From Pulse 2.0 · Amit Chowdhry · · 1m
Oro Mobility Raises $80 Million To Scale Driver-Led And Autonomous Fleets
Hertz-backed Oro Mobility secures $80m to expand driver-led and autonomous fleets.
In brief
Hertz-backed Oro Mobility secures $80m to expand driver-led and autonomous fleets. Oro Mobility, backed by Hertz, raised $80 million to scale driver-led and autonomous vehicle fleets. Originally reported by Pulse 2.0.
Oro Mobility Secures $80m Investment
Oro Mobility has secured an $80 million strategic equity investment from a consortium including Cohen Private Ventures and funds affiliated with Certares Opportunities and Knighthead Capital Management.
Hertz Retains Majority Ownership
Hertz created Oro as part of its broader transformation strategy and will retain majority economic ownership while continuing to support it as fleet and corporate services partner.
Oro Operates 45,000 Vehicles
Oro operates approximately 45,000 vehicles across major U.S. mobility markets to provide an ownership, orchestration, and operations layer connecting vehicles, mobility technology providers, and consumer demand.
Three Core Mobility Areas
Oro operates across rideshare rentals, driver-led fleet management, and autonomous vehicle fleet management to expand its fleet, infrastructure, technology, workforce, and partnerships.
The key point
Oro Mobility, backed by Hertz, raised $80 million to scale driver-led and autonomous vehicle fleets.
