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The funding will go into expanding Beijing-based Shouqi Car Rental’s fleet, as well as improving its marketing and technology.
Read More →Honda’s $750 million investment in ride-hailing Grab is part of an agreement to collaborate on motorbike-hailing services.
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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.
Read More →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.
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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.
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Rental car companies are looking to get a refund of a tax collected by the city of Phoenix.
Read More →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.
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Silvercar has announced a $28 million Series C equity issuance led by Audi. Silvercar recently launched in Las Vegas, its 12th market.
Read More →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.
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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.
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