California-based peer-to-peer car-sharing platform Turo is reportedly expanding its services to the UK, and his time, everyday car owners can actually use it.
It was in 2016 that the company earlier expanded to the UK once but the services were only offered to small rental car companies under its commercial host program. However, this time anyone who owns or leases a 2008 model-year or newer vehicle can list it on the Turo app.
All the vehicles rented by its pre-approved users are covered by the company’s insurance partner Allianz. The company since its launch has expanded services to markets like Canada and Germany. As of now, the firm has 8 million users.
According to Turo CEO Andre Haddad, the UK is the company’s most-searched-for destination outside North America. “This makes us confident that now is the right time to expand here,” Haddad said.
Turo. The average trip on Turo earns an owner £130 ($170). Turo has secured over $205 million in financing from Kleiner Perkins,August Capital, Shasta Venture and Google Ventures, among others.