TravelCar, a Paris, France-based peer to peer car sharing platfrom for travelers at airports and train stations, raised €15m in funding.
Backers included PSA Group and MAIF.
The company intends to use the funds to expand into the United States with car rental offers for travelers, in Los Angeles and San Francisco airports.
Founded in 2012 by Ahmed Mhiri, CEO, TravelCar is a peer to peer car sharing platfrom that enables travelers to rent their vehicles while they are away rather than paying for a traditional parking space. The company also provides necessary insurance and support for drivers and for all vehicles that have been rented through its system.
TravelCar has a network of over 200 agencies and 300,000 users in ten European countries.