Hertz and Polestar have officially announced their global partnership that will last for up to five years. The contract includes the purchase of 65,000 Polestar EVs during that duration, which will be used for business and leisure customers, as well as rideshare drivers.
Hertz will initially order the Polestar 2 for its fleet. The rental EV is expected to be available in the spring of 2022 in Europe, and late 2022 in North America and Australia.
For the record, this move follows on from an earlier announcement in October last year, which aimed to become the largest EV rental fleet in North America and one of the largest in the world – an announcement made after coming out of bankruptcy in 2021.
Hertz struggled during the height of the pandemic in 2020. He reportedly owed $17 billion, prompting a move to file for bankruptcy. However, the company was able to emerge from bankruptcy in July 2021 as a “much stronger company.”
In its quest to become one of the leaders in the market, Hertz announced that it will offer the largest EV rental fleet in North America. Tesla was one of the first names to appear in line with the announcement, but it definitely didn’t work out.
“We are excited to partner with Polestar and look forward to introducing their premium EV products into our retail and rideshare fleet,” Hertz CEO Stephen Scherr said in a statement.
Meanwhile, Hertz is currently starting a problem that is far from bankruptcy. It is reported that they are facing false arrest claims from 230 plaintiffs who are currently suing the car rental company. This legal action could cost Hertz more than $500 million.
Hertz has issued a statement on the matter, saying that “in the legal matters under discussion, attorneys have a track record of making unsubstantiated claims that blatantly misrepresent the facts.”