The General Motors and Alphabet-backed car sharing service has renamed itself to Turo as it raised $47m to support an international expansion.
US-based car sharing service Turo, backed by automotive company General Motors and conglomerate Alphabet, has raised $47m in a series C round led by Kleiner Perkins Caufield & Byers, Techcrunch reported yesterday.
The company was previously known as RelayRides but rebranded as part of its series C fundraising, which will support the company’s plans for an international expansion.
Founded in 2008, Turo operates a peer-to-peer car sharing marketplace for drivers to lease vehicles from private car owners. The company requires…
