Turo announces its latest expansion, providing Aussies with an extra stream of income amid rising cost-of-living pressures

SYDNEY--(BUSINESS WIRE)--Turo, the world�s largest peer-to-peer car sharing marketplace, announced today it is launching in Australia. Local car owners can now join the waitlist by visiting turo.com/australia to earn extra income while providing guests with a unique selection of vehicles.

As the pioneer in peer-to-peer car sharing, Turo is helping drive the global transition to a new world of mobility, which will make transportation more convenient, accessible, economical and fun. By sharing their personal vehicles on the platform, Turo hosts can not only offset the costs of car ownership but also seamlessly start and scale a small business.

This launch in Australia marks the company�s second international expansion this year and its first in APAC, led by Tim Rossanis, who previously served as Uber�s Head of Growth in Retail & New Verticals ANZ. Turo will be available in all major cities, including Sydney, Melbourne, Perth, Brisbane and more.

�We�re excited to provide local hosts with an entrepreneurial opportunity to supplement their income, while helping to meet the increasing demand from both Aussies and international visitors during peak travel season around the country,� said Tim Rossanis, Managing Director of Turo Australia. �Turo plans to put the 20 million¹ registered cars in Australia to better use and expand access for local car owners to a global network of guests.�

Today, Turo has a global network of hosts across the United States, Canada and the United Kingdom, who earn on average AU$19,112 per year² by sharing their cars with travelers domestic and abroad. As the domestic tourism industry rebounds, fly-drive holidays are becoming a popular option for Aussies looking to make temporary or shared vehicles a memorable part of their vacations.

This expansion, coupled with Turo�s acquisition of OuiCar in France and its launch in New York State earlier this year, is a tremendous milestone for the brand. Turo has been making major investments in personnel and geographic expansion, and has grown rapidly over the last 10 years � spanning over 9,500 cities, with over 125,000 active hosts and 250,000 active vehicles on the platform as of June 30, 2022.

Aussies looking to offset rising inflation and earn extra cash can visit www.turo.com/australia to join the waitlist today. Turo will launch nationally later this year.

About Turo

Turo is the world�s largest car sharing marketplace where guests can book any car they want, wherever they want it, from a vibrant community of trusted hosts. Whether they�re flying in from afar or looking for a car down the street, searching for a rugged truck or something smooth and swanky for a once-in-a-lifetime event, guests can take the wheel of the perfect car for any occasion, while hosts can take the wheel of their futures by sharing their underutilized personal vehicles or building an accessible, flexible, and scalable car sharing business from the ground up. Turo is home to a supportive and collaborative community that shares thousands of vehicles across the United States, Canada, the United Kingdom, France and soon, Australia.

To learn more about Turo, please visit www.turo.com.

Source: Turo Inc.

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¹ According to the Australian Bureau of Statistics
² Calculated using the average monthly performance of the top 50% of global Turo hosts (based on their monthly earnings) in the last 12 months ending 30 June, 2022 multiplied by 12. Original figures in USD; converted using 1 October, 2022 exchange rate of (1 USD = 1.56276 AUD). Earnings not reduced to reflect other costs of vehicle ownership such as maintenance and insurance. Figures are rounded down to the nearest dollar.

Contacts

Media Contact
Carmen Soh

Corporate Communications Manager

+1 8572721878

[email protected]