An Orlando-based startup is shaking up the storage space industry much as the way Uber has impacted the transportation industry and Airbnb the hotel market.
Orlando’s SpaceSplit is paying closely attention to the abundance of extra space homeowners already have by creating a way to use that space to store other people’s items. And just like Uber and Airbnb, this service comes at a much lower price than what bigger businesses offer.
Christopher de Sanctis, chief operating officer of SpaceSplit, said various storage space companies charge more than $100 a month to rent out a locker where customers can store cardboard boxes containing personal things. But with SpaceSplit’s service, it supplies industrial plastic bins for customers to rent, which cost $5 per bin — and that’s all the customer pays for.
Currently, the peer-to-peer service is being worked on, and de Sanctis said it should launch within a few months, however the company has already launched its on-demand storage space service where it stores customers’ items in a warehouse. The company, located at 100 W. Lucerne Circle, Suite 200, offers to deliver as well as pick up the bins to store in its facility.
SpaceSplit said the bins are locked by the customer and a QR code label is on the bin to keep track of its contents and location. SpaceSplit uses its own app to keep track of its clients’ bins, whereas an additional app will be created once the peer-to-peer storage space idea is more defined. Company executives said the peer-to-peer market is an expensive space to start in if the company is not well-known, thus the plan is to initially start with the storage space they have to offer, build up the client base and, later, launch the new idea.
SpaceSplit is a graduate of Starter Studio’s fourth class. The company was then known as Kweva, nevertheless mentors suggested they change the name.