Avis Budget Group

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 
 Otonomo (a wholly-owned subsidiary of Urgently, a provider of digital roadside and mobility assistance technology and services) is an Israeli startup offering a vehicle data platform to ingest, secure, cleanse, normalize, aggregate, and enrich car data from vehicles. Ottonomo&rsquo;s platform can be used for applications such as emergency services, mapping, traffic management, electric vehicle (EV) management, subscription-based services, micro-mobility, parking, predictive maintenance, insurance, media, in-vehicle services, and smart city solutions. The company has operations in the US, Canada, Europe, and Asia. As of February 2024, the company has sourced data from more than 50 million vehicles (with 18 million active vehicles) and tracked 330 billion miles while ingesting an average of 3.4 billion data points a day.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 As of December 2022, Otonomo had a total of 24 contracts with OEMs including BMW, Benz, Audi, Stellantis, 
 <a href="https://sp-edge.com/updates/15208">
 Renault,
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 Nissan, and Mitsubishi. The company also has partnerships with SAP
 <a href="https://sp-edge.com/updates/13842">
 (October 2022)
 </a>
 and smart mobility services provider Iteris (January 2023) to integrate its data platform with the partnering companies' platforms. It also acquired The Floow, a connected insurance solutions provider for carriers for USD 69 million (February 2022), and Neura, an advanced analytics solutions provider, for USD 50 million (October 2021) to complement its business.&nbsp;
 
 
 
 
 Funding and financials
 
 
 <a href="https://sp-edge.com/updates/16415">
 For the year ended December 2022,
 </a>
 Otonomo generated revenue of USD 7.0 million (a 4.1x increase YoY). Its non-GAAP operating loss stood at USD 55.4 million in 2022 (vs. USD 31.9 million in 2021). The company has been listed on Nasdaq since August 2021, via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 1.4 billion (February 2021). In 
 <a href="https://sp-edge.com/updates/23469">
 October 2023,
 </a>
 Urgently merged with Otonomo, following which Otonomo became a wholly-owned subsidiary of Urgently and took Urgently public.&nbsp;
 
 
 
</div>

Crispify is an innovative air quality monitoring and management system that works to revolutionize the mobility in-cabin user experience. Crispify patent-pending system is a cutting edge in-cabin air quality monitoring and management solution. Powered by cloud AI software, it is designed to offer car manufacturers, fleet operators, ride-sharing services, and autonomous mobility services the healthiest ride possible and an exceptional user experience in terms of wellness, comfort, and safety.

Otonomo fuels a data ecosystem of OEMs, fleets, and more than 100 service providers. Our platform securely ingests more than 4 billion data points per day globally from over 40 million vehicles licensed on the platform, then reshapes and enriches it, to accelerate time to market for new services that improve the in-and-around the car experience. Privacy by design and neutrality are at the core of our platform, which enables GDPR, CCPA, and other privacy-regulation-compliant solutions using both personal and aggregate data. Use cases include emergency services, mapping, EV management, subscription-based services, parking, predictive maintenance, insurance, media, in-vehicle services, traffic management, and smart city solutions.

CityMaaS provides personalised travel assistance to disabled people via a mobile app and web service. It uses self-adapting UI/UX front end that are functional specifically to the type of disabilities once a user profile is set up, and intelligent algorithm using machine learning at the back end to continuously learn users travel behaviour so as to provide optimal options to users in real time. CityMaaS Assist provides end to end service from discovery, routing and essential information providing to booking and payment of each journey door to door in smart cities.

Avis Budget Group, Inc. (Avis Budget) operates two brands in the global vehicle rental industry through Avis and Budget. Avis is a rental car supplier positioned to serve the commercial and leisure segments of the travel industry and Budget is a rental car supplier focused primarily on more value-conscious segments of the industry. It operates in three segments: North America, consisting of its Avis and Budget car rental operations in the United States and its Avis and Budget vehicle rental operations in Canada; International, consisting of its Avis and Budget vehicle rental operations in Europe, the Middle East, Asia, Africa, South America, central America, the Caribbean, Australia and New Zealand, and Truck Rental, consisting of its Budget truck rental operations in the United States. On October 3, 2011, the Company acquired Avis Europe plc. In July 2013, Avis Budget Group Inc acquired Payless Car Rental. `

<div> Avis Budget Group, Inc. (Nasdaq: CAR) is a leading global provider of mobility solutions. Founded in 1946 and headquartered in Parsippany, New Jersey, the company operates some of the most recognized brands in the vehicle rental industry including Avis, Budget, and Zipcar. In 2023, Avis Budget Group reported record annual revenue of USD 12.0 billion. Avis Budget Group offers a wide range of vehicle rental services: <ul> <li> Avis: Targets premium commercial and leisure segments with vehicle rental and other mobility solutions. </li> </ul> <ul> <li> Budget: Focuses on value-conscious customers for car rentals and truck rentals. </li> </ul> <ul> <li> Zipcar: Provides car sharing network services. </li> </ul> <ul> <li> Payless: Offers budget-friendly car rental options. </li> </ul> <ul> <li> Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and others: Various regional car rental brands. </li> </ul> As of September 2024, Avis Budget Group operates approximately 10,250 rental locations in around 180 countries. The company has implemented several strategic initiatives to enhance customer experience, including the Avis Preferred loyalty program and mobile app features for streamlined rentals. Avis Budget Group has also expanded its fleet to include more electric and hybrid vehicles as part of its sustainability efforts. The company continues to focus on leveraging technology and data analytics to improve operational efficiency and drive growth in the evolving mobility landscape. </div>

Car Sharing Market Size to Reach $17.8 Billion by 2032: Hertz Global Holdings, Inc., Avis Budget Group, Inc, SIXT

Riding together toward a sustainable future

Shared Mobility

Short-term car rental platforms, often in the form of a marketplace, that allow users to rent a car by the hour, on-demand.

Platforms that facilitate carpooling on-demand, allowing drivers and passengers to organize shared rides with one another. Also includes those that offer pre-arranged car pooling services but excludes van and bus sharing services.

Platforms that connect passengers with personal drivers on-demand, for dedicated rides.

Platforms that gives commuters access to transportation options such as bikes, scooters, segways, etc. that are designed for short distances, typically under 5 miles. The segment includes bike and scooter sharing services excluding hailing services.

Platforms that offer multi-passenger/pooled shuttle buses or vans on-demand or a fixed schedule, including van and bus sharing

Travel Tech

Platforms to search, compare, plan, and/or book flights, hotels, buses, trains and travel packages.

Platforms to search, compare, plan, and book alternative lodging in privately owned properties, including apartments and homes

Platforms to search, compare, plan, and book tours, events, and other travel-related recreational activities

Providers of corporate travel management solutions that help businesses with planning, controlling, tracking, and reporting on business travel activities, as well as distribution solutions and B2B booking engines

Car rental and ride-sharing solutions for long-distance travel

Providers of battery-powered luggage products equipped with technologies such as USB charging, built-in scales, TSA-approved locks, and real-time location tracking via GPS and cellular networks

Providers of technology-enabled solutions to enhance the guest experience, such as contactless and automated check-in services.

Providers of technology-based solutions for accommodation providers, tour/experience operators to optimize revenue and operations.

Avis Budget Group

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