage business easyCar, which operates in over 60 countries and made profits of £822,000 last year.

Hoberman will invest in the business through the venture capital firm PROfounders Capital and will also take a seat on the board.

Sir Stelios said cars would be fitted with a automated car entry system, plus a tracker system for exra security.