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PSA Invests in TravelerCar Parking and Rental Scheme

PSA Group has invested in TravelerCar, a digital business offering parking, car sharing and car rental.

TravelerCar offers three types of service that are available in airports, train stations and city centres to make daily life easier for car owners and renters:

A free parking solution for car owners who make their vehicle available for rent. In addition, car owners are remunerated if their vehicle is rented out. TravelerCar provides comprehensive insurance coverage for the vehicle and manages the rental process from start to finish

An advantageous-price parking solution for car owners who prefer not to share their vehicle

A reduced-rate car rental option for individuals. This service is provided through TravelerCar rental agencies, which serve as a link between renters and owners

Founded in 2012, the start-up now has a network of 80 agencies and over 100,000 users in six countries: France (including the overseas departments and territories), Spain, the Netherlands, Germany, Switzerland and Belgium.

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