Splend secures $7.2m to further expand its share economy vehicle network globally

Summary

Splend, Australia’s leading supplier of rental vehicles for the ride sharing drivers, has secured a $7.2 million investment from Element Fleet Management, positioning it realise the next phase of its global expansion plans. In exchange for the strategic investment, Element has secured a 12.5% stake in the two-year-old business, which previously received funding from Investec […]

Tags: capital raise, Chris king, Element Fleet Management, Investment, ride share, share economy, Splend, start up