In December of last year, it was announced that Fair purchased Uber's leasing division, Xchange Leasing. - Screenshot via Fair. 

In December of last year, it was announced that Fair purchased Uber's leasing division, Xchange Leasing.

Screenshot via Fair. 

Vehicle subscription startup Fair raised $385 million during its most recent round of funding led by Japan's SoftBank, Reuters reports.

Some of the funds raised will be used to expand Fair's partnership with Uber. Santa Monica, Calif.-based Fair recently partnered with Uber to rent out vehicles to the ride-hailing company's drivers.

In December of last year, it was announced that Fair purchased Uber's leasing division, Xchange Leasing.

Softbank has invested in a number of mobility related ventures, including Uber, Didi Chuxing, and General Motors' self-driving technology. 

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