turo

Turo, the venture-backed, peer-to-peer car rental service, reported its fourth-quarter and full-year financial performance this week in an updated IPO filing. The company first filed an S-1 to go public…

Profitable car rental service Turo is still ready for an IPO, but its growth cratered in 2023

Given Turo’s slightly lower Q1 results, we doubt it will be racing out the door, ready to change the tenor of the IPO conversation anytime soon.

Turo’s Q1 2023 results indicate it may be a while until we see its IPO

Turo, the peer-to-peer car rental company, plans to block access to third-party services like CarSync and Fleetwire starting April 30, according to an email that hosts received and TechCrunch viewed. Turo…

Turo is blocking access to third-party services and hosts are freaking out
Startups

What’s Turo worth?

11:30 am PDT • March 27, 2023

Turo could be the first out of the IPO gate when the public-offering window reopens.

What’s Turo worth?

Turo, a startup that allows consumers to rent their cars to one another, filed an update to its IPO paperwork Friday, detailing its full 2022 financial performance. The upshot? Turo…

Turo just dropped its 2022 financials as its IPO hunt continues

Turo, the peer-to-peer car-sharing platform that’s been described as the Airbnb for cars, will expand to Australia before the end of the year, the company said Tuesday. Local car owners…

Turo is expanding car-sharing to Australia

Peer-to-peer car-sharing company Turo is expanding to New York State and France in June, the company said on Wednesday. The expansion comes at a time when post/mid-COVID tourism is beginning…

Car-sharing startup Turo expands to New York and France

The Turo income statement, once we beat back some non-cash costs muddying its bottom line, has me impressed.

Turo’s S-1 filing shows that unicorns can slingshot out of the pandemic

Peer-to-peer car-sharing startup Turo has released its filing to become a publicly traded company in the United States, a process the company began confidentially in August. The S-1 document filed…

Peer-to-peer car-sharing company Turo files IPO to go public

Turo, the peer-to-peer car-sharing startup, has initiated the confidential process of filing for an initial public offering with the U.S. Securities Exchange Commission. The number of shares to be offered…

Car-sharing startup Turo has filed confidentially for an IPO

Welcome back to Human Capital, where I break down the latest in diversity, equity and inclusion, and labor in tech. TL;DR: This week, Apple announced its third head of diversity…

Human Capital: Uber’s Black employee base shrinks

Car-sharing marketplace Turo has teamed up with Kiva to offer interest-free loans to Black people and folks from traditionally underserved communities to buy cars and then share them on Turo.…

Turo puts $1 million toward helping Black people make money sharing cars

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox.  Hello and welcome…

The Station: Winners and losers in Paris, Rivian sets a delivery date, Waymo and FCA deepen ties

Layoffs are having a big impact on industries across the board due to COVID-19. This week alone news came out of massive cuts for TripAdvisor, Lyft, and reportedly Juul and…

Data shows which tech roles might be most vulnerable amid layoffs

GM’s experiment with car sharing is over. The automaker Tuesday said its Maven car-sharing service, which launched in 2016, will shut down for good. Maven had paused service due to…

GM exits car-sharing business and shuts down Maven

Hi, and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages travel from Point A to Point B. I’m your host Kirsten Korosec,…

The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

In case you haven’t heard, TC Sessions: Mobility is back for a second year. This one-day event, which will be held May 14 in San Jose, promises to feature some…

Maniv Mobility General Partner Olaf Sakkers is coming to TC Sessions: Mobility

Over the years, Trinity Ventures has racked up many exits for its limited partners. Through deals in consumer brands like Starbucks and Zulily and enterprise companies like TubeMogul and New…

What the partnership at Trinity Ventures sees for the road ahead in 2020

Car-sharing startup Turo has raised $250 million in a Series E round of funding from IAC, the internet media company that owned and spun out Match.com and OkCupid. This round…

Peer-to-peer car-sharing marketplace Turo raises $250M at over $1B valuation from IAC

Ten months ago London startup Duffel hinted that it would be “a new way to book travel online, aiming at the booking experience ‘end to end,’ ” and announced a…

Still in stealth mode, Duffel raises $21.5M in Series A from Benchmark for its travel platform

Moka, a startup that wants to make talent acquisition a little more data-driven for China-based companies that range from smartphone giant Xiaomi to Burger King’s local business, announced Monday that…

Moka raises $27M led by Hillhouse to make hiring more data-driven in China

Plus, e-scooter subscription services are a thing now, the Vision Fund is betting big on autonomous delivery and Facebook almost bought Unity.

Startups Weekly: Is Y Combinator’s latest cohort too big?

Cars are now essentially computers on wheels — and like every computer, they are susceptible to attacks. It’s no surprise then that there’s a growing number of startups that are…

C2A raises $6.5M for its in-car cybersecurity platform

Turo, the peer-to-peer car-sharing company described as the “Airbnb of cars,” is rolling out a new product that will let users locate and unlock cars right from the app. The…

Turo’s new dongle will let customers instantly find and unlock cars

GM’s car-sharing subsidiary Maven is undergoing another expansion. This time, it’s not just to a new city. Maven plans to open up its new peer-to-peer car rental service to allow…

GM is going to allow Ford vehicles and other competitors on its Maven car-sharing platform

Turo — the peer-to-peer car-sharing marketplace sometimes referred to as the ‘Airbnb of cars’ — is expanding to the UK. And this time, everyday car owners can actually use it.…

Car-sharing network Turo expands service in UK

General Motors is launching a new service in Chicago, Detroit and Ann Arbor, Mich. that will let owners rent out their personal GM-branded vehicles through its Maven car-sharing platform. The…

GM launches a peer-to-peer car-sharing service

Peer-to-peer car-sharing marketplace Turo has filed a lawsuit against the city of Los Angeles Airport in a preemptive strike aimed at defending the ability of its users to rent out…

Turo files lawsuit against Los Angeles in car-sharing battle at LAX

There’s a new unicorn in the global ride-hailing space after Taxify, a startup born in Estonia that does battle with Uber across Europe and Africa, closed $175 million in new…

Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuation

Peer-to-peer car-sharing marketplace Turo has officially closed a $104 million Series D round. This comes following a $12 million investment from Sumitomo Corporation and American Express Ventures, on top of…

Car-sharing startup Turo raises additional $12 million