Hertz Global Holdings Inc. announces investment in self-service electric vehicle rental company
Hertz Global Holdings Inc. (Hertz) announced an investment in UFODRIVE, a self-service electric vehicle rental company and eMobility provider, in February 2022. UFODRIVE has raised $19.0 million in Series A funding, led by Hertz and Certares. UFODRIVE is located in Europe and is the first all-digital, all-electric car rental service control from a mobile application. This partnership coincides with Hert’z announcement that the company is interested in investing in electric vehicles, with a goal of becoming the largest electrical vehicle rental fleet in North America.
ESGIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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