MANAGING 10-50 COMPANY VEHICLES
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Funding

The company has now raised more than $88 million in funding from firms such as Invus Opportunities, Conversion Capital, Enterprise Holdings Ventures, Madrona Venture Group, Maveron, Perot Jain LP, Total Ventures and Vulcan Capital.

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SoCalGas Helps Fleets Purchase Near-Zero Emissions Vehicles

SoCalGas customers have submitted more than 150 applications to the SCAQMD as part of the $21 million Prop 1B incentive pool. Owners whose applications are accepted will receive $100,000 towards the purchase of a new near-zero natural gas truck.

Air Resources Board Renews $27 Million Clean Vehicle Funding

ARB will use the majority of those funds for its California Clean Vehicle Rebate Project to provide incentives for the purchase of zero-emission and plug-in hybrid passenger cars, and another percentage will go toward hybrid and zero-emission trucks and buses.

How Enterprise Funds Its Fleets

Enterprise CFO Bill Snyder spoke recently with Auto Rental News on how Enterprise funds its fleets (Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car), and on the company’s outlook on the current financial market.

Analyzing Depreciation Trends: 2007 vs. 2006

Depreciation continues to be the largest fleet expense; however, fuel, as a percent of total fleet cost is growing (rapidly). Fuel expense is influencing vehicle acquisition strategies, with a direct bearing on future depreciation.