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UBER Uber Technologies Inc

66.70
-3.73 (-5.30%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Uber Technologies Inc NYSE:UBER NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -3.73 -5.30% 66.70 67.20 63.8353 64.64 84,645,176 01:00:00

Hertz, Uber Partner to Add Up to 50,000 Teslas to Uber Network by 2023

27/10/2021 1:21pm

Dow Jones News


Uber Technologies (NYSE:UBER)
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By Michael Dabaie

 

Hertz Global Holdings Inc. on Wednesday said it partnering with Uber Technologies Inc. to add up to 50,000 Tesla vehicles to the Uber network by 2023.

The deal comes days after Hertz said it is making a significant investment in an EV rental fleet, including an initial order of 100,000 Teslas by the end of 2022 and new EV charging infrastructure across the globe.

Hertz and Uber said Wednesday they are in a new exclusive partnership to make up to 50,000 Teslas available by 2023 for drivers to rent when using the Uber network.

Starting Nov. 1, drivers can rent Teslas from Hertz in Los Angeles, San Francisco, San Diego, and Washington, D.C., with a nationwide expansion planned in the coming weeks.

Hertz said the vehicles will come from its initial order, and future orders as the program grows.

The companies said the deal offers consumers access to the Tesla Supercharger network and Uber's EVgo discounts, as well as other financial benefits through Uber's Green Future program.

"Today's partnership with Uber is another major step forward in Hertz becoming an essential component of the modern mobility ecosystem and executing on our commitment to being an environmentally forward company," said Mark Fields, Hertz's interim CEO.

Hertz said Monday that beginning in early November and expanding through year end, its customers will be able to rent a Tesla Model 3 at Hertz airport and neighborhood locations in U.S. major markets and some cities in Europe.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

October 27, 2021 08:06 ET (12:06 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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