ESTERO, Fla., April 7, 2016 /PRNewswire/ -- Hertz Global
Holdings, Inc. (NYSE: HTZ) was the lead investor in a recently
concluded Series B round of funding for San Francisco-based Luxe, a provider of
on-demand valet parking and car services operating in
San Francisco, Los Angeles, New
York, Chicago, Boston, Seattle and Austin.
"Our investment will support Luxe's ability to scale its
successful service to other major urban centers, while offering our
customers enhanced convenience and value with regard to their urban
parking needs," said John Tague,
Hertz Global Holdings president and chief executive officer.
"Building on an expanded Luxe footprint and capability, we will
partner together to develop new innovative and integrated services
that will enhance the relevancy of our core products in urban
markets."
Related to the funding, Tague will become a member of Luxe's
board.
"We set out to invent and lead a new category of on-demand
services, making car ownership issues a thing of the past, and
helping to redefine the city of tomorrow. I couldn't be prouder of
what our team has already accomplished and with this new support
and milestone, we are thrilled to continue to deliver on our
mission," said Curtis Lee, CEO, and
Co-Founder, Luxe.
By offering an easy-to-use app and on-demand valets, Luxe has
grown 30 percent month-over-month since its inception in
October 2014 and has seen 18x annual
growth. Luxe has hundreds of thousands of downloads with operations
in six major U.S. cities. The on-demand app service is used on
average 2x a week by thousands of consumers daily, on both a
pay-per-use and monthly subscription basis.
About Hertz Global
Hertz Global Holdings operates the Hertz, Dollar, Thrifty and
Firefly car rental brands in approximately 9,980 corporate and
licensee locations throughout approximately 150 countries in
North America, Europe, Latin
America, Asia, Australia, Africa, the Middle
East and New Zealand. Hertz
Global Holdings is the largest worldwide airport general use car
rental company with approximately 1,635 airport locations in the
U.S. and more than 1,320 airport locations internationally. Product
and service initiatives such as Hertz Gold Plus Rewards,
NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered
through the Adrenaline, Dream, Green and Prestige Collections set
Hertz Global Holdings apart from the competition. Additionally,
Hertz Global Holdings owns the vehicle leasing and fleet management
leader Donlen Corporation, operates the Hertz 24/7 hourly car
rental business in international markets and sells vehicles through
its Rent2Buy program. The Company also owns Hertz Equipment Rental
Corporation ("HERC"), one of the largest equipment rental
businesses with more than 280 locations worldwide offering a
diverse line of equipment and tools for rent and sale. HERC
primarily serves the construction, industrial, oil, gas,
entertainment and government sectors. For more information about
Hertz Global Holdings, visit: www.hertz.com.
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SOURCE Hertz Global Holdings, Inc.