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The co-branded program with Stellantis’ mobility division scales up leasing and financing options nationwide with more cities to come online in 2026.
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The financing, expected to be structured as an asset-backed securitization short-term facility, will fund the purchase of about 229,000 vehicles in 2021.
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The funding will be used to further develop the peer-to-peer rental company's contactless booking and pickup technology. C-suite hires include COO, CFO positions.
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Europcar has received state guaranteed loans from Spain and France.
Read More →Euopcar will release Quarter 1 results May 5, after the closing of the stock exchange.
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The rental agency will be filing the appropriate forms with the Securities and Exchange Commission.
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Europcar has finalized its first lines of financing, 70% guaranteed by the Spanish State for an amount of 36 million euros.
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The 2.7-million-square-foot Conrac will be constructed on a 16.65-acre site, with 2,925 public parking spaces and 3,380 rental car spaces to support 10 rent-a-car brands.
Read More →Any offers of the notes will be made only by means of a private offering memorandum.
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The peer-to-peer carsharing company received funding from SoftBank Vision Fund, Toyota, and various company insiders.
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