Co-led by Hertz and Certares, UFODRIVE, Europe’s leading self-service e-vehicle rental car and eMobility provider will use the capital for its global expansion plans, with a focus on the U.S. market.
As the first all-digital, all-electric car rental service controlled from an app, it seemed only a matter of time until UFODRIVE would raise such a sum.
Founded in 2018, its advanced eMobility SaaS platform, which makes transitioning to electric vehicles easy for customers and fleet providers alike, is as popular as it is effective. Using advanced AI tools, it delivers lean operations, lower energy costs and better charging and fleet utilisation. Furthermore, it delivers a two-minute ‘arrive and drive’ entirely digital EV customer experience.
It comes as no surprise then that Hertz, as part of their commitment to lead the future of mobility, is one of the leaders of their Series A funding. This builds on their announcement of October last year that they were investing in a fleet of Teslas to grow their EV fleet globally.
“Our partnership with UFODRIVE is yet another major step in Hertz becoming an essential component of the modern mobility ecosystem,” comments Mark Fields, Hertz’ interim CEO.
Wanting to improve and digitalise car rental was always front and centre for UFODRIVE. With the new investments from Hertz and Certares, UFODRIVE not only has the capital to fulfil this dream but also has its vision validated.
“Born from a vision to deliver what we call ‘Radically Better Car Rental,’ this investment is a major validation of that dream,” says Aidan McClean, UFODRIVE CEO. “We are proud that we are helping to accelerate the transition to zero-emissions mobility, and our investors see the opportunity ahead.”
Following successful live testing in 2021, Hertz aims to deploy UFODRIVE’s market-leading digital rental and fleet management technology to enhance its global EV fleet operations. Hertz’s key partners in the US and Europe will be the first to benefit from UFODRIVE’s fleet of eMobility benefits.
Looking forward, UFODRIVE will use the raised capital to accelerate product development and expand globally, with a focus on the US market.