RelayRides, a San Francisco, CA-based neighbor-to-neighbor carsharing marketplace, has received an additional funding.
Backers include General Motors Ventures and the company’s CEO Andre Haddad. They joined existing investors Google Ventures, August Capital and Shasta Ventures in RelayRides’ $13m Series A round. (read here).
The company intends to use the funds to expand beyond the San Francisco and Boston regions into other U.S. markets.
RelayRides recently signed an exclusive partnership with GM Ventures, which is launching in early 2012. Through an innovative technology integration, RelayRides will leverage OnStar-enabled GM vehicles to allow its borrowers to unlock reserved cars with their mobile phones. For vehicles not equipped with OnStar, RelayRides can install a small device to provide borrowers with access to the car.
The company is currently hiring (https://relayrides.com/about/work-for-us).