Akron’s RVshare gets $100 million investment

Akron’s RVshare, which has reported going gangbusters renting recreational trailers and motorhomes to travel-hungry but hotel-adverse clients this year, just got a $100 million capital infusion to support further growth.

The company announced Wednesday, Oct. 21, that the investment from KKR and RVshare’s existing Tritium Partners investors are putting more than $100 million into the company. RVshare declined to discuss further details or whether the investment would affect who has a controlling stake in the company, but a spokeswoman said the investment is in equity and that more details will be announced later.

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Story excerpt provided by Crain’s Cleveland Business.

Written by Dan Shingler.

Originally published October 21, 2020.

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