TravelCar earmarks €15m raise to launch at LAX and SFO

TNooz, February 23, 2017 

French car-sharing service TravelCar has raised €15 million, with the funding coming from automotive giant PSA Group and insurance firm MAIF.

TravelCar launched in 2012 and is active in ten European countries, providing a range of options for travellers to optimise the use of their vehicles. One product line is allowing travelers “free parking” at airports, train stations and city centers by helping them rent out their vehicle while they are away, earning a fee from the renter .

It also brokers parking spaces at or near stations and airports.

The cash raised will be used to introduce the concept in the US, with Los Angeles and San Francisco identified as its launch locations. As well as being the second and seventh largest airports in the US respectively, TravelCar expects that the idea will resonate with employees from nearby Silicon Valley.

PSA Group is the holding company which owns Peugeot, Citroen and DS Automobiles. MAIF meanwhile is a mutual insurance company with three million members in France.

 Click here to read the press release.

Similar articles

Du rêve au voyage, il n’y a qu’un clic !
September 25, 2019

En quelques années, les blogs de voyage se sont imposés comme une étape indispensable pour réfléchir et préparer un futur voyage. On y trouve une mine d’informations, comme les bonnes adresses, les suggestions d’itinéraires, les budgets et bien sûr les photos qui font rêver.…

Read more
Comment se rendre à l’aéroport Saint-Exupéry ?
September 25, 2019

Vous avez peut-être prévu de vous rendre à l’aéroport Saint-Exupéry prendre votre avion ou votre train? Pour les Isérois, deuxième population à partir de l’aéroport de Saint-Exupéry, après les habitants du Rhône, se rendre à l’aéroport sans prendre sa voiture relève du casse-tête.…

Read more
Et si on se mariait à l’aéroport?
September 24, 2019

A l'occasion de la Saint-Valentin, le comté de Clark qui gère les mariages à Las Vegas, a mis en place pour quelques jours, un carrousel éphémère à l'aéroport international McCarran.…

Read more

Subscribe to our newsletter and benefit from all our good deals:

Your subscription to the newsletter has been taken into account 👍 An error occurred when you registered for the newsletter, please try again later 😕