TravelerCar Receives Investemt from PSA Group

travelcarTravelerCar, a Paris, France-based provider of a shared, environmentally-responsible solution for car users, received an investemt from PSA Group (Paris:UG).

The amount of the deal was not disclosed.

The company will use the funds to extend its offering to other European countries.

Founded in 2012, TravelerCar allows car owners to make their vehicle available for rent in airports, train stations and city centres and be remunerated if their vehicle is rented out.
The service, which also provides comprehensive insurance coverage for the vehicle and manages the rental process from start to finish, is provided through rental agencies, which serve as a link between renters and owners.

The company now has a network of 80 agencies and over 100,000 users in France (including the overseas departments and territories), Spain, the Netherlands, Germany, Switzerland and Belgium.

FinSMEs

30/06/2016

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