Car rental startup Turo eyes public listing this year
January 4, 2021
Turo has plans to go public in 2021, The Wall Street Journal reported. The company, which runs a website where private car owners can list their vehicles for rent, said it has achieved its first-ever profitable quarter, after aggressively cutting spending during the pandemic. The startup has raised over $490 million from investors like GV, American Express and BMW; it was valued at $1.2 billion in 2019, according to PitchBook data.