Austin’s Outdoorsy has raised $120 million for its RV rental platform

Nichole S. Gehr
Austin-based Outdoorsy, which operates  a platform for renting RVs, motorhomes, camper vans and travel trailers, has raised $120 million for expansion.

With the economic system reopening and leisure journey returning as the COVID-19 pandemic eases, lots of individuals are dreaming of hitting the open road in an RV. The trouble is, they really don’t possess 1.

Then there are these who own an RV that is sitting down unused.

Austin-based Outdoorsy has developed an on the net platform to link the two — and on Thursday, the company mentioned it has raised $120 million to fuel its advancement.

Outdoorsy lets homeowners of RVs, motorhomes, camper vans and travel trailers rent out their auto to everyone who wishes to pick it up and strike the street. Proprietors set their own pricing on the Outdoorsy web-site with the assist of resources furnished by the corporation.

House owners retain 80% of the rental price, and Outdoorsy will take 20% of the reservation expenses.

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