Kardan Vehicle Ltd. is the Israeli licensee of Avis, the world’s leading automotive company. Kardan Vehicle Ltd. was founded in 1986, and has been traded on the Tel Aviv Stock Exchange (TASE) since 1993. The company is today controlled by Kardan Israel and Eastern Holdings Company. Kardan Vehicle operates 28 service and rental locations across Israel, and 16 sales centers, and has approx. 750 employees. The average vehicle fleet of the company was 29,700 in 2011, and revenue amounted to about NIS 1,478 million.