San Mateo Startup and 2009 Make Maker Faire Editor’s Choice Award Winner, Returns to Maker Faire 2010 With Flying Colors

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Rentalic is a fast growing online rental marketplace that enables individuals or businesses to post and rent out their everyday household goods; electronics; sporting goods; camping and outdoor equipment, party and event equipment; and pretty much anything they own.

Rental-In-Community - The Fast Growing Online Rental Marketplace

Our fast growing rental marketplace enables people to make money, save money, and be green

Legions of DIY (Do-It-Yourself) fans will be descending onto the annual Maker Faire in the San Mateo County Event Center on May 22-23. For, a San Mateo based startup, the Faire has extra significance and is deeply rooted to the company’s short history. Rentalic first publicly introduced its concept of person-to-person renting at the Maker Faire last year and walked away with the coveted Make Maker Faire Editor's Choice Award and hundreds of enthusiastic supporters. Since the 2009 Maker Faire, Rentalic has gone from an idea to a cutting edge website with thousands of users spanning 96 cities and 26 states across the US.

Rentalic is an innovative online rental marketplace that enables individuals or organizations to post and rent out their everyday household goods; electronics; sports, camping and event equipment; and services to their communities and neighborhoods. The website’s proximity-based search feature allows users to narrow their rental search to items located nearby. If someone can’t find what they’re looking for, they can use the “Request an Item” feature to post a virtual want-ad for their local communities to provide assistance in locating the requested goods. Currently, the largest rental community on Rentalic is in San Francisco followed by San Mateo and Oakland.

Rentalic's philosophy of "Rent. Share. Be Green." fosters reuse and sharing of goods, thereby reducing a community’s carbon footprint while enabling owners of goods to make money and borrowers to save money. “Buying new products only continues to exacerbate the worldwide problem of increasing landfill waste. We want people to get on the bandwagon and start to curb their consumption through reuse,” said Punsri Abeywickrema, Founder and CEO of Rentalic.

In March 2010, Rentalic won first place in the PayPal X Developer Challenge innovation competition for its cutting edge rental transaction process and the superior technology platform. This cutting edge rental transaction process introduces a unique secret security code that the borrower must provide to the owner to verify that he/she is the person who reserved the rental goods. A great additional convenience is that the security code can be validated instantly with a mobile phone during the meeting of the owner and borrower – even from a remote location without access to a computer. After validation of the secret code, the payment is transferred from the borrower to the owner’s PayPal account, and the owner is then given the “OK” to commence with the exchange of rental goods with the borrower.

Rentalic has garnered the attention of major media, such as The Boston Globe, Treehugger, the Consumerist, CNet, O’Reilly, Wired, Mashable, etc. Rentalic is also listed as a community resource for recycling and waste reduction in San Mateo County's RecycleWorks and Sustainabilty Hub websites.

To prepare for the Maker Faire this weekend, Rentalic will be renting goods from its website to use as display items and equipment for its booth. Rentalic will be exhibiting at booth 113 (inside the Main Expo Hall) at the Maker Faire from May 22-23.

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Samantha Chen
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