SoftBank-backed Fair appoints new CEO: Bradley Stewart, ex-CEO of XOJet

SoftBank-backed Fair appoints new CEO: Bradley Stewart, ex-CEO of XOJet

4 years ago
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https://techcrunch.com/2020/05/11/softbank-backed-fair-appoints-new-ceo-bradley-stewart-ex-ceo-of-xojet/

Another chapter is opening up for Fair.com, the car subscription startup backed by hundreds of millions of dollars from SoftBank and others: today the company announced that Bradley Stewart, who had been CEO of aviation startup XOJet from 2013 to 2018 (when it was acquired by Vista Global), is joining as CEO. At the same time, Stewart confirmed in an interview that Fair is working on raising another round of funding — size as yet unknown, but including both equity and debt — to push ahead on its business now focused squarely on car subscriptions for consumers.

“As we pivot and scale, more capital will be needed to pursue that, to grow the market and for customer acquisition, and to allow us to buy more cars. That process is under way,” Stewart said, adding that despite everything going on in the market, there is still funding to be had. “I was shocked by how it is going right now,” Stewart said.