"Hertz will provide 'day-to-day vehicle asset management, including charging, maintenance, repairs, cleaning, and depot staffing' for the luxury robotaxi service. This service is expected to launch by the end of 2026 in the San Francisco Bay Area, utilizing Lucid's Gravity SUVs and Nuro's self-driving technology."
"'As the industry transitions from personally owned vehicles to commercially operated driver-led and autonomous fleets, Oro aims to fill a critical orchestration and operations gap,' according to Hertz's press release regarding its new affiliate, Oro Mobility."
"Hertz's previous ventures into electric vehicles included plans to purchase 100,000 EVs from Tesla and 175,000 from General Motors, although these deals were not fully realized, leading to a fire sale of EVs in early 2024 due to high maintenance costs."
Hertz will provide vehicle asset management for Uber's luxury robotaxi service, partnering with Lucid Motors and Nuro. The service is set to launch by the end of 2026 in the San Francisco Bay Area, utilizing Lucid's Gravity SUVs and Nuro's self-driving technology. Hertz's new affiliate, Oro Mobility, will handle charging, maintenance, repairs, and staffing. This move aligns with Hertz's strategy to adapt to the shift from personal vehicle ownership to commercial fleets, following its previous investments in electric vehicles from Tesla and General Motors.
Read at TechCrunch
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