RelayRides Raises $25 Million In Quest To Transform The Rental Car

RelayRides, the San Francisco-based car sharing service that’s going after the rental car industry, announced a $25 million funding round on Tuesday
The funding, a series B round, brings the company’s total fundraising to $44 million. Canaan Partners led the round which also included existing investors like Shasta Ventures, GoogleVentures, August Capital

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RelayRides started as a service for people to rent their idle cars by the hour to those in need of wheels. The company has since shifted its focus to long-term rentals, a more lucrative business than the hourly rentals it was advertising before. Included in their rental offerings are airport rentals akin to more established players like Avis, Hertz, and Dollar …
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Via: Mashable: Startups