Hertz's Oro Mobility raises $80M in equity investment

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Go back to Hertz's Oro Mobility raises $80M in equity investment

Hertz-Backed Oro Mobility Secures $80 Million Strategic Equity Investment to Accelerate Independent Growth

October 20, 2026 7:05 AM EDT

Investment positions Oro to scale its platform across driver-led and autonomous mobility models

ESTERO, Fla--(BUSINESS WIRE)-- Hertz Global Holdings, Inc. (NASDAQ: HTZ) today announced that Oro Mobility has secured an $80 million strategic equity investment from a consortium of investors, including Cohen Private Ventures and certain funds or accounts affiliated with each of Certares Opportunities LLC and/or Knighthead Capital Management, LLC or an affiliate. This investment establishes Oro as a standalone growth platform, with the dedicated capital, talent, flexibility and strategic focus to scale across the evolving mobility... More