Tagged Funding

Shouqi Car Rental Receives $309M in Funding

The funding will go into expanding Beijing-based Shouqi Car Rental’s fleet, as well as improving its marketing and technology.


Honda Partners With Ride-Hailing Service Grab

Honda’s $750 million investment in ride-hailing Grab is part of an agreement to collaborate on motorbike-hailing services.


Private Interests

The police raid of a car rental company in Detroit leads to questions on how insurance fraud investigations and prosecutions are funded — and the motivations driving the players on all sides.


eHi Car Services Announces up to $150M Loan Facilities

eHi Car Services Limited, a car rental and car services provider in China, has announced that it has entered into an up to $150 million syndicated loan facility agreement.


Ford Contributes More Funding to India’s Zoomcar

Zoomcar, an India-based carsharing service, has raised another $25 million in a Series C round. Ford Motor Co. led investors in this recent round of funding.


Phoenix Rental Companies Challenge $34M in Taxes

Rental car companies are looking to get a refund of a tax collected by the city of Phoenix.


French Carsharing Drivy Raises $35M in Funding

French peer-to-peer carsharing service Drivy has closed a $35.2M round of funding, which was led by Cathay Innovation and Nokia Growth Partners.


Silvercar Receives Largest Capital Raise to Date

Silvercar has announced a $28 million Series C equity issuance led by Audi. Silvercar recently launched in Las Vegas, its 12th market.


Price Comparison Site HappyCar Raises $1.5M in Funding

Happycar, a European car rental comparison startup — has raised a new $1.58 million round of funding from several organizations, including Global Founders Capital and e-commerce company Rocket Internet.


Ariz. Must Refund Car Rental Tax, Judge Rules

The Arizona Sports and Tourism Authority depends on revenue from the 3.25% rental car tax to make debt payments on the University of Phoenix stadium.


Getaround Raises $24M to Further Expansion

Getaround, a San Francisco-based peer-to-peer car sharing service, has raised $24 million in Series B financing led by automotive giant Cox Automotive — owner of AutoTrader, Kelley Blue Book and Manheim Auctions.


RelayRides Raises $44M in Funding

Peer-to-peer car-sharing company RelayRides has raised $25 million in Series B funding, bringing its total funds raised to $44 million.


Car Rental Tax Can’t Fund Stadium, Says Judge

A judge of Arizona’s Maricopa County Superior Court has ruled that a car rental tax can’t help pay off the Cardinals Stadium in Glendale, Ariz. Taxes imposed on the use of vehicles are restricted to funding road construction, maintenance and related purposes.


Maui Airport Plans $305M Rental Car Facility

A total of $305.5 million was released for the planned Consolidated Rental Car Facility and other roadway improvements at Maui’s Kahului Airport.


Honolulu Airport Needs Funding for Temporary Car Rental Facility

The state of Hawaii is asking for bids to help fund a temporary car rental facility at Honolulu International Airport.


Bollore Receives $98 Million to Expand Car Sharing Program in France

The European Investment Bank loaned Bollore $98 million to continue its Autolib car sharing service throughout France.


What to Tax, if Not Car Rentals?

Here are some novel ideas on taxation that shift the burden away from car renters.


How Enterprise Funds Its Fleets

Enterprise CFO Bill Snyder spoke recently with Auto Rental News on how Enterprise funds its fleets (Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car), and on the company’s outlook on the current financial market.


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

Trump and Regulations: An Alt-Fuel View

With 2025 emissions targets back in review, manufacturers, alt-fuel, and alt-power suppliers weigh in on the potential impacts of Trump’s initiatives.

Why GM’s Telematics Announcement is a Really Big Deal

Enabling a telematics connection at the factory — and not through an aftermarket hardware installation — is a game changer for fleets.

Four Thoughts From the 2016 Conference Calls

Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)

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