As an example of the sharing economy that Relayrides offers share car and hire your car.Relayrides re-branded the name as Turo announced that we got $ 47 million series C investment from Kleiner Perkins Caufield & Byers.
Relayrides which based in San Francisco in service for 6 years.They re-branded the name of company Turo which touring and the turism combination.It shows that Turo would get the wind back.Andre Haddad, the CEO of the company said that we chose the name would be a global tend.
Turo old named Relayrides bought the Wheelz to expand business worldwide in 2013.Now they try to expand business worldwide with the new investments.Its users are now making cars available at more than 300 airports around the country, and its peer-to-peer model means that renters typically get much better rates than when they rent from one of the traditional car agencies.
Name change and the new investment surely will effect the success of Turo.Hovewer they did not share the entire data of company.Turo only said that 60 percent of the income through tourists from outside the city.