BMW Investment in Fair Signals Potential Partnership

  • Natalie Mattila
  • November 17, 2017
BMW i Ventures’ recent investment in Fair — a used-car, no commitment leasing app — might evolve into a “strategic business partnership,” Fair Co-Founder Georg Bauer said at the Auto Finance Summit. “There are ways of turning this monetary investment into a strategic business partnership,” Bauer said, adding that, for now, it is “a starting point” […]

Fair to Close Funding Round, Secures Offers for Nearly $1 Billion in Capital

  • Natalie Mattila
  • October 23, 2017
Fair — a used-car, no commitment leasing app — is closing a strategic funding round for an undisclosed amount and has additionally secured offers for nearly $1 billion in capital from a group of institutional investment banks, the company announced today. The funding round was led by BMW i Ventures, and includes investments from other strategic […]

VC Firm Poised to Invest in Mobility Startups by Yearend

  • Emma Sandler
  • October 6, 2017
Autotech Ventures, a venture capital firm that primarily invests in startups, will announce several investments in ground transportation companies within the next few months, Quin Garcia, managing director of the VC, told Auto Finance News. “We are actively looking at several companies across the ground transportation spectrum, but unfortunately cannot go into specifics beyond that,” […]

Xchange Leasing May Not Be Shuttered as Uber Still Pursues Buyers

  • Emma Sandler
  • October 3, 2017
Uber Technologies Inc.’s Xchange Leasing program may not be out of the game yet, Auto Finance News has learned. After months of losing money — and weeks of speculation — Uber announced yesterday that it was beginning to wind down its subprime leasing program in the U.S. market. But the rideshare company is still pursuing buyers, a company spokesman […]

10 VC Firms Investing in the Mobility of the Future

  • Emma Sandler
  • October 2, 2017
Behind every startup funding round there’s an eager venture capital firm waiting for its investment to mature. By some accounts, the mobility industry will be worth $3 trillion dollars across the various connected, shared, autonomous vehicle space as it continues to evolve and grow. Last Updated: 2nd October, 2017, 11:47 AM
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