SCHEDULE 13D/A·October 20, 2026 at 8:00 AM EDT·2 sources
Steve Cohen backs Hertz’s robotaxi ambitions with $80 million investment
HTZ -6.4%
HTZ · last 30 trading days+10.9% since the news
News
raise, log scale$80M
$100M$1B$10B$100B
What happened
- Cohen Private Ventures, Certares Opportunities and Knighthead Capital Management invested $80 million in Hertz’s Oro Mobility unit.
- The investment will fund vehicle purchases, depots, charging infrastructure and related technology for Oro Mobility’s robotaxi ambitions.
Investment
$80 million
Why it matters
The investment signals sponsor-backed capital deployment into autonomous mobility and related infrastructure, relevant to technology investors and private-capital professionals.
Deal terms
raise
Cohen Private Ventures, Certares Opportunities and Knighthead Capital Management → Oro Mobility
Value
$80M
Investors
Cohen Private Ventures, Certares Opportunities, Knighthead Capital Management
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Timeline
- EarlierOct 13Hertz Global Holdings, Inc.: Executive or director change
- EarlierOct 20Hertz-Backed Oro Mobility Secures $80 Million Strategic Equity Investment to Accelerate Independent Growth
- EarlierOct 20Hertz Global Holdings, Inc.: Material agreement
- First reported by AxiosOct 20Steve Cohen backs Hertz’s robotaxi ambitions with $80 million investment
- Form SCHEDULE 13D/AOct 21CK Amarillo LP discloses a stake in Hertz Global Holdings, Inc. (amended)
Who is involved
investing inSteve Cohen backs Hertz’s robotaxi ambitions with $80 million…Oro MobilitytargetCohen Private Ventures, Certares Opportunities and Knighthead Capital ManagementbuyerHertzHTZSteve Cohen
CompanyInvestorPersonThe deal
Sources (2)
Related
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