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Car sharing startup RelayRides acquires Wheelz for its unlocking technology
TransportWith a still small, but growing, market around people that want to rent out their personal cars to their neighbors, some consolidation seemed inevitable. On Tuesday startup RelayRides, which was one of the first companies to jump into the neighborhood car sharing market, announced that it has acquired Wheelz, a startup that had originally focused [...]
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What a $24 billion car rental market means to the U.S. travel economy
TransportWhat are car rental companies’ roles in the travel economy? They support the domestic automotive industry, provide transportation for urban locals and travelers, support tens of thousands U.S. jobs, and foster career growth. This, according to one executive at Enterprise Holdings, the world’s largest car rental company in terms of revenue, fleet, and employees. Bryan [...]
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Uber joins $1 billion valuation club with eBay-like growth
TransportRide-sharing service Uber is raising a new funding round at a valuation of $1 billion, according to a person familiar with the situation. If the company succeeds, it will join an elite group of start-ups that command 10-figure valuations. The situation underscores investors’ desire to pay premiums for any company they think might become the [...]
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Hertz on Demand and Zipcar face off over corporate car-sharing leadership
DigitalIf the big money in the car-sharing sector will eventually be in business travel, then both Hertz on Demand and AvisBudget’s Zipcar are starting to position themselves to cash in. Herz announced today that its subsidiary, Hertz on Demand, “is now serving as the operator of Lufthansa CarPool for the airline’s employees, making Hertz the [...]
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Airbnb, the coolest lingo for startup descriptions on AngelList
DigitalThat Airbnb is the poster-child of the sharing economy — or collaborative consumption if you want to be hipper — is now a given, so much so that a fuddy-duddy business magazine like Forbes put the company and its CEO Brian Chesky on its latest cover. But before a company becomes the zeitgeist in the larger pop culture, [...]
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Startup BlackJet launches the Uber of air travel for business execs
TransportTurns out you don’t have to be part of the 1 percent to fly in a private jet after all. Thanks to newly launched BlackJet, anyone can book a seat on a private jet to take them across the United States. Wait, did we say anyone? We mean anyone who can afford to pay $7,000 [...]
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Peer-to-peer ride-sharing startup SideCar raises $10 million to fuel its momentum
TransportLike other peer-to-peer marketplaces for ride-sharing, SideCar has a platform for connecting drivers with passengers looking to get around. It’s released mobile apps for iOS and Android that lets users virtually flag down one of these drivers, and alerts drivers when there are potential passengers in their area. On the convenience side, startups like SideCar are [...]
