Hertz-Backed Oro Mobility Secures $80 Million Strategic Equity Investment to Accelerate Independent Growth
Business Wire•20/10/2026•07:05 ET
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Key Highlights
- ➤Oro Mobility secures $80 million strategic equity investment from a consortium of investors
- ➤Oro operates approximately 45,000 vehicles across every major U.S. mobility market
- ➤Hertz retains majority economic ownership and remains Oro’s fleet and corporate services partner
- ➤New capital will fund fleet, infrastructure, technology, talent and strategic partnership expansion
Expert Statements
Gil West, CEO of Hertz and Executive Chairman of Oro Mobility
“At Hertz, our strategy is anchored in the belief that our century of expertise can lead a new era of mobility, and Oro is a powerful example of that in action.”
Gil West, CEO of Hertz and Executive Chairman of Oro Mobility
“As ride-hail demand expands, autonomous vehicle deployments accelerate and consumers increasingly choose mobility services over personal car ownership, demand is growing for purpose-built operators like Oro.”
Gil West, CEO of Hertz and Executive Chairman of Oro Mobility
“This investment underscores the strong foundation we’ve built at Oro and the immense opportunity ahead, validating both Oro’s trajectory and Hertz’s transformation strategy.”
Doria Holbrook, CEO of Oro Mobility
“The future of mobility will be powered by professionally managed fleets.”
Doria Holbrook, CEO of Oro Mobility
“As new mobility models emerge, there will be growing demand for companies that can own, finance, operate and maintain vehicles at scale while delivering safe, reliable service.”
Doria Holbrook, CEO of Oro Mobility
“Oro was built to fill that role.”
Doria Holbrook, CEO of Oro Mobility
“This investment gives us the capital, focus and strategic partners to accelerate our growth and support the evolving mobility ecosystem.”
Andrew B. Cohen, Chief Investment Officer and Co-Founder of Cohen Private Ventures
“We believe Oro has established a differentiated position in a growing and dynamic mobility market.”
Andrew B. Cohen, Chief Investment Officer and Co-Founder of Cohen Private Ventures
“We look forward to supporting the team as they continue to scale Oro, strengthen its capabilities and deliver long-term value.”
Hertz-Backed Oro Mobility Secures $80 Million Strategic Equity Investment to Accelerate Independent Growth
Investment positions Oro to scale its platform across driver-led and autonomous mobility models
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