Avis Budget Group Announces Multi-Year Strategic Partnership with Waymo
Avis Budget Group (NASDAQ: CAR) has announced a strategic multi-year partnership with Waymo to launch and scale a fully autonomous ride-hailing service in Dallas. Under the agreement, Avis will serve as Waymo's fleet operations partner, providing infrastructure, vehicle readiness, maintenance, and depot operations.
The partnership marks Avis's evolution from a traditional rental car company to a fleet management provider for autonomous mobility. Initial testing is already underway, with the public launch scheduled for 2026. The collaboration positions Avis to leverage its core fleet management expertise in the growing autonomous vehicle sector, with plans to expand to additional cities in the future.
Avis Budget Group (NASDAQ: CAR) ha annunciato una partnership strategica pluriennale con Waymo per lanciare e sviluppare un servizio di ride-hailing completamente autonomo a Dallas. Secondo l'accordo, Avis agir脿 come partner per le operazioni della flotta di Waymo, offrendo infrastrutture, preparazione dei veicoli, manutenzione e gestione del deposito.
Questa collaborazione segna l'evoluzione di Avis da azienda tradizionale di noleggio auto a fornitore di gestione flotte per la mobilit脿 autonoma. I test iniziali sono gi脿 in corso, con il lancio pubblico previsto per il 2026. La partnership consente ad Avis di sfruttare la sua esperienza nella gestione delle flotte nel settore in crescita dei veicoli autonomi, con l'intenzione di espandersi in altre citt脿 in futuro.
Avis Budget Group (NASDAQ: CAR) ha anunciado una asociaci贸n estrat茅gica plurianual con Waymo para lanzar y ampliar un servicio de transporte aut贸nomo en Dallas. Seg煤n el acuerdo, Avis ser谩 el socio encargado de las operaciones de la flota de Waymo, proporcionando infraestructura, preparaci贸n de veh铆culos, mantenimiento y gesti贸n de dep贸sitos.
Esta colaboraci贸n marca la evoluci贸n de Avis de una empresa tradicional de alquiler de coches a un proveedor de gesti贸n de flotas para movilidad aut贸noma. Las pruebas iniciales ya est谩n en marcha, con el lanzamiento p煤blico previsto para 2026. La alianza posiciona a Avis para aprovechar su experiencia en gesti贸n de flotas en el creciente sector de veh铆culos aut贸nomos, con planes de expandirse a m谩s ciudades en el futuro.
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Avis Budget Group (NASDAQ: CAR) a annonc茅 un partenariat strat茅gique pluriannuel avec Waymo pour lancer et d茅velopper un service de transport autonome 脿 Dallas. Dans le cadre de cet accord, Avis sera le partenaire op茅rationnel de la flotte de Waymo, fournissant l'infrastructure, la pr茅paration des v茅hicules, la maintenance et la gestion des d茅p么ts.
Ce partenariat marque l'茅volution d'Avis, passant d'une entreprise traditionnelle de location de voitures 脿 un fournisseur de gestion de flotte pour la mobilit茅 autonome. Les premiers tests sont d茅j脿 en cours, avec un lancement public pr茅vu pour 2026. Cette collaboration permet 脿 Avis de mettre 脿 profit son expertise en gestion de flotte dans le secteur en pleine croissance des v茅hicules autonomes, avec des plans d'expansion vers d'autres villes 脿 l'avenir.
Avis Budget Group (NASDAQ: CAR) hat eine strategische mehrj盲hrige Partnerschaft mit Waymo angek眉ndigt, um einen vollst盲ndig autonomen Ride-Hailing-Service in Dallas zu starten und auszubauen. Im Rahmen der Vereinbarung wird Avis als Flottenbetriebs-Partner von Waymo fungieren und Infrastruktur, Fahrzeugvorbereitung, Wartung sowie Depotbetrieb bereitstellen.
Die Partnerschaft markiert die Weiterentwicklung von Avis von einem traditionellen Mietwagenunternehmen zu einem Flottenmanagementanbieter f眉r autonome Mobilit盲t. Erste Tests laufen bereits, der 枚ffentliche Start ist f眉r 2026 geplant. Die Zusammenarbeit erm枚glicht es Avis, seine Kernkompetenzen im Flottenmanagement im wachsenden Bereich autonomer Fahrzeuge einzusetzen und plant eine Expansion in weitere St盲dte.
- Strategic entry into high-growth autonomous vehicle sector
- Expansion beyond traditional car rental into fleet management for autonomous vehicles
- Leverages existing core competencies in fleet management
- Potential for expansion to additional cities beyond Dallas
- Service launch not until 2026, indicating extended timeline for revenue impact
- Significant operational and infrastructure investments likely required
- Potential risks associated with emerging autonomous vehicle technology
Insights
Avis's partnership with Waymo marks strategic expansion beyond car rentals into high-growth autonomous fleet management, leveraging existing operational expertise.
This partnership represents a significant strategic pivot for Avis Budget Group, extending beyond its traditional rental car business into the autonomous vehicle ecosystem. By serving as Waymo's fleet operations partner in Dallas, Avis is monetizing its core competency in fleet management while positioning itself in a high-growth technology sector.
The agreement leverages Avis's 75+ years of operational expertise in vehicle maintenance, readiness, and depot management - critical infrastructure components for autonomous vehicle networks. This partnership creates a new revenue stream without requiring Avis to develop autonomous technology itself, effectively allowing the company to participate in the autonomous revolution with minimal technology risk.
Most significantly, this represents a structural business model evolution from travel-focused car rentals to becoming the operational backbone for next-generation mobility networks. CEO Brian Choi's statement confirms this is a deliberate strategic shift, not merely an incremental business arrangement.
The multi-year nature of the partnership provides predictable revenue potential, while the mention of expansion to additional cities signals a scalable growth opportunity. For Avis, this partnership creates a pathway to diversify beyond the cyclical rental car business into a potentially more stable and growing autonomous fleet management category.
With initial testing already underway and public launch planned for 2026, this partnership positions Avis to capitalize on autonomous mobility years before widespread consumer adoption, establishing an early-mover advantage in fleet operations for autonomous networks.
PARSIPPANY, N.J., July 29, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR), a leading global provider of mobility solutions, today announced a multi-year strategic partnership with Waymo, the leader in self-driving technology, to launch and scale a fully autonomous ride-hailing service in Dallas.
Through this agreement, Avis Budget Group will serve as Waymo鈥檚 fleet operations partner in Dallas, delivering end-to-end services including infrastructure, vehicle readiness, maintenance, and depot operations. Waymo will offer its ride-hailing service directly to the public via the Waymo app, while maintaining responsibility for validation and performance of the Waymo Driver. Initial testing is already underway in Dallas with the public launch slated for 2026.
For over 75 years, Avis has been a leader in the rental car industry. This new strategic partnership reflects an ambition to grow beyond travel and actively shape the future of mobility. It demonstrates Avis鈥檚 ability to monetize its core strengths in large scale fleet management within a high-growth category at the forefront of technology. Avis is establishing its place as a strong partner to support and scale the operational backbone of autonomous vehicle networks.
Brian Choi, Chief Executive Officer of Avis Budget Group, Inc. said, 鈥淥ur partnership with Waymo marks a pivotal milestone in our evolution, from a rental car company to a leading provider of fleet management, infrastructure and operations to the broader mobility ecosystem. Together, we鈥檙e committed to making scaled autonomous mobility a reality for the people of Dallas, with plans to expand to additional cities in the near future.鈥�
Tekedra Mawakana, co-CEO, Waymo, said, "We look forward to bringing our fully autonomous ride-hailing service to the people of Dallas next year, offering a new era of safe and seamless transportation. Working together with our fleet partner Avis, Waymo will offer more riders a stress-free way to get around.鈥�
Waymo and Avis are proud to usher in a new era of urban transportation to the people of Dallas. We look forward to this initial phase of our partnership and intend on scaling autonomous mobility to more cities together over time.
ABOUT AVIS BUDGET GROUP
We are a leading global provider of mobility solutions, both through our Avis and Budget brands, which have approximately 10,250 rental locations in approximately 180 countries around the world, and through our Zipcar brand, which is the world's leading car sharing network. We operate most of our car rental locations in North America, Europe and Australasia directly, and operate primarily through licensees in other parts of the world. We are headquartered in Parsippany, N.J. More information is available at avisbudgetgroup.com.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release constitute 鈥渇orward-looking statements.鈥� Any statements that refer to outlook, expectations or other characterizations of future events, circumstances, or results, including the partnership with Waymo discussed in this press release, are forward-looking statements. Various risks that could cause future results to differ from those expressed by the forward-looking statements included in this press release include, but are not limited to, risks related to the partnership with Waymo discussed in this press release, regulatory requirements and the other factors described in the 鈥淩isk Factors鈥� and 鈥淔orward-Looking Statements鈥� sections of Avis Budget Group鈥檚 Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Accordingly, actual results, levels of activity, performance, achievements, and events could differ materially from those stated, anticipated or implied by such forward-looking statements. The Company undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances.
| Investor Relations Contact: David Calabria, [email protected] | 听 听 听 听 听 听 听 听 | Media Relations Contact: Media Relations Team, [email protected] |
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