MENU
SEARCHWith plans to continue to expand its Audi A4 rental service, Silvercar has raised $14 million more in venture capital from investors, including Facebook Co-Founder Eduardo Saverin.
A customer at Silvercar's location at Austin Bergstrom International Airport is guided to his car by Silvercar's curbside valet service. Photo credit: Silvercar.
Silvercar.
Silvercar, the app-based car rental operation, has received another $14 million in venture capital, according to a report by The Wall Street Journal.
This financial support will help Silvercar expand its Audi A4 rental service to other airport locations — financing vehicles as well as helping to pay airport concession fees, CEO Luke Schneider told The Wall Street Journal.
Investors include Eduardo Saverin, co-founder of Facebook, Velos Partners, Austin Ventures and CrunchFund, according to the report. Saverin recently supported FlightCar, a peer-to-peer car-sharing company that slows travelers to rent out their vehicles.
Currently, Silvercar has eight airport locations including Austin, San Francisco, Los Angeles, Dallas, Denver, Miami and Phoenix.
Click here for the full Wall Street Journal report: http://blogs.wsj.com/venturecapital/2014/09/23/silvercar-drives-away-with-14-million-from-eduardo-saverin-others/
Rental operators can now detect and act on speeding while vehicles are still on rent, thereby reducing fines, admin workload, vehicle wear, and safety risks.
Read More →
Fleets and consumer can use a transponder-less option when traveling between Canada and the U.S.
Read More →
The combination brings actionable vehicle insights into PurCo’s PurInspect platform, improving damage detection and operational efficiency for rental fleets.
Read More →
LOR related to insurance claims overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
Read More →
The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.
Read More →
West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.
Read More →
Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.
Read More →
