Avis Budget Group Announces Multi-Year Strategic Partnership with Waymo

Avis Budget Group, Inc. (NASDAQ: CAR), a leading global provider of mobility solutions, today announced a multi-year strategic partnership with Waymo, the leader in self-driving technology, to launch and scale a fully autonomous ride-hailing service in Dallas.

Through this agreement, Avis Budget Group will serve as Waymo’s fleet operations partner in Dallas, delivering end-to-end services including infrastructure, vehicle readiness, maintenance, and depot operations. Waymo will offer its ride-hailing service directly to the public via the Waymo app, while maintaining responsibility for validation and performance of the Waymo Driver. Initial testing is already underway in Dallas with the public launch slated for 2026.

For over 75 years, Avis has been a leader in the rental car industry. This new strategic partnership reflects an ambition to grow beyond travel and actively shape the future of mobility. It demonstrates Avis’s ability to monetize its core strengths in large-scale fleet management within a high-growth category at the forefront of technology. Avis is establishing its place as a strong partner to support and scale the operational backbone of autonomous vehicle networks.

Brian Choi, Chief Executive Officer of Avis Budget Group, Inc., said, “Our partnership with Waymo marks a pivotal milestone in our evolution, from a rental car company to a leading provider of fleet management, infrastructure, and operations to the broader mobility ecosystem. Together, we’re committed to making scaled autonomous mobility a reality for the people of Dallas, with plans to expand to additional cities soon.”

Tekedra Mawakana, co-CEO, Waymo, said, “We look forward to bringing our fully autonomous ride-hailing service to the people of Dallas next year, offering a new era of safe and seamless transportation. Working together with our fleet partner Avis, Waymo will offer more riders a stress-free way to get around.”

Waymo and Avis are proud to usher in a new era of urban transportation for the people of Dallas. We look forward to this initial phase of our partnership and intend to scale autonomous mobility to more cities together over time.

Waymo serves over 250,000 paid trips and drives millions of miles every week across five cities: San Francisco, Los Angeles, Austin, Phoenix, and Atlanta.

Dallas now joins Miami and Washington, D.C., in the list of confirmed cities for Waymo’s expansions in 2026

ABOUT AVIS BUDGET GROUP

The leading global provider of mobility solutions, both through Avis and Budget brands, which have approximately 10,250 rental locations in approximately 180 countries around the world, and through the Zipcar brand, which is the world’s leading car sharing network. ABG operates most car rental locations in North America, Europe, and Australasia directly, and operates primarily through licensees in other parts of the world. Avis Budget Group is headquartered in Parsippany, N.J.