TravelCarearmarks€15mraisetolaunchatLAXandSFO

French car-sharing service TravelCar has raised €15 million, with the funding coming from automotive giant PSA Group and insurance firm MAIF.

TravelCar launched in 2012 and is active in ten European countries, providing a range of options for travellers to optimise the use of their vehicles. One product line is allowing travelers “free parking” at airports, train stations and city centers by helping them rent out their vehicle while they are away, earning a fee from the renter .

It also brokers parking spaces at or near stations and airports.