Verra Mobility and Hertz Expand Technology Partnership Under Renewed Contract
Rhea-AI Summary
Verra Mobility (NASDAQ: VRRM) and Hertz have renewed a five-year contract that extends their 20-year partnership covering tolling and violations management for the Hertz, Dollar and Thrifty brands across North America. The expanded agreement includes exploring new technology solutions aimed at improving Hertz's customer experience and operational efficiency.
Verra Mobility will continue to provide a fully outsourced toll and violations management program, supporting a frictionless experience on cashless and all-electronic tolling networks. The company reports supporting more than 7.6 million vehicles globally and, in 2025, processing over 350 million toll transactions and 5.6 million violations for fleet customers.
Positive
- Five-year contract renewal with Hertz extending a 20-year partnership
- Expanded technology scope to explore connected-vehicle tolling and AI solutions
- Continued fully outsourced toll and violations program for Hertz, Dollar and Thrifty in North America
- Operational scale over 350 million toll transactions and 5.6 million violations processed for fleet customers in 2025
- Large vehicle base supported more than 7.6 million vehicles globally
Negative
- None.
Key Figures
Previous Partnership Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 28 | Italy toll partnership | Positive | -1.3% | Electronic toll payment partnership expanded Verra Mobility's European rental-car footprint |
| Nov 20 | Stellantis technology partnership | Positive | -4.9% | AutoKinex launch and Stellantis agreement introduced in-vehicle payment capabilities |
| Jun 18 | Oakland safety partnership | Positive | +0.0% | Oakland approved a citywide speed-safety program with 36 cameras |
| Mar 18 | Verizon fleet partnership | Positive | +2.5% | Verizon Connect customers gained access to Verra Mobility managed fleet services |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Partnership-tagged announcements produced mixed outcomes, with two negative reactions and an average move of -0.92%.
Key Terms
all-electronic tolling technical
connected-vehicle tolling technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
As part of the recently announced five-year contract renewal, Hertz and Verra Mobility are expanding their technology partnership to explore opportunities to modernize toll processing
The parties announced during quarterly earnings the renewed agreement extending their 20-year partnership. In the expanded agreement, the companies will explore new technology solutions to further improve Hertz's customer experience. Verra Mobility will also continue to provide Hertz with a fully outsourced toll and violations management program, helping improve administrative efficiency while giving renters a more convenient, frictionless experience on cashless and all-electronic tolling networks across
"As Hertz continues to evolve, we're committed to evolving alongside them by listening closely to their needs, investing in innovative technologies, and refining our solutions to help them operate more efficiently while delivering greater value and convenience to their customers," said Stacey Moser, chief customer officer, Verra Mobility.
"We are looking to continuously innovate for our customers," said Jason Rivera, chief technology officer, Verra Mobility. "This next phase of our relationship is about exploring how to combine operational experience with connected-vehicle tolling and AI technology to help solve increasingly complex fleet challenges."
"Verra Mobility has been a trusted partner for more than two decades, helping us simplify tolling and violations management while enhancing the rental experience," said Marnie Harte, senior vice president and chief procurement officer, Hertz. "We look forward to exploring opportunities to leverage new technology to create a more convenient, transparent and seamless experience for our customers, while reducing operational complexity across our fleet."
Verra Mobility helps communities and businesses move people and vehicles by connecting the entire transportation ecosystem, including road safety, commercial fleet mobility, and parking management. The company supports more than 7.6 million vehicles globally - helping to protect vehicle owners against costly toll fines and burdensome administrative tasks – and empowers more than 300 communities to increase safety for all road users through intelligent technology and data-driven insights. In 2025, more than 350 million toll transactions and over 5.6 million violations were processed for fleet customers.
To learn more about Verra Mobility's commercial and fleet solutions, visit www.verramobility.com/commercial/.
About Verra Mobility
Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties that can affect our performance in both the near- and long-term, including, without limitation, risks relating to our ability to successfully implement new technologies, the expected benefits of our partnership with Hertz, our ability to maintain and expand customer relationships, general economic conditions, and other factors described in our filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. This press release should be read in conjunction with the information included in our other press releases, reports, and other filings with the SEC. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.
Additional Information
We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.
We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts.
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SOURCE Verra Mobility