Fair

Fair is a vehicle leasing company that offers a mobile application designed to simplify the leasing process. Founded in 2016 and headquartered in Santa Monica, California, Fair allows users to shop for, get approved for, and pay for a car entirely through their smartphones, requiring only a driver's license and a bank account. The service embodies the car-as-a-service concept, providing customers with the ability to choose their vehicle, set mileage limits, and manage payments easily. This platform emphasizes flexibility, enabling customers to drive the car for as long as they wish without the long-term commitments associated with traditional leasing or financing options.

Lisa Russell

Executive Vice President of People and Culture

4 past transactions

Canvas

Acquisition in 2019
Canvas is an online platform based in San Francisco that specializes in month-to-month car subscriptions, aiming to simplify car ownership for modern drivers. The service includes essential features such as insurance, maintenance, warranty coverage, and roadside assistance, providing a comprehensive solution for those seeking flexibility. Canvas addresses the challenges of traditional car ownership by offering a seamless alternative that caters to the needs of individuals participating in ridesharing, delivery, and on-demand services. By connecting prospective drivers with fuel-efficient hybrid vehicles, Canvas enables them to quickly access short-term leases and earn income through driving opportunities, regardless of their financial situation.

Skurt

Acquisition in 2018
Skurt is a technology and logistics platform that offers the easiest way to get access to a car, and drive. With just a few taps users can have a car delivered right to their home, hotel or office and drive, anywhere. Customers request a rental on their phone and can have a car delivered to them within 60 minutes of booking. When they’re done, they set up a pick-up time and someone comes to get the car from wherever they are. Skurt is currently operating in Los Angeles, San Diego and Miami on both iOS and Android, and has delivered “tens of thousands of cars.”

Xchange Leasing

Acquisition in 2018
Xchange Leasing is an American auto-leasing company that specializes in providing flexible leasing options tailored for Uber driver partners. The company offers drivers in the U.S. access to vehicles through a simple and intuitive mobile app, allowing for straightforward monthly payments. This flexibility enables drivers to lease cars for extended periods and return them whenever necessary, alleviating the challenges of purchasing vehicles from traditional sources. By facilitating an easier path to becoming Uber partners, Xchange Leasing supports drivers in their efforts to earn income while maintaining vehicle accessibility.

Beepi

Acquisition in 2016
Beepi is a Los Altos, California-based company that operates an online peer-to-peer marketplace for buying and selling used cars. Launched in April 2014, Beepi aims to modernize the used car sales process, offering a platform that allows users to conduct transactions entirely through a smartphone or computer. The service eliminates the need for traditional car dealerships, negotiations, and hidden fees, providing a transparent and efficient alternative for both buyers and sellers. Sellers can list their vehicles, receive professional inspections, and have the option for Beepi to purchase the car if it does not sell through the platform. This innovative approach simplifies the experience of buying and selling used cars, making it more accessible to individuals.
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