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Based in Sao Paulo, Vai.Car plans to use the funding to increase its vehicle fleet.
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Enterprise Holdings has opened its first Brazilian Enterprise Rent-A-Car locations as part of a broader growth strategy in the region to provide airport travelers and road trippers with a wide range of reliable vehicles to suit their needs.
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The Veiculo Eletrico Latino-Americano event in Sao Paulo on Oct. 1-3 brought together stakeholders to demonstrate EV technology and share market developments.
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The major Brazilian car rental companies are on a buying spree, while long-term rentals to commercial customers are keeping the independents afloat. The biggest story, however, is that rental companies are now the biggest suppliers of cars to ride-hailing drivers in the country.
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Brazil's national car rental association, ABLA, reports that Brazilians tend to travel domestically for Carnaval, which runs from March 1-6.
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This year alone, Hertz has added a total of 542 Mercedes-Benz Atego trucks to its fleet. The vehicle rental company has now increased its fleet to more than 1,200 Mercedes-Benz vehicles in the more than 7.5-ton segment.
Read More →Rentcars.com has been working to change the way online bookings are done throughout South America, beginning with an automation movement in Brazil, and now through a partnership with Localiza Argentina.
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As part of the agreement, which was originally announced on Dec. 5, 2016, Hertz Global Holdings Inc. has now completed the sale of its Brazil car rental and leasing operations to Localiza.
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Amending its master franchise agreement with the Brazilian-based car rental operator Unidas, Enterprise Holdings will now hold a 20% stake in Unidas and Unidas will now offer all three of Enterprise's car rental brands throughout Brazil.
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During the Summer Olympics, the Brazil car rental association expected about a 15% increase in daily rentals for the city of Rio de Janeiro.
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