Mexican Media Brands
U.S. Peer-to-Peer Car Rental App Targets Japan Debut
San Francisco-based Turo Inc. says a $104 million funding round led by Sumitomo Corp. will help it introduce its peer-to-peer car rental scheme in Japan by 2020.
Share
San Francisco-based Turo Inc. says a $104 million funding round led by Sumitomo Corp. will help it introduce its peer-to-peer car rental scheme in Japan by 2020.
The 9-year-old startup claims 6 million users and a fleet of 230,000 participating vehicles in the U.S. and Europe. The service enables owners to rent out their cars when not needed, much as Airbnb does for homeowners and apartment dwellers.
Turo says it intends to establish itself in Japan ahead of the Tokyo Olympics in 2020, when it predicts a flood of foreign visitors will be looking for vehicles. Turo’s service in the U.S. includes electric vehicles and luxury cars rarely available through conventional rental companies.
RELATED CONTENT
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
Robotic Exoskeleton Amplifies Human Strength
The Sarcos Guardian XO Max full-body, all-electric exoskeleton features strength amplification of up to 20 to 1, making 200 pounds—the suit’s upper limit—feel like 10 pounds for the user.
