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Turo Stock (TURO)
Turo is a peer-to-peer car-sharing marketplace where customers can book vehicles from a community of local hosts.
Turo is a marketplace for peer-to-peer carsharing.
About Turo Stock
Founded
2008
Headquarters
San Francisco, CA, US
Total Funding
541M
Industries
Transportation, Other, Commerce and Shopping
Turo is a marketplace for peer-to-peer carsharing. Turo allows people to book a car from a community of trusted hosts across the US, Canada, France and the UK. Turo's mission is to allow guests to find a perfect car for any occasion and for hosts to build an accessible, flexible, and scalable car-sharing business from the ground up. Third-party liability insurance is provided under a policy issued to Turo by Travelers Excess and Surplus Lines Company.
Turo was founded in 2009 and is headquartered in San Francisco, California. Notable investors include Allen & Company LLC, Manhattan Venture Partners, and Kleiner Perkins.
Turo Press Mentions
Stay in the know about the latest news on Turo
Global Self-Drive Car Rental Strategic Business Report 2024-2030: Rising Demand for Private and Cost-Effective Mobility Solutions, Smart Cities and Eco-Friendly Fleets Accelerate Market Growth
globenewswire • Jan 31, 2025
Turo Taps AI Marketing Analytics Pioneer Mutinex as Global Marketing Partner
businesswire • Jan 28, 2025
Peer to Peer Carsharing Market Set to Witness Significant Growth by 2025-2032:Turo , Getaround
einpresswire • Jan 27, 2025
Don’t Blame Car-Sharing Site Turo for Vehicle Attacks
theinformation • Jan 09, 2025
Turo CEO responds to New Year’s Day attacks linked to San Francisco car-sharing platform
sfchronicle • Jan 06, 2025
Investors in Turo
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Turo Management
Leadership team at Turo
Chief Executive Officer
Andre Haddad
Chief Financial Officer
Charles Fisher
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Turo Key Facts
• Turo has disrupted the traditional car rental market dominated by companies like Hertz and Enterprise. Unlike traditional rentals from centralized fleets, Turo allows individuals to rent directly from car owners, offering lower costs and a broader selection of vehicles.
• Turo's mobile app provides a seamless booking and management experience for users, facilitating easier access to rental cars. Additionally, Turo's integration of insurance coverage and trust-building measures ensures security for both renters and owners, enhancing confidence in the platform.
• The sharing economy continues to grow as consumers increasingly favor access over ownership. Turo taps into this trend by allowing car owners to monetize their assets when not in use. Turo's expansion into international markets like Canada and the UK demonstrates its scalability and appeal in regions where car ownership costs are high and the sharing economy is growing rapidly.
• Maintaining quality control over a decentralized network of rental vehicles can be challenging, affecting customer experiences.
• Competition from traditional rental companies expanding into the sharing economy or new entrants could impact market share.
• Regulatory environments can impact Turo's operations, particularly in new markets or jurisdictions with strict rental regulations.
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