WILMINGTON, NC; November 3, 2015 – KWIPPED Inc., a startup online B2B equipment rental marketplace, which went fully operational this spring, has grown it’s supplier network to nearly 250 companies and has assembled an impressive customer portfolio including major universities, fortune 500 companies, and government agencies. KWIPPED.com facilitates a highly efficient equipment rental process by enabling businesses and organizations that need to rent equipment to easily connect with a global network of suppliers that rent their equipment through the site. KWIPPED’s platform facilitates and automates the entire rental process encompassing quoting, scheduling, insurance, security deposits, contract execution, shipping and payment management.
KWIPPED currently rents a wide range of specialized commercial equipment in more than 500 equipment categories across 17 different industries including: medical and laboratory, audio-visual, construction, surveying, film production, and oil and gas. Since May 2015, KWIPPED’s suppliers have uploaded over 3,000 pieces of equipment to the marketplace. “We are seeing impressive adoption by both large and small organizations and have active rental contracts out to March,” says Robert Preville, founder and CEO. “We have collected the proof-of-concept for our business model and are now working to implement the building blocks required to scale up our business.”
KWIPPED’s versatile equipment rental offerings have quickly attracted a variety of enterprise businesses. Registered KWIPPED users include: The Coca Cola Company, Sherwin-Williams, The United States Navy, Under Armor, Michigan International Speedway, BASF, Leica Geosystems, General Dynamics, Boston Scientific and The US Forest Service.
“Companies and organizations that need rental equipment often face roadblocks that can hinder project turnaround and even hurt profits,” says Preville. “From time wasted on inefficient sourcing, to limited availability, to a lack of trust between involved parties, the challenges of renting equipment can be overcome with a platform like KWIPPED.”
KWIPPED has received significant interest from universities, often within medical and lab departments that need temporary access to equipment for research projects. Universities, which are registered KWIPPED users include: UCLA, The Ohio State University, The George Washington University, Oklahoma State University, University of Illinois Chicago, University of Colorado Boulder, University of Rochester, The University of Tennessee Chattanooga, University of South Carolina and University of Florida.
The Company has served a variety of unique customer needs. “Rental contracts have included defibrillators for a NASCAR event, high-end microscopes for Sherwin-Williams, fume hoods for George Washing University and laboratory equipment for Coca-Cola,” says Preville. “We see demand for equipment rentals to satisfy a variety of needs including short-term applications, inadequate capital equipment budgets, R&D projects, temporary replacement of broken equipment, and hands-on training requirements.”
KWIPPED, Inc. developed and maintains the world’s first comprehensive B2B online rental marketplace. KWIPPED technology streamlines sourcing from a global network of equipment rental suppliers, reduces risk, assures quality and facilitates trusted relationships between renters and suppliers. The Company aims to maintain a trusted marketplace for professionals to locate, discover and rent specialized equipment for commercial applications. Established in 2014, KWIPPED’s worldwide headquarters is located in Wilmington, NC. For more information, call 800.273.8404 or visit www.KWIPPED.com.