Loan Porfolio Servicing Expands With 2 Rideshares and 7,000 Leases

  • Emma Sandler
  • September 14, 2017
Loan Portfolio Servicing (LPS), a servicing and management company of auto loans and leases, added 7,000 rideshare leases belonging to two different rideshare leasing companies to its portfolio yesterday. Last Updated: 14th September, 2017, 11:07 AM

Ola’s Leasing Division Secures $156M for Fleet Expansion

  • Emma Sandler
  • September 12, 2017
Ola Fleet Technologies Pvt. Ltd., the cab-leasing arm of taxi aggregator Ola, has received a loan for $156.3 million from Yes Bank to finance the purchase of commercial vehicles. As a part of the agreement, the vehicles purchased by Ola will remain as collateral, according to the company’s July filings with the Ministry of Corporate […]

Daimler Financial Continues Mobility Expansion With Turo Investment

  • Emma Sandler
  • September 7, 2017
Fresh off the announcement Tuesday that Daimler Financial Services — which operates Daimler AG’s mobility unit — is forming a joint venture with Via, the captive is now investing in carshare startup Turo. Turo raised $92 million in Series D funding with Daimler and SK Holdings — one of South Korea’s largest conglomerates — leading the round. The $92 million Series D funding brings […]

Toyota Financial Collaborates With Ride-Hail Service Grab

  • Emma Sandler
  • August 30, 2017
Toyota Financial Services — along with Toyota Motor Corp. and Aioi Nissay Dowa Insurance Co. — are forming a collaboration with Southeast Asia ride-hailing giant, Grab, the companies announced today. Last Updated: 30th August, 2017, 12:08 PM
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