Berggruen Car Rentals

Car club is a premier car rental company founded with a vision of becoming a leader in “Ground Transportation” for both personal and corporate travel. Car club is backed by panel of experienced Industry experts who have collective experience of more than 100 years. The company had started operations with the fleet size of 225 cars in 8 cities during October 2007. The company is funded by Berggruen Holdings Inc LA. Car club has grown from strength to strength since the inception, and today the company operates a fleet of about 3500 cars in 112 cities servicing over 1500 corporate houses and many luxury hotels, recognized as one of the preferred car rental supplier. Car club has set up multiple car dispatching facilities in each city to reach the customer faster and in the process cut down idle time & mileage. In the 112 cities where Car club services are available, it has set up 150 operating locations which are operational 24X7. Car club is the brand owned by Berggruen Car Rentals Private Limited a venture by Berggruen Holdings Inc.Berggruen Holdings invests across a wide range of industries, continents and asset classes, including direct private equity, real estate, alternative energy, financial instruments and basic industry startups. Berggruen Holdings has net equity in excess of 2 billion dollars. In the aggregate the firm’s private equity portfolio is debt free and represents businesses that currently have 5 billion dollars in revenue and in excess of 250 million dollars EBITDA.Berggruen Holdings takes a long-term, value-oriented, often contrarian view. Berggruen Holdings prefer to build organically and through acquisitions, partnering with management, as opposed to quick, opportunistic exits. Depending on the opportunity and asset class, Berggruen Holdings is prepared to invest up to 200 million dollars in any one transaction.