Case Study: CartShare™ — Fractional Ownership & Revenue Sharing for Golf Carts

Executive Summary

The CartShare™ Program, powered by eGolfVillage, enables golfers and local investors to own fractional interests in golf cart fleets that are operated by participating courses.
Each CartShare owner receives proportional revenue from cart rentals, tournament packages, and seasonal sponsorships — while the host course benefits from reduced capital expenditures, modern electric fleets, and aligned community ownership.

This cooperative model bridges asset tokenization, shared economics, and golf industry modernization, creating a sustainable framework where community members invest directly in course infrastructure.

Market Context: Golf Cart Economics

  • The average 18-hole course operates 70–100 carts, with replacement every 4–6 years.

  • A new electric golf cart costs $10,000–$12,000, making full fleet replacement a $700K–$1M capital expense.

  • Cart leasing and financing agreements tie up operating capital and limit flexibility.

  • Many courses experience underutilization during off-peak months, creating idle assets.

CartShare transforms this by converting depreciating assets into shared investment vehicles, allowing golfers to own a portion of what they already use.

Program Overview: How CartShare Works

Component Description Benefits
Fractional Ownership Each cart is divided into 10–20 tokenized shares Lower barrier to entry for golfers
Revenue Share Net rental income shared between owners and host course Passive income for investors
Maintenance & Operations Course handles all service and storage Seamless management
Digital Tracking Smart contracts record usage, revenue, and maintenance logs Full transparency
Liquidity Option Owners can sell or transfer shares on eGolfVillage marketplace Tradable fractional assets

Financial Model Example (Per Course, 80-Cart Fleet)

Metric Value
Cart Cost (Electric Fleet) $960,000
Total Shares Issued (10 per cart) 800
Share Price $1,200
Annual Cart Revenue $300,000
Annual OPEX (Maintenance, Insurance) $60,000
Net Revenue $240,000
Investor Share (70%) $168,000
Course Share (30%) $72,000
Investor ROI 14% annually + asset appreciation

Legal & Structural Framework

CartShare can be structured as:

  • LLC fractional units, or

  • Tokenized digital assets (ERC-20/721 hybrid), each representing fractional equity in a specific fleet.

Revenue distribution occurs quarterly via smart-contract automation or traditional accounting disbursement.
The host golf course signs a Fleet Revenue Agreement (FRA) specifying ownership ratios, revenue share, and maintenance standards.

Sustainability & Community Impact

  • Promotes adoption of electric and lithium-ion fleets, cutting emissions by 40–50%.

  • Builds local ownership and loyalty — golfers literally own a part of the course experience.

  • Enables community fundraising for public and municipal courses without debt financing.

  • Each CartShare fleet includes an optional carbon offset token for sustainability tracking.

Governance & Tokenized Integration

  • CartShare Owners’ DAO: Participating investors vote on upgrades, resale timing, or reinvestment.

  • eGolfTokens Integration: Revenue share earnings can convert into loyalty tokens redeemable across eGolfVillage network (tee times, travel, merchandise).

  • Data Transparency: Usage, performance, and emissions metrics published to blockchain ledger.

Implementation Roadmap

  1. Phase 1 — Pilot Launch
    Partner with 3–5 regional courses; tokenize 400 carts.

  2. Phase 2 — Investor Enrollment
    Offer fractional units to verified eGolfVillage members.

  3. Phase 3 — Smart Contract Rollout
    Deploy automated revenue share and maintenance tracking.

  4. Phase 4 — Marketplace Liquidity
    Launch CartShare resale and secondary trading platform.

  5. Phase 5 — National Expansion
    Onboard 50+ courses under cooperative fleet ownership.

  6. Phase 6 — Global Token Integration
    Convert CartShare units to global eGolfTokens framework.

Conclusion

The CartShare™ Program redefines golf cart ownership by aligning financial, environmental, and community interests.
By enabling golfers to own what they drive, CartShare creates new investment access, enhances course liquidity, and exemplifies how tokenized fractional ownership can revolutionize sports infrastructure.
It’s not just about carts — it’s about creating a shared, sustainable future for golf.

 

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