Silvercar Raises $11.5 Million, Set to Start Airport Service in 2012

According to Silvercar, the Austin, Texas-based company will launch by the end of this year after raising $11.5 million in series A financing to offer an alternative to traditional airport car rental, the company said in an Oct. 10 press release. The round was led by Austin Ventures, with participation from CrunchFund, SV Angel, Chris Dixon and Dave Morin.

Silvercar’s fleet will consist of silver 2013 Audi A4s. It’s unclear as to where the company’s first location is planned, and the company said that it will announce these details at a later date.

The company developed an app that will allow users to book a car in advance and manage their vehicle settings through their personal profiles. Users will be able to unlock their Audis by scanning the vehicle with their smartphones.

For those who do not to book in advance, Silvercar will provide self-serve kiosks and on-site assistance. More can be found out about the company at www.silvercar.com.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Another Ridiculous “Used Fleet Vehicle” Scandal

While media reports concentrate on the sting and the “outrage,” where’s the empirical evidence that fleet vehicles are less mechanically sound than vehicles sold from private owners?

Will IoT Herald a New Era in Fleet Efficiency?

With the ELD rule finally in effect, small fleet operators need to hunt for new efficiencies. In transportation logistics, Internet of Things (IoT) systems could have similar lasting impacts as telematics.

Will Cars Become Transportation Appliances?

The cars are still the stars, but this year’s L.A. Auto Show revealed an auto industry at a crossroads.

Job Finder: Access Top Talent. Fill Key Positions.

>