Hertz-backed Oro Mobility raises $80M to operate as standalone fleet platform

Oro Mobility, a fleet platform majority owned by Hertz Global Holdings (HTZ) has announced an $80M strategic equity investment from a consortium including Cohen Private Ventures and certain funds or accounts affiliated with Certares Opportunities LLC and/or Knighthead Capital Management, LLC.

The capital injection is intended to establish Oro as a standalone growth platform focused on scaling across driver-led and autonomous mobility models.

Hertz will retain majority economic ownership and continue to serve as Oro’s fleet and corporate services partner.

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