Hertz-Backed Oro Mobility Secures $80 Million Outside Investment

07:50 AM EDT, 10/20/2026 (MT Newswires) -- Hertz-backed (HTZ) Oro Mobility has secured an $80 million strategic equity investment from a consortium of investors, including Cohen Private Ventures and certain funds or accounts affiliated with Certares Opportunities and/or Knighthead Capital Management or an affiliate, Hertz said Tuesday. The investment establishes Oro as a standalone growth platform with dedicated capital, flexibility and strategic focus, the company said. The fresh capital will be used to expand Oro's fleet, operational infrastructure, technological capabilities, talent and strategic partnerships, it said. Hertz will retain majority ownership of Oro, the company said.