Given Turo's slightly lower Q1 results, we doubt it will be racing out the door, ready to change the tenor of the IPO conversation anytime soon.
Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region. The Middle East-based startup
Eco-conscious vehicle renters can soon expect to see EVs from GM brands Buick, Chevrolet, Cadillac, GMC and even commercial delivery unit BrightDrop at Hertz rental locations. The car rental giant sai
Peer-to-peer car-sharing company Turo is expanding to New York State and France in June, the company said on Wednesday. The expansion comes at a time when post/mid-COVID tourism is beginning to heat u
Germany-based rental car giant Sixt has confirmed it’s been hit by a cyberattack that has caused widespread disruption to its global operations. According to a statement from Sixt, which has mor
Hertz has agreed to buy up to 65,000 Polestar electric vehicles over five years, a deal that will help the rental giant electrify its fleet and give the EV automaker access to a wider market, includin
Kyte, the startup that delivers rental cars to customers’ doors, has raised $200 million in asset-backed credit financing from Goldman Sachs and Ares Global Management, money the company will us
Last week, a press release from Hertz indicated that the rental company had placed an order for 100,000 Tesla Model 3s. Late yesterday, however, Elon Musk tweeted that the order is far from firm.
Kyte, a fleet-logistics platform that allows customers to order rental cars delivered right to their doors, has raised a $30 million Series A round. In the short term, the startup wants to expand into
Getaround was fined nearly $1 million by the Washington, D.C. Office of the attorney general for operating without a license and other violations, part of a settlement of what the peer-to-peer car ren
Canadian travel startup Hopper has raised a $170 million Series F round, led by Capital One. The U.S. banks and credit card company is also coming on board as a strategic partner, to launch Capital On
More than two years ago, Ludwig Schoenack, Nikolaus Volk and Francesco Wiedemann looked at the bevy of scooter services, ride-hailing apps, public transit and car-sharing options available in most urb
Lyft continues to expand beyond its core ride-hailing business into bikes, scooters, transit and now rental cars. The company said Thursday that it’s taking Lyft Rentals, a pilot program that la
Transportation startup Lime is shutting down LimePod, its car-sharing service that it launched last November in Seattle. Lime plans to start removing its vehicles from the streets of Seattle next mont
And the next car-sharing unicorn is...
In August of last year, Getaround scored $300 million from Softbank. Eight months later they handed that same amount to Drivy, a Parisian peer-to-peer car rental service that was Getaround’s tic
The sharing economy continues to bear fruit. CarHopper, a platform for luxury car rental, has raised a $1.5 million seed round to expand to new markets. CarHopper started as a peer-to-peer platform fo
Say you have a ’57 Chevy. Sky blue and white. It’s a beauty. But it sits in your garage most of the year. That’s where DriveShare comes in. Backed by Hagerty, the collectible car ins
Skurt, the Los Angeles-based rental car delivery startup, has raised $10 million in Series A funding. The round was led by Upfront Ventures (which also led a $1.3 million seed round), and included a
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