Polestar

Rental car company Hertz has accelerated electrifying its global fleet with a new announcement of a large EV purchase. After ordering 100,000 EVs from Tesla ...

Hertz became the first rental car company to add Tesla to its fleet – helping Tesla reach a $1 trillion market value. Facing bankruptcy risks during the pandemic period, Hertz restored its financial health with $5.9 billion in funding from investors. Rental car company Hertz has announced yet another large EV purchase, accelerating the electrification of its global fleet.

Hertz will initially order Polestar 2 EVs, but did not say if the entire order of 65000 vehicles will also include other upcoming models from the Swedish ...

According to Automotive News, the five-year global deal should represent more than $3 billion of potential revenue for the EV startup. "Today's partnership with Polestar further builds on our ambition to become a leading participant in the modern mobility ecosystem and doing so as an environmentally-forward company. Hertz says the partnership is part of its ongoing commitment to lead in electrification, shared mobility and a digital-first customer experience.

Partnership will give Hertz the largest EV rental fleet in North America and one of the largest in the world.

"For many of them it may be the first time they have driven an EV, and it will be a Polestar." "Today's partnership with Polestar further builds on our ambition to become a leading participant in the modern mobility ecosystem and doing so as an environmentally-forward company," Stephen Scherr, Hertz CEO said. In addition to making the fleet available to its business and leisure customers, Hertz today said it would be extending access to EVs to rideshare drivers as it looks to further accelerate electrification of its fleet.

The electric carmaker and the rental agency formed a partnership that would see 65000 cars added to rental lots over five years.

Over the next five years, it plans to roll out the Polestar 3 and 4 SUVs and the Polestar 5 sports car. "This action gets Polestar well past the soft launch stage it had been in until this year and helps establish it as a much more prominent player in the EV space." For many of them it may be the first time they have driven an EV, and it will be a Polestar."

The partnership with Polestar builds on Hertz's announcement last October to offer its customers the largest EV rental fleet in north America and one of the ...