Hertz Stock Rises After Oro Mobility Raises $80 Million for Autonomous Fleet Expansion

Hertz Global Holdings Inc. (NASDAQ: HTZ) shares rose 13.05% to $2.08 following the announcement that its majority-owned subsidiary, Oro Mobility, secured an $80 million strategic equity investment from a consortium including Cohen Private Ventures and Certares Opportunities. This investment will enable Oro to operate as a stand-alone platform, expanding its fleet of approximately 45,000 vehicles and enhancing its operational infrastructure and technology. Hertz will maintain majority economic ownership and continue to support Oro as a partner in its growth.