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.

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