Car rental disrupter Turo raises $92 million, heads for Asia
Turo has bought Daimler’s own P2P car sharing platform Croove to expand from existing international markets in Canada and the UK to Germany and Europe.
Daimler is putting even more money into mobility, jointly leading a $92 million Series D round for Turo, a peer-to-peer car sharing platform.
San Francisco-based Turo, which was formerly known as RelayRides, has now raised a total of $193 million.
Currently, Turo has over four million users and has over 170,000 cars available.
Meanwhile, the announcement also says that Turo has bought Daimler’s own peer-to-peer car sharing platform Croove, the market leader in Germany. Turo said this “provides an immediate opportunity to expand [our] presence from existing international markets in Canada and the UK to Germany and more broadly into Europe.
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