Turo

Turo Inc. is an online car rental marketplace that connects local car owners with travelers seeking to rent vehicles. Founded in 2009 and based in San Francisco, California, Turo allows users to list their cars for rent, offering options for local pickup, city delivery, and airport delivery. The platform provides a wide selection of vehicles at competitive prices, enabling car owners to earn income while providing convenient access to cars for renters. Turo facilitates a peer-to-peer car-sharing model, creating a vibrant community of trusted hosts and enhancing the travel experience for users. The company was formerly known as RelayRides, Inc. before rebranding in November 2015.

Patricia Nakache

Investor

4 past transactions

OuiCar

Acquisition in 2022
OuiCar is a leading online platform for private car rental in France, offering a wide selection of over 12,000 vehicles for rent. The service is designed to simplify the car rental process, making it an economical choice for users seeking convenient mobility solutions. OuiCar provides detailed pricing information, allowing customers to make informed decisions and save on transportation costs. By facilitating direct connections between car owners and renters, the company enhances accessibility to various vehicles while promoting a cost-effective alternative to traditional car rental services.

Croove

Acquisition in 2017
Croove GmbH is a car-sharing service based in Berlin, Germany, that enables individuals to rent out their vehicles on demand. Launched by Mercedes-Benz, the platform allows users to register their cars, set rental prices, and connect with renters from the community. Croove's service includes features such as booking options, selection of pick-up points, and insurance coverage, making it convenient for both car owners and renters. Additionally, the platform accommodates digital currency transactions, allowing users to receive payments in bitcoins if they choose. As a subsidiary of Turo, Inc., Croove aims to provide a seamless and flexible car rental experience.

SocialStudio

Acquisition in 2015
The developer of mobile apps JumpCam and FADE.

Wheelz

Acquisition in 2013
Wheelz is a venture-backed startup focused on transforming personal transportation through its peer-to-peer car sharing platform. This innovative approach allows car owners to securely lease their vehicles on an hourly or daily basis, while providing a convenient and affordable alternative for individuals who do not own a car. With most vehicles remaining parked for the majority of the day and depreciating rapidly, Wheelz aims to address the inefficiencies of traditional car ownership. By creating a model that enhances vehicle utilization, Wheelz not only offers economic benefits to car owners but also promotes a more sustainable and responsible method of personal transportation.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.