by Brianna Crandall — May 18, 2015—Of interest for facilities managers looking to optimize use of space and funds by sourcing rental equipment, startup company KWIPPED Inc. recently launched an online business-to-business (B2B) marketplace built to transform the way businesses source and rent specialized equipment.
KWIPPED.com connects businesses that need to rent equipment with suppliers that have that equipment available. The platform facilitates and automates the entire rental process, encompassing sourcing, quoting, scheduling, insurance, security deposits, contract execution, and shipping.
“Companies that use rental equipment often face roadblocks — many that can hinder project turnaround and even hurt profits,” said Robert Preville, KWIPPED founder and CEO. “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 currently supports more than 500 equipment categories across 17 industry verticals, with plans to expand in the future. Categories include audio and visual, computer, environmental testing, HVAC, laboratory, material handling and heavy equipment, and more. The online marketplace allows renters to enter a single request, receive and compare multiple quotes, and execute a rental contract on the best offer.
“Many professionals are unaware that certain equipment is available for rent. For such firms, KWIPPED can play an educational role. Discovery of equipment on KWIPPED.com will enable businesses to expand their capabilities and allow managers to spend their valuable time on more mission-critical tasks.”
KWIPPED suppliers are exposed to potential for new business on a large scale. KWIPPED aggregates rental demand and distributes live requests to qualified suppliers. KWIPPED’s bi-directional marketplace format enables any business with idle inventory to act as a supplier, rent equipment, and open new revenue streams.
KWIPPED Inc. is the brainchild of Robert Preville, a successful entrepreneur and investor, who has founded several high- growth companies, including GlobalTestSupply.com and MFG.com (portfolio company of Jeff Bezos’s Bezos Expeditions.) Also on the executive team is Rob Kaiser, an award-winning business journalist and publisher, and Robin Salter, an expert communications strategist with two decades of experience supporting marketing efforts for multiple Fortune 500 companies.
