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.
Splend, a company which hires out cars to those wanting to join the ranks of rideshare drivers, has received backing from Investec Australia.
Enter Splend, an Australian car rental startup that provides customers with brand new vehicles specifically for the purposes of on-demand driving services such as Uber.
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