By Belinda Grant Geary For Daily Mail Australia Published: 03:23 EDT, 5 September 2016 | Updated: 19:02 EDT, 5 September 2016 An Australian start up company that links holiday makers with private camper vans for hire has been valued at $10 million two years after its launch. Camplify has gone from strength to strength since attracting investors through NRMA and Slingshot's Jumpstart Accelerator Program in 2014 and are now defying the odds to deliver 20 per cent business growth month on month. With most RV owners estimated to only use their motor home for six weeks of the year, Camplify's founder Justin Hales realised the untapped potential hidden in some 500,000 garages across the nation and worked out how to link owners and holidaymakers in a similar way to Airbnb. An Australian start up company that links holiday makers with private camper vans for hire has been valued at $10 million two years after its launch Camplify has gone from strength to strength since attracting investors through NRMA and Slingshot's Jumpstart Accelerator Program in 2014 Investing in a new company can be a risk considering around 95 per cent of start ups fail each year, however NRMA president Kyle Loades said it was worth giving the new business financial backing to help get the innovative idea off the ground. 'You've almost got to accept there there will be some pain and some lessons learned and some just will not win,' Mr Lodes told the Sydney Morning Herald. 'But the one or two gems that come out of the process can be well worth it,' he added. Former NRMA CEO Tony Stuart said in 2014 the program had given them unprecedented access to innovative ideas that allow them not only to continue growing their business, but to improve the customer experience for its members. The peer-to-peer sharing website allows RV owners to log on and advertise their motor home for rent online Holidaymakers can then log on and search for a price, location and style of camper van to suits their needs NRMA's CEO said the Jumpstart program had given them access to new and innovative ideas that allow them to continue growing their business and improve the customer experience Camplify's founder Justin Hales (pictured) worked out how to link owners and holidaymakers in a similar way to Airbnb 'The need to innovate is a continuous process, one that is imperative to the growth and ultimately the sustainability of any organisation. The peer-to-peer sharing website allows RV owners to log on and advertise their motor home for rent online. Holidaymakers can then log on and search for a price, location and style of camper van to suits their needs. Trailers can be rented for between $280 and $630 a week, while Caravans fetch up to $980. A luxury motorhome will set you back between $840 and $2,100 each week. Advertisement
Australian campervan start-up Camplify has reached a valuation of AUD10m just two years after its launch. The platform allows campervan owners to rent their vehicles to holidaymakers, targeting the majority of Australia's 500,000 campervan owners who use their vehicles for two years. Camplify is currently delivering 20% MoM business growth and has received investment from NRMA and Slingshot's Jumpstart Accelerator Program amongst others.