Oro Mobility raises $80 million with Steve Cohen backing
AI summary
Axios reporter Joann Muller reported that Oro Mobility, a Hertz-owned fleet management business, raised $80 million in a new investment backed by billionaire hedge fund investor Steve Cohen. Oro Mobility has a deal to manage Uber's planned Lucid robotaxi fleet starting in San Francisco, but the report does not say the new investment was raised specifically for that fleet.
In-depth insight
The investment provides capital to a business with a deal to manage Uber's planned Lucid robotaxi fleet in San Francisco.
This source provides an excerpt. Continue reading on the original site.