Certares and Hertz Lead Investment in Mobility Startup UFODrive
Skift Take
Hertz is now in a pole position among rental car brands in the race to adopt electric vehicles. Separately, it's notable that private equity firm Certares has begun placing venture equity bets in early-stage companies.
Hertz Corp. and one of its major owners, Certares, have co-led a $19 million Series A financing round in UFODrive, a rental service for electric vehicles.
Knighthead Capital Management and other investors also participated.
The U.S.-based rental car giant intends to deploy UFODrive's digital rental and fleet management technology to enhance its electric vehicle offering. In October, Hertz ordered 100,000 T
