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Home » HyreCar closes $100M revolving warehouse line

HyreCar closes $100M revolving warehouse line

AmeriDrive will use the credit line to add 6K-7K vehicles to the car-sharing platform

Joey PizzolatobyJoey Pizzolato
September 9, 2022
in Capital & Funding
Reading Time: 3 mins read
0
A sign above the entrance to a Credit Suisse Group AG bank branch in Geneva, Switzerland, on Monday, July 25, 2022. Credit Suisse report 2Q earnings on July 27.

Photographer: Jose Cendon/Bloomberg

Car-sharing service HyreCar has closed a $100 million revolving asset-backed warehouse facility with Credit Suisse in the first step of a broader white-label financing solution that will allow its fleet operators the necessary capital to source additional inventory. HyreCar’s largest fleet operator, AmeriDrive Holdings, will use the facility to purchase an additional 6,000 to 7,000 […]

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Tags: asset backed securitiesCredit SuisseHyrecarPremiumwarehouse facility
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