Hertz says it is investing in Ufodrive – a self-service electric vehicle rental company and eMobility service provider in Europe.

Ufodrive is the first all-digital, all-electric car rental service controlled from an app, maintains Hertz.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Ufodrive raised US$19m in Series A funding, co-led by Hertz and Certares, in partnership with Knighthead Capital, along with participation from existing shareholders.

Its technology delivers a two-minute ‘arrive and drive,’ entirely digital EV customer experience.

The partnership builds on Hertz’s announcement in October, 2021, the company is investing in EVs, with a commitment to offer the largest electric vehicle rental fleet in North America and to grow its EV fleet globally.

Also in October, the company announced an exclusive partnership with Uber to make Tesla electric vehicles available for drivers to rent when using the Uber network.

Ufodrive’s Series A financing round was co-led by Hertz and Certares, in partnership with Knighthead Capital Management and included participation from existing investors. Hertz SVP of Strategy, Jayesh Patel and Venture Lead at Certares, Chantal Noble Haldorsen, will join the Ufodrive board.

“Our partnership with Ufodrive is another major step in Hertz becoming an essential component of the modern mobility ecosystem,” said Hertz interim CEO, Mark Fields.

“Together, we will pilot ways to make renting an EV even easier using Ufodrive’s digital platforms for both the rental experience and fleet management. For customers, this partnership will help us create the future rental car experience that is all-digital and EV-centric.”

Following successful live testing in 2021, Hertz aims to deploy Ufodrive’s digital rental and fleet management technology to enhance its global EV fleet operations.

Starting with Hertz’s partners in the US and Europe, this will offer a fully digital rental experience, charge point wayfinding, touchless smartphone access and online customer support with live telematics using Ufodrive’s SaaS platform.

Ufodrive will use the additional capital to accelerate product development and expand globally, with a focus on the US market.