Silvercar Motors raises $28M Series C

Silvercar announced its largest capital raise to date with a $28 million Series C equity issuance led by Audi. The Series C announcement comes as Silvercar unveils its enhanced digital and mobile platforms designed for an optimized user experience and expands into Las Vegas, its 12th market. Silvercar also received funding from Series B investors including Austin Ventures and Eduardo Saverin, co-founder of Facebook.

From reservation to return, Silvercar has re-imagined car rental. What does that mean? It means that they have worked hard to eliminate many of the hassles that have plagued this industry for years. But they haven’t just improved the car rental process; they have truly re-imagined what it could (and should) be.

First, they start with a premium car – an Audi A4. Add to that a downloadable app that gives you control over the entire experience, from accessing your car to receiving your receipt. Wireless, paperless, and, most importantly, painless for you, the traveller with places to go.

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