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Just in time for Earth Day, Lyft expects the new initiative to offset over a million metric tons of carbon.
Read More →Senator and boxer Manny Pacquiao invested in Graventure, a rental platform designed to connect rental agencies to customers through a central web and mobile platform.
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InMotion, Jaguar Land Rover’s mobility services business, has invested $25 million in ride-hailing service Lyft. This investment will provide Jaguar Land Rover with the opportunity to develop and test its mobility services and to supply Lyft drivers with a fleet of vehicles.
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Ford will invest $1 billion in Pittsburgh-based Argo AI, a startup focusing on artificial intelligence, to develop a software platform for a fully autonomous vehicle it plans to make available for ride hailing in 2021.
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Luxe, a provider of on-demand valet parking and car services, has secured Series B financing of $50 million from lead investor Hertz Global Holdings.
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Hertz Global Holdings has reached an agreement to substantially reduce its equity position in China Auto Rental (CAR Inc.), China's largest rental car company, while at the same time extending its existing commercial agreement between the two companies to 2023.
Read More →Getaround closed $13.9 million Series A financing to grow its car sharing service that allows members to share their own vehicle throughout four cities.
Read More →Warburg Pincus has raised 13 funds and has invested more than $40 billion in 650 companies in more than 30 countries and will strengthen China Auto Rental’s position in China's car rental industry.
Read More →The new agreement with eHi Auto Services extends services to customers from both companies.
Read More →Wheelz is designed to meet the needs of campus communities by connecting students who own cars with students who need them.
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