CarHopper, a luxury vehicle rental booking platform, has closed $1.5 million in seed funding to fuel its launch into four new markets, including Los Angeles, Las Vegas, Miami, and San Francisco.
October 13, 2017
Turo, a peer-to-peer carsharing marketplace, has raised $92 million in funding from Daimler and other investors. Turo also acquired Daimler's Croove, a peer-to-peer carsharing service in Germany.
September 6, 2017
eHi Car Services Limited, a car rental and car services provider in China, has completed an offering of $400 million aggregate principal amount of its senior unsecured notes.
August 21, 2017
NewSpring Capital, a family of private equity funds providing growth and expansion capital, has led a $25 million investment in Fox Rent A Car Inc.
July 26, 2017
Getaround Inc., a peer-to-peer carsharing platform, has raised $45M in new capital. With this capital, it plans to expand to additional North American markets.
April 26, 2017
The funding will go into expanding Beijing-based Shouqi Car Rental’s fleet, as well as improving its marketing and technology.
January 9, 2017
Honda’s $750 million investment in ride-hailing Grab is part of an agreement to collaborate on motorbike-hailing services.
December 13, 2016
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.
September 6, 2016
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.
August 8, 2016
Rental car companies are looking to get a refund of a tax collected by the city of Phoenix.
June 7, 2016
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.
May 16, 2016
Silvercar has announced a $28 million Series C equity issuance led by Audi. Silvercar recently launched in Las Vegas, its 12th market.
January 4, 2016
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.
October 20, 2015
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.
August 18, 2015
Getaround, a San Francisco-based peer-to-peer car sharing service, has raised $24 million in Series B financing led by automotive giant Cox Automotive — owner of AutoTrader, Kelley Blue Book and Manheim Auctions.
December 3, 2014