v3.26.1
Rental Vehicles, Net
6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
Rental Vehicles, net

7. Rental Vehicles, net

Rental vehicles, net consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Taxi vehicles

 

$

52,044

 

 

$

36,707

 

Less: accumulated depreciation, rental vehicles

 

 

(12,241

)

 

 

(8,500

)

Rental vehicles, net

 

$

39,803

 

 

$

28,207

 

Depreciation expense for rental vehicles was $2.2 million and $3.7 million for the three and six months ended June 30, 2026, respectively, and $0.7 million and $1.3 million for the three and six months ended June 30, 2025, respectively, which is included within depreciation of rental vehicles on the condensed consolidated statements of operations.