Tag · 2 stories
#Splend
Funding | Investment ◆
Splend secures $7.2m to further expand its share economy vehicle network globally
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 […]
James Harkness · 2 min
Apps ◆
Could Splend mark the advent of a business trend that enables the share economy?
If you’ve ever requested an Uber ride to be later picked up by a 4×4, fuel guzzling behemoth of a vehicle, you’ll understand where this idea came from. Chris King, an avid user of Uber services, realised that there were two potential inhibitors to the flow of new drivers to the platform. While noticing that a […]
Daniel Jacobs · 2 min