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Avis Budget Group provides global mobility solutions, offering a comprehensive suite of car and truck rentals alongside on-demand car-sharing services. The company integrates various well-known brands to deliver diverse vehicle access points, ensuring customers can find transportation options where and when needed. Their operational approach emphasizes a personalized end-to-end rental experience, leveraging technology to streamline processes across their multi-brand portfolio.
The foundations for Avis Budget Group were laid by two distinct ventures. Warren Edward Avis established Avis Car Rentals in 1946, pioneering the concept of airport car rental to capitalize on the burgeoning air travel sector. Subsequently, Morris Mirkin founded Budget Rent A Car in 1958 with a focus on providing value-driven rental options. Avis Budget Group formed through the strategic consolidation of these established brands, building on their respective legacies.
The customer base for Avis Budget Group spans a broad spectrum, including leisure travelers, business clients, and individuals seeking flexible, short-term vehicle access. The company's overarching vision is centered on continuous innovation in transportation solutions, aiming to enhance the personalized rental experience and contribute to a more sustainable future for mobility services by expanding access and convenience for users worldwide.
Key people at Avis Budget Group.
Avis Budget Group was founded in 1946 by Warren Avis (Founder) and Jules Lederer (Founder) and Henry Silverman (Founder).
Avis Budget Group was founded in 1946 by Warren Avis (Founder) and Jules Lederer (Founder) and Henry Silverman (Founder).
Key people at Avis Budget Group.
Avis Budget Group has 1 tracked investment across 1 company. The latest tracked deal is $46.0M Series C in Otonomo in April 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2020 | Otonomo | $46.0M Series C | — | Andreessen Horowitz, Bessemer Venture Partners, BMW I Ventures, DCM, DN Capital, Expa, G2vp, Marathon Venture Capital, NGP Capital, Quiet Capital, SNR, Structure Capital, TA Ventures, Trust Ventures, Greg Kidd, Konstantin Othmer, Matthias Hilpert, TIM Ferriss, Christian Noske, SK |