Nexus

Corporate vehicle rental platform

nexusrental.co.uk
Date Invested
July 2018
Status
Current

At a glance

>10,000
rental vehicles under management
7x
more rental vehicles per customer than the nearest competitor
>2x
profits in the last 2 years

Nexus is a technology-driven B2B vehicle rental intermediary, which connects corporate customers with vehicle rental companies through its proprietary online booking and rental management system, IRIS. The system provides Nexus’s 1,000 corporate customers with access to over 550,000 vehicles sourced from 220 rental companies across 2,000 locations. Nexus’s unique technology-enabled service is highly valued by its corporate customers; it automates and streamlines the supply of rental vehicles, integrates with their back-end billing, compliance and MI systems, and helps to reduce rental spend.

Our partnership

Phoenix is working in partnership with the Nexus management team, led by CEO David Brennan, MD John Ellis and CFO Ian Cherry, to take advantage of the significant organic growth opportunity in the corporate rental market. Corporates are gradually moving towards more flexible solutions for sourcing vehicles and Nexus will continue to capitalise on its industry-leading technology, differentiated service offering and strong market position to increase its penetration of the corporate market.

"The investment by Phoenix sets us up for our next exciting phase of growth and innovation as the UK’s leading tech-driven mobility provider, and demonstrates confidence in the business, senior management and wider team to continue our track record of outstanding performance.”

David Brennan, CEO of Nexus