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Turo’s business grew rapidly in the wake of the pandemic – as travelers began getting back on roads, but didn’t want to pay high prices from traditional rental car companies.
His company bio states that he helped grow eBay revenue from $750 million to $11.7 billion before joining Turo as CEO in 2011. Turo reported nearly $880 million in revenue in 2023, up 18% year-on ...
Turo Inc. is an American peer-to-peer carsharing company based in San Francisco, in the United States.The company allows private car owners to rent out their vehicles via an online and mobile interface in four countries (the United States, Canada, United Kingdom, and Australia) [4] and new corporate owners to rent out their cars in France in addition to the four previous countries.
Turo operates like traditional rental car operators, but its asset-light business model is the main differentiator. There are no physical rental locations or even kiosks where people rent vehicles.
Turo began operations in 2021 and as of last year, boasted that nearly 360,000 vehicles have been listed on the platform. The company said its hosts have earned $3.8 billion by using the platform.
Turo does not require renters to have personal coverage if the renter books a trip with a protection plan provided by Turo. Turo provides up to $750,000 in third party liability insurance from Travelers Insurance in the United States, up to $2 million in Canada, and up to £20 million in the UK, with 5 plans varying in vehicle protection. +
Turo (company) United States 0 Peer-to-peer: Uhaul Car Share: United States Witkar: Netherlands Yandex.Drive: Russia 16,000 December 2020 [4] Free-floating: Yourdrive: New Zealand 600+ Peer-to-peer: 550+ 20+ Zipcar: United States 12,000 Round-trip
Turo is a platform that allows users to rent vehicles from trusted hosts that are registered with the site. Turo was used to book rental vehicles used in separate attacks on Wednesday. TURO