Sumitomo Corporation of Americas invests in online car-sharing firm Turo
Company also plans to offer market insight to Turo for its eventual expansion in Japan and APAC
Sumitomo Corporation of Americas (SCOA) has invested an undisclosed amount in the US-based online car-sharing company Turo, the company said in a press release on 16 April. SCOA, a subsidiary of Japan-based Sumitomo Corporation, participated in Series D funding round by the online car-sharing company. The strategic funding by SCOA is expected to help Turo expand its car-sharing business.
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