Peer-to-peer car sharing network Car Next Door has raised $2 million in a funding round led by Hyundai, with participation from existing backer Caltex.
Carsales CIO Jason Blackman said the Melbourne company has sought to maintain the startup ethos it set out with upon launch in 1997.
Peer-to-peer car sharing network Car Next Door has closed a $5 million Series B round, with the round comprising investment from existing backers Caltex and Investible and a portion raised through equity crowdfunding platform Equitise.
Rideshare vehicle rental startup Splend has raised $7.2 million in funding, handing over a 12.5 percent stake to Toronto Stock Exchange-listed company Element Fleet Management.
Pickles has launched Pickles Ventures, an innovation arm which will focus on incubating early-stage startups with ideas that align with the company’s goals.
While the Australian auto market is thriving with popular car sales websites such as CarSales and CarsGuide, it is difficult to find a truly end-to-end service. Looking to provide consumers with the full package is ApprovalBuddy.