This latest round of crowdfunding, which consisted of 500 investors, will help scale the startup’s market and further develop its keyless tech.
The Automated People Mover is the centerpiece of the Landside Access Modernization Program (LAMP), which also includes a Consolidated Rent-a-Car ConRAC facility.
Revenue from the tax increase, estimated to be $3 million annually, will help fund the Birmingham Jefferson Civic Complex project.
The surcharge is projected to fund about $14.1 million of the $54.8 million total revenue from the Arizona Sports and Tourism Authority for the fiscal year.
Splend rents vehicles to Uber drivers who don't own their own cars.
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.
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.
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.
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.
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.
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