RelayRides Series A Funding Up to $13M with Investment from GM Ventures
The peer-to-peer, car-sharing service will use the investment to expand U.S. presence.
RelayRides, a “neighbor-to-neighbor” car-sharing company, announced on Oct. 26 that General Motors Ventures and RelayRides CEO Andre Haddad are joining previous RelayRides investors to bring the company’s total Series A funding to $13 million, up $3 million from its last announcement. Other investors include Google Ventures, August Capital and Shasta Ventures.
The GM Ventures investment comes on the heels of the automaker's recent announcement of an exclusive partnership with RelayRides that is launching in early 2012. Through a technology integration, RelayRides will leverage OnStar-enabled GM vehicles to allow RelayRides borrowers to unlock reserved cars with their mobile phones.
For vehicles not equipped with OnStar, RelayRides can install a small device to provide borrowers with access to the car. All eligible OnStar vehicles are "RelayRides ready," with no hardware installation needed.
The new investment, as well as the GM partnership, will fuel RelayRides' expansion beyond the San Francisco and Boston regions and into other U.S. markets.
"The RelayRides/GM partnership gives us an unprecedented opportunity to grow the RelayRides marketplace, and this funding will help us realize a goal of introducing car sharing to a whole new group of drivers," Haddad said. "Whether it's by helping a car owner make a few bucks renting out their vehicle or by giving the budget-conscious motorist an affordable driving alternative, the partnership allows us to bring the benefits of the RelayRides community to millions of new users in the U.S."
RelayRides connects car owners with those in need of an auto through a user-friendly platform. Owners make money — on average more than $250 in monthly revenue — as they provide neighbors with affordable access to a car. RelayRides offers a $1 million insurance policy per transaction.
To learn more, visit http://www.RelayRides.com.
More Rental Operations

U.S. Business Travel Car Rental Rates Forecast to Rise Up to 2%
Improved fleet supply should limit pricing gains in 2026-27, while insurance, repair costs, and softer residual values continue to pressure rental operations, according to Amex GBT.
Read More →
Sixt Revenue Tops $2.4 Billion in First Half of 2026
Sixt’s first-half revenue surpassed $2.4 billion for the first time as demand outpaced fleet growth, lifting utilization and earnings despite weaker consumer sentiment in North America.
Read More →
In Memoriam: Bobby Klyce, Avis Licensee Legend
The longtime Birmingham Avis operator and 2018 Auto Rental News Impact Award recipient was remembered as an advocate for independent licensees and the broader car rental industry.
Read More →How to Build Custom Fleet Tools With AI and Vibe Coding [Webinar]
A new Automotive Fleet webinar explores how fleet managers are using AI and vibe coding to automate routine work and create simple operational tools without traditional programming skills.
Read More →
Car Rental Rates Forecast to Rise 3.6% in 2026 Before Easing in 2027
Car rental rates are projected to rise less than airfares and hotel rates in 2026, then become the only major travel category forecast to decline in 2027, according to projections from GBTA and ALTOUR.
Read More →
Avis Cuts Fleet as Summer Demand Trails Expectations
Avis Budget Group increased second-quarter earnings despite lower Americas revenue and softer-than-expected summer demand. The company also expanded Avis First and advanced its autonomous fleet operations with Waymo.
Read More →
Why Bookings Are Only the Start of the Rental Day
A reservation captures demand. The operating test is whether the business can keep the customer, vehicle, commercial terms, and next action aligned until the rental is closed.
Read More →
This Is the Oldest Car Rental Advertisement You’ll Ever See
This ad for Saunders Drive it Yourself, believed to be the first car rental company in the U.S., was found in an Omaha phone book from 1926.
Read More →
The Desk Upsell Is Costing Operators More Than it Earns
Counter upsells generate revenue, but they can also slow transactions, erode trust, and cost repeat business. Fully inclusive pricing may offer operators a better path to long-term value.
Read More →
U-Save Expands Indian Ocean Presence with New Master Franchise for Mauritius
The franchise has been acquired by Mauritian travel entrepreneur Umarfarooq Omarjee, an established figure in the island's tourism and mobility sector.
Read More →
