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Oro Mobility, a Hertz-owned fleet management business that has a deal to manage Uber's planned Lucid robotaxi fleet starting in San Francisco, raised $80M (Joann Muller/Axios)

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In short

Oro Mobility, a Hertz-owned fleet management business, announced a deal to manage Uber's planned Lucid robotaxi fleet starting in San Francisco. The company raised $80 million, bringing its total funding to $120 million. The deal is expected to bring together the expertise of both companies to provide a more seamless and efficient transportation experience.

Key points

  • Oro Mobility is a Hertz-owned fleet management business.: Oro Mobility is a Hertz-owned fleet management business.
  • The funding brings its total to $120 million.: The funding brings its total to $120 million.
  • The deal will manage Uber's Lucid robotaxi fleet in San Francisco.: The deal will manage Uber's Lucid robotaxi fleet in San Francisco.

Sources checked by our analysis pipeline: 1

Saritha Rai / Bloomberg: |

OpenAI: |

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MacKenzie Sigalos / CNBC: |

Mike Allen / Axios: |

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Kate Rooney / CNBC: |

Jason Hiner / The Deep View: |

Mark Bergen / Bloomberg: |

Madison Mills / Axios: |

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Sarah Perez / TechCrunch: |

Politico: |

Katie McQue / NPR: |

Tim Fernholz / TechCrunch: |

Paul Sandle / Reuters: |

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Dana Wollman / Bloomberg: |

Sam Biddle / The Intercept: |

Luc Cohen / Reuters: |

The Information: |

Joann Muller / Axios: |

Bloomberg: |

Dennis Crowley / Teendrama Snippets: |

Chris Metinko / Axios: |

Bloomberg: |

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