Automotive rental agency Hertz is investing in European digital electrical car platform Ufodrive because it appears to construct up its sustainable choices for purchasers.
Hertz is main a $19 million Sequence A funding in Ufodrive, which focuses on offering self-service entry to a fleet of electrical automobiles by its app, in addition to providing a software-as-a-service platform for fleet administration.
Ufodrive at the moment is working throughout 9 international locations in Europe, together with the U.Okay., Eire, France, Germany and the Netherlands, and now plans to develop globally.
The newest transfer from Hertz comes after asserting in October 2021 that it was investing in a fleet of electric Tesla vehicles, in addition to expanding its partnership with ride-hailing firm Uber.
Mark Fields, Hertz interim CEO, in a press release known as the funding in Ufodrive “one other main step in Hertz changing into an integral part of the fashionable mobility ecosystem.”
Hertz plans to deploy Ufodrive’s digital rental and fleet administration know-how to boost its world electrical car fleet operations.
Fields added: “Collectively, we’ll pilot methods to make renting an EV (electrical car) even simpler utilizing Ufodrive’s digital platforms for each the rental expertise and fleet administration.
Ufodrive’s Sequence A financing spherical was co-led by Hertz and New York-based funding agency Certares, alongside Knighthead Capital Administration.
Ufodrive stated it will use the brand new funding on product growth and to assist world enlargement with a concentrate on the U.S. market.
Initially printed by BTN Europe.
