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An Overview of Turo: The Leading Car-Sharing App

share-iconPublished: Thursday, January 02 share-iconUpdated: Thursday, January 02 comment-icon3 months ago
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BUSINESSINSIDER
An Overview of Turo: The Leading Car-Sharing App

Credited from: BUSINESSINSIDER

  • Turo operates as a car-sharing platform akin to Airbnb, allowing users to rent out their vehicles.
  • The app provides affordable rental options and convenient pick-up locations, differing from traditional rental services.
  • Founded in 2009 as RelayRides, Turo rebranded in 2015, focusing on long-term rentals.
  • With over 360,000 cars listed, it has become the largest car-sharing app in the U.S., with significant growth and partnerships.
  • Turo reported $880 million in revenue for 2023, indicating robust growth despite previous losses.

For further details, visit the original article at Business Insider.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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