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Turo Inc. operates a peer-to-peer car sharing marketplace that connects vehicle owners with renters through its mobile platform, enabling daily car rentals directly from local hosts. Founded in 2009 and headquartered in San Francisco, the company has established itself as a leading alternative to traditional car rental services by leveraging underutilized private vehicles. Turo's marketplace model creates value for both sides: car owners generate income from idle assets while renters access diverse vehicle options at competitive rates. With a current valuation of $1.24 billion, the company continues expanding its network and enhancing platform capabilities to capture growing demand for flexible mobility solutions.
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