Turo, a heavily backed US firm that lets you rent out your regular or luxury car to strangers, has hired a former Uber executive to drive Australian growth plans, ahead of a planned IPO.
The move comes after rideshare giant Uber acquired the best-known Aussie car-sharing app Car Next Door in January, and signals a major investment from the San Francisco-based firm, which also moved into the French market earlier this year by acquiring local player OuiCar.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
