Estero-based Hertz lands $80 million investment for its Oro Mobility fleet unit
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Hertz, headquartered in Estero, announced Oct. 20 that its fleet management business Oro Mobility secured an $80 million strategic equity investment from a group that includes Cohen Private Ventures and funds tied to Certares and Knighthead. Hertz keeps majority economic ownership of Oro, which manages about 45,000 vehicles for rideshare rentals, driver-led fleets and autonomous vehicles in major U.S. markets.
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Also reported by: Hertz Newsroom, Naples Daily News, 24/7 Wall St.
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