Fair

Fair is a car leasing company headquartered in Santa Monica, California, founded in 2016. The company has developed a mobile application that facilitates vehicle leasing services, allowing users to shop for, get approved for, and pay for a car directly from their smartphones using only a driver's license and a bank account. Fair's platform offers customers the flexibility to choose their desired vehicle, select mileage options, and manage payments all within the app. This innovative approach embodies the car-as-a-service (CaaS) model, providing individuals with the freedom to drive the car they want for as long as they wish, while also allowing them the option to return the vehicle at any time without the long-term commitments typically associated with traditional vehicle financing or leasing.

Lisa Russell

Executive Vice President of People and Culture

kirk shryoc

Interim CFO

4 past transactions

Canvas

Acquisition in 2019
Canvas is an online platform that offers month-to-month car subscriptions. All of our cars come with everything you need to hit the road, like insurance, maintenance, warranty coverage, and roadside assistance. At Canvas, our mission is simple: rethink car ownership to meet the needs of the modern day driver. With the rise of ridesharing, car sharing, and a variety of other transportation services, there are more options to get you from point A to point B than ever before. However, no one has been able to tackle the longstanding problems associated with car ownership. How can you make owning a car easier and more seamless? That’s what we’re here to do.

Skurt

Acquisition in 2018
Skurt is a technology and logistics platform that provides an on-demand car rental service, allowing users to conveniently access a vehicle through a mobile application. Customers can request a car to be delivered to their location—be it home, hotel, or office—within 60 minutes, with the flexibility to schedule a pick-up after their usage. The platform eliminates the inconveniences often associated with traditional car rentals, such as paperwork, lines, underage fees, and fuel costs, making it accessible for both locals and visitors. Currently operational in Los Angeles, San Diego, and Miami, Skurt has successfully delivered tens of thousands of vehicles, offering rentals on a daily, weekly, and monthly basis.

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 enables drivers across the United States to access vehicles on a long-term basis without the burdensome obligation of traditional car ownership. Through its user-friendly mobile app, Xchange Leasing facilitates straightforward monthly payments, allowing customers the freedom to lease a car for as long as they need and return it whenever they choose. By offering an accessible car leasing platform, Xchange Leasing simplifies the process for Uber drivers, helping them become partners and alleviating the challenges associated with purchasing vehicles from external sources.

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 transform the traditional used car market by providing a platform that eliminates the need for in-person negotiations and dealership visits. Sellers can list their vehicles by describing them and obtaining a professional inspection, while buyers can browse available cars seamlessly through a smartphone or PC. If a vehicle does not sell through the marketplace, Beepi offers to purchase it directly, ensuring a hassle-free experience for both parties. By removing traditional barriers and commissions associated with used car transactions, Beepi facilitates better pricing and a more efficient process for individuals looking to buy or sell vehicles.
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