{"id":10126,"date":"2018-04-16T06:00:07","date_gmt":"2018-04-16T13:00:07","guid":{"rendered":"https:\/\/turo.com\/blog\/?p=10126"},"modified":"2018-04-16T06:00:07","modified_gmt":"2018-04-16T13:00:07","slug":"announcing-new-investors-and-giving-you-the-world","status":"publish","type":"post","link":"https:\/\/turo.com\/blog\/news\/announcing-new-investors-and-giving-you-the-world\/","title":{"rendered":"Announcing new investors and giving you the world"},"content":{"rendered":"

Turo welcomes investors Amex Ventures & Sumitomo, announces Commercial Host program<\/span><\/h3>\n

Today, we\u2019re celebrating two major mile markers. First, we\u2019re thrilled to welcome Sumitomo Corporation and American Express Ventures to the Turo family! Their investments have brought our Series D total to $104 million, and they promise to be invaluable additions to Turo\u2019s amazing roster of strategic investors. Second \u2014 and probably the most important for you as you plan your summer travels \u2014 we are launching our Commercial Hosts program, which will allow us to turbocharge our global footprint by making Turo available to independent car rental entrepreneurs<\/a> throughout the world.<\/span><\/p>\n

Welcome to the Turo family, Amex Ventures and Sumitomo Corporation! <\/span><\/h3>\n

Like the strategic partners we have welcomed to Turo in the past, Amex Ventures and Sumitomo are ideally suited to help us achieve our mission of putting the world\u2019s one billion cars to better use. Both new partners boast extensive experience in the global travel industry, experience that will help us to continue to enhance Turo\u2019s product offering, delight travelers, and grow worldwide.<\/span><\/p>\n

As a company that is intensely focused on enabling its customers to have unique travel experiences, American Express\u2019 strategic investment positions us well within the travel ecosystem.<\/span> Sumitomo Corporation will help provide guidance as we look to expand to Asia, particularly Japan. We welcome and expect to learn from their expertise in global marketing and customer service as Turo continues to make a huge impact in the automotive and travel industries.<\/span><\/p>\n

We continue to make tremendous strides in building a marketplace that\u2019s strong, sophisticated, and safe. Our community is now nearly six million strong and shares over 230,000 vehicles around the world. While we\u2019ve accomplished so much, we still have so much more to do. We couldn\u2019t have added better partners in Amex Ventures and Sumitomo to help us achieve our lofty goals. <\/span><\/p>\n

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Total signups on Turo<\/p><\/div>\n

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Total vehicles listed on Turo<\/p><\/div>\n

The world is your oyster<\/span><\/h3>\n

Thanks to a vibrant community of hosts of all shapes and sizes sharing their cars to offset the cost of car ownership, Turo is now a global community of nearly six million. In the spirit of welcoming entrepreneurs of all sizes to join the Turo marketplace, we\u2019re excited to announce our new global Commercial Host program.<\/span><\/p>\n

Our <\/span>Commercial Host program<\/span><\/a> not only expands our footprint worldwide, giving travelers access to cars wherever their journey takes them, but it provides Commercial Hosts \u2014 small independent car rental entrepreneurs who are able to offer commercial rental insurance to their guests \u2014 the ability to offer their cars to our rapidly growing global community.<\/span><\/p>\n

Commercial Hosts and guests alike have been quick to make use of this new offering \u2014 I\u2019m pleased to share that we\u2019ve seen the world map light up with Turo listings in 56 countries across six continents. In preparation for the busy summer travel season, we proactively reached out to independent Commercial Hosts to curate supply in some of the hottest tourist destinations on Earth, including Australia, Iceland, Rome, Milan, Paris, Amsterdam, Madrid, Barcelona, and Mexico City.<\/span><\/p>\n

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Cities of lights: Turo Commercial Host vehicles now listed in 56 countries worldwide<\/p><\/div>\n

As an added bonus, our Commercial Host program is providing invaluable insights into where we should launch our next international peer-to-peer community.<\/span><\/p>\n

The road ahead<\/span><\/h3>\n

It\u2019s a privilege to have seen our marketplace grow from just two cities at the beginning of 2012, to a truly global marketplace today. Needless to say, today\u2019s announcement is a major step toward achieving our vision that wherever you are, you can book the perfect vehicle for your next adventure from a trusted Turo host. As we welcome Amex Ventures and Sumitomo <\/span>Corporation<\/span> to the Turo family, we say thank you to our wonderful community across the world for joining us on this amazing adventure!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Turo welcomes investors Amex Ventures & Sumitomo, announces Commercial Host program Today, we\u2019re celebrating two major mile markers. First, we\u2019re thrilled to welcome Sumitomo Corporation and American Express Ventures to…<\/p>\n","protected":false},"author":3,"featured_media":10133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39],"tags":[],"class_list":["post-10126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t