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Hertz Corp Forms Joint Venture, Attracts $80.89 Million Investment

PRIVATEOct 16, 2026

Amount Raised

$80.9 Million

Round Type

Funding Round

Estero

Investors

Knighthead Capital Management LlcCertares Opportunities LLCCohen Private Ventures

Description

On October 16, 2026, Hertz Corporation entered into a joint venture agreement, resulting in an investment of approximately $80.89 million from several investors, including Cohen Private Ventures and Certares Opportunities LLC. The joint venture will enhance Hertz's mobility operations through Oro Mobility Holdings LLC. This follows a series of strategic asset transfers and agreements aimed at expanding their mobility business. The investment signifies strong confidence in Hertz's growth potential in the mobility market.

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Company Information

Company

Hertz

Location

Estero, Florida, United States

About

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., operates the Hertz, Dollar and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin America, Africa, the Middle East, Asia, Australia and New Zealand. The Hertz Corporation is one of the largest worldwide vehicle rental companies, and the Hertz brand is one of the most recognized globally. Additionally, The Hertz Corporation operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales.

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