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.

4 past transactions

OuiCar

Acquisition in 2022
OuiCar is a pioneering online platform dedicated to private car rental services in France. With a fleet of 12,000 cars available for rent across the country, OuiCar offers a convenient and cost-effective solution for individuals seeking to rent a vehicle nearby. The company's user-friendly portal allows guests to book any car they desire with transparent pricing, helping users save on fuel costs and enhancing overall mobility accessibility.

Croove

Acquisition in 2017
Croove GmbH is a Berlin-based car-sharing service that allows individuals to rent out their vehicles to others in the community. Launched by Mercedes-Benz, Croove enables car owners to register their vehicles on its platform, where they can set their own rental prices and select pick-up points. The service also facilitates insurance coverage for rentals, ensuring a secure experience for both renters and owners. Additionally, Croove caters to a diverse clientele by offering the option to receive rental payments in digital currencies, including bitcoin. As a subsidiary of Turo, Inc., Croove aims to enhance the car-sharing experience by connecting users with accessible transportation solutions.

SocialStudio

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

Wheelz

Acquisition in 2013
Wheelz is an innovative start-up focused on transforming personal transportation and car ownership through a peer-to-peer car sharing platform. This service allows car owners to securely lease their vehicles on an hourly or daily basis, creating an economic opportunity while providing a convenient and affordable transportation solution for individuals who do not own a car. Recognizing that cars are often under-utilized, parked for most of the day and rapidly depreciating in value, Wheelz aims to address the inefficiencies of traditional car ownership. By promoting a more responsible model of vehicle usage, the company seeks to benefit both the environment and consumers' financial well-being.
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