About Avis Budget Group
Avis Budget Group is a company based in Parsippany Troy Hills (United States) founded in 1946.. The company has 24,000 employees as of December 31, 2024. Avis Budget Group has completed 9 acquisitions, including ACL Hire, Flairview Travel and France Cars. Avis Budget Group offers products and services including Avis, Budget, and Zipcar.
- Headquarter Parsippany Troy Hills, United States
- Employees 24000 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Avis Budget Group, Inc.
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Annual Revenue
$11.79 B-1.82as on Dec 31, 2024
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Net Profit
$-1.82 B-211.58as on Dec 31, 2024
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EBITDA
$5.51 B-5.07as on Dec 31, 2024
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Latest Funding Round
$403.91 M (USD), Debt – Conventional
Oct 04, 2018
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Investors
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Employee Count
24000
as on Dec 31, 2024
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Investments & Acquisitions
ACL Hire
& 8 more
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IPO & Listings of Avis Budget Group
Avis Budget Group is a publicly listed company on the NASDAQ with ticker symbol CAR in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Avis Budget Group
Avis Budget Group offers a comprehensive portfolio of products and services, including Avis, Budget, and Zipcar. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for car rental and mobility solutions worldwide
Affordable car rental options for consumers and businesses
On-demand car sharing platform for urban mobility needs
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Sales and Marketing
69 people
Leadership Team
50 people
Software Development Team
48 people
Finance and Accounting
41 people
Operations Team
38 people
Human Resources and Administration
34 people
Senior Team
16 people
District Team
8 people
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Funding Insights of Avis Budget Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $403.9M
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First Round
First Round
(04 Oct 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Debt – Conventional - Avis Budget Group | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Avis Budget Group
Avis Budget Group has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include ACL Hire, Flairview Travel and France Cars. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Hotels are operated by Needahotel.com in Ireland since 2021.
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2021 | ||||
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Provider of car hire services
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2011 | ||||
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Travel services are offered by Flairview Travel from Sydney.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Avis Budget Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avis Budget Group Comparisons
Competitors of Avis Budget Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avis Budget Group
Frequently Asked Questions about Avis Budget Group
When was Avis Budget Group founded?
Avis Budget Group was founded in 1946 and raised its 1st funding round 72 years after it was founded.
Where is Avis Budget Group located?
Avis Budget Group is headquartered in Parsippany Troy Hills, United States. It is registered at Parsippany Troy Hills, New Jersey, United States.
How many employees does Avis Budget Group have?
As of Dec 31, 2024, the latest employee count at Avis Budget Group is 24,000.
What is the annual revenue of Avis Budget Group?
Annual revenue of Avis Budget Group is $11.79B as on Dec 31, 2024.
What does Avis Budget Group do?
Provider of car truck rental services. The budget includes both budget car truck rental services. Budget cars are rented on an hourly basis while the budget trucks operate as a one-way rental business. Zipcars are rented for a minimum of an hour or a maximum of 7 days. Claims to work in 180 countries with 11,000 rental locations. In 2022, the company recorded annual revenues of 11.99B and a net profit of 2.76B.
What products or services does Avis Budget Group offer?
Avis Budget Group offers Avis, Budget, and Zipcar.
Is Avis Budget Group publicly traded?
Yes, Avis Budget Group is publicly traded on NASDAQ under the ticker symbol CAR.
How many acquisitions has Avis Budget Group made?
Avis Budget Group has made 9 acquisitions, including ACL Hire, Flairview Travel, and France Cars.
What is Avis Budget Group's ticker symbol?
The ticker symbol of Avis Budget Group is CAR on NASDAQ.
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