Ravin was founded in 2018 and is based in London and Haifa, Israel. Photo by Vadim Ribak. Ravin.AI, an autonomous platform using artificial intelligence to inspect vehicle condition, has completed a $4 million seed round, led by PICO Venture Partners, with participation from Shell Ventures and automotive entrepreneur Adam Draizin, the company announced. Ravin was founded… Continue reading Autonomous AI Platform Raises $4M in Funding
Author: Auto Rental International Online News
Former GM Execs Share Vision of Smart Mobility Services
While automotive OEMs, transit agencies, car rental companies, and even energy corporations across the globe plan and launch smart mobility services such as carsharing, ride-hailing, dynamic shuttles, dockless scooters, and more — many of us can’t help but wonder if this marks “the beginning of the end” of car ownership in favor of shared-economy and… Continue reading Former GM Execs Share Vision of Smart Mobility Services
Europcar Generates $617M in Q1 Revenue
On the operational side, the Group improved its performance with significant progress on two of its key operating metrics: fleet utilization and fleet cost per unit. Photo courtesy of Europcar. In Q1 2019, Europcar Mobility Group generated revenue of 553 million euros ($617 million) with a slight decline of 0.6% compared to last year, which resulted… Continue reading Europcar Generates $617M in Q1 Revenue
GM Ends Carsharing Service Maven in 8 Cities
The service will continue to be available in Los Angeles, Washington, D.C., Detroit, and Toronto. Photo via Maven. General Motors’ carsharing service Maven is closing down operations in eight of the 17 North American cities where it operates, The Verge reports. In a statement, the company said it was shuttering its programs in certain cities —… Continue reading GM Ends Carsharing Service Maven in 8 Cities
Labor Board Classifies Uber Drivers as Contractors
According to the memo from the board’s general counsel, since Uber drivers are contract workers, they are not entitled to federal protections, like the ability to form unions. Photo via Uber. The National Labor Board issued a memo yesterday, officially classifying Uber drivers as contract workers, not employees. According to the memo from the board’s general counsel, which… Continue reading Labor Board Classifies Uber Drivers as Contractors
HyreCar Increases Q1 Revenue by 105%
Gross profit in the first quarter of 2019 increased to a record $2.0 million, or 55.6% of revenues, compared to $0.4 million, or 24.7% of revenues, in the first quarter of 2018. Photo via Depositphotos. HyreCar reported total revenue in the first quarter of 2019 of $3.5 million, compared to $1.7 million in the first… Continue reading HyreCar Increases Q1 Revenue by 105%
Surprice Car Rentals Begins Operations in Bosnia and Herzegovina
Located in the Balkans, Bosnia and Herzegovina is surrounded by mountains, numerous medieval castles, rivers, and water falls. Photo via Depositphotos. Bosnia and Herzegovina is now a destination within the Surprice Car Rentals network. Located in the Balkans, Bosnia and Herzegovina is surrounded by mountains, numerous medieval castles, rivers, and water falls. Sarajevo, the capital of Bosnia and Herzegovina,… Continue reading Surprice Car Rentals Begins Operations in Bosnia and Herzegovina
Sixt’s Q1 Revenue Hits $697M
Photo via Sixt. Sixt continued its growth path in Q1 of 2019, increasing its revenue 14.2% from the previous year to 620 million euros ($697.4 million). The continued increase in demand registered by the foreign vehicle rental companies contributed to this growth in particular. Earnings were affected by the additional expenses for expansion abroad, the ramp-up… Continue reading Sixt’s Q1 Revenue Hits $697M
Collaborate’s Carly Expands Service to Melbourne
Following Carly’s launch in Sydney on March 29, Carly has connected with its core audience through targeted digital and radio advertising campaigns. Photo via Carly. The ASX-listed company behind peer-to-peer car rental platform DriveMyCar, has officially launched Carly in Melbourne. The subscription service gives customers access to a range of new and used vehicles from… Continue reading Collaborate’s Carly Expands Service to Melbourne
Ride-Hailing Drivers Plan Strike
Uber’s IPO is expected to raise $9 billion. Photo via Uber. Uber and Lyft drivers across the globe are planning a walk out Wednesday to protest working conditions and wages, the Washington Post reports. The strike, planned ahead of Uber’s Friday initial public offering (IPO), is being backed by the New York Taxi Workers Alliance.… Continue reading Ride-Hailing Drivers Plan Strike