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
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
