Daimler-backed car-sharing market Turo Inc. confidentially filed paperwork with regulators on Monday for a U.S. preliminary public providing, looking for to reap the benefits of the nation’s red-hot capital markets.
The firm’s platform permits automotive house owners in 5,500 cities throughout the United States, Canada and the U.Ok. to lease out their autos. It has over 450,000 listed vehicles starting from pickup vans and minivans to luxurious choices reminiscent of Lamborghini, Rolls-Royce and Porsche autos.
Several different venture-funded corporations within the vehicle area, together with SoftBank-backed Full Truck Alliance and self-driving truck startup TuSimple Holdings, have additionally gone public this 12 months.