Investor's $5M Funds Silvercar Expansion

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.
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.

A filing with the U.S. Securities and Exchange Commission (SEC) has revealed that Austin-based Silvercar, the app-based car rental operation, collected $5 million from a lone investor, according to a report by Austin Business Journal.

According to SEC filings, Silvercar reported a $6 million round of financing from six inventors in 2013, says the report.

Since Silvercar launched its silver Audi A4 rental service in 2012, it has opened six airport locations, including Dallas, Austin, Los Angeles and San Francisco.

Click here for the full Austin Business Journal article: http://www.bizjournals.com/austin/blog/techflash/2014/04/car-rental-company-silvercar-raises-millions-more.html

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

An Inside Look at Car Rental in China

A trip to a new car rental convention in Guangzhou reveals a booming market, yet one facing unique challenges.

Auto Manufacturers: Mobility Disruptors or Fleet Providers?

Maven’s Alex Keros shares insights into evolving smart mobility business models and new opportunities with fleet management.

What is Your Time Worth?

Personal observations of retail and travel transactions reveal just how much a consumer’s time is worth today, and how increasingly intolerant we are of inefficient transactions.

Job Finder: Access Top Talent. Fill Key Positions.

>