Ground innovation, part 2: A new model for car rental | PhocusWire

50 jobs are to be created by car rental software company CarTrawler as part of a €10m investment package.

The new positions will be across product, technology, operations, commercial and customer service.

The company says the expansion is the result of it securing fresh partnerships in new areas of the market during the pandemic.

These include a deal with Uber which it is helping to roll out the Uber Rent service around the world.

The company has also added other customers, such as Hopper, who are not dependent on air travel to do business.

The new roles will be based in the Dublin headquarters of Car Trawler which is to undergo a facelift to facilitate a change in the future working model.

This is because the firm has decided to shift to a permanent hybrid working arrangement for all staff.

Staff are also to be granted an equity pool so that they will benefit from any future sale of the business.

“One of the most important partnerships we have is with our people so we are shifting to an operating model that allows our staff to do their best work when and where they want, and to an operating model where our people can share in the long term success of the business,” said CarTrawler’s chief executive, Cormac Barry.

CarTrawler has suffered from the huge downward dip in travel arising from the global pandemic.

But the company says it is witnessing a strong rebound in travel in places that have reopened, including North America where business is back to 2019 levels.

The company expects there is significant pent-up demand everywhere, including in Ireland and the UK where the reopening of travel has been slower.

Last year UK based private equity group TowerBrook invested €100m in the CarTrawler business and took control of it.

CarTrawler management also injected cash as part of the deal.

This followed a restructuring of the company’s debt arising from the global travel ban brought on by the Covid-19 emergency.