Brazilian startup Turbi raised a $16.4M round led by EXT Capital, with participation from Solis Investimentos, Jive Asset Management, Banco Daycoval, TMF, and Oliveira Trust.
The company will use the funds to add 1,000 new vehicles to its fleet.
Turbi offers a fully digital car rental service available 24/7. The platform allows users to book vehicles online, with doorstep delivery and pick-up services. In addition to its existing services, the company has also launched a subscription plan that allows customers to rent cars for days, weeks, months, and even years.
Founded in 2017 with just five vehicles, Turbi now offers a fleet of 4,000 and has presence in Sao Paulo, Guarulhos, Santo André, São Caetano, São Bernardo, Osasco, Barueri, and Taboão da Serra.
With the mission of streamlining the entire car rental process, the startup leveraged the initial investment to expand the fleet of vehicles and regions served by them. Today, the company is present in the cities of São Paulo, Guarulhos, Santo André, São Caetano, São Bernardo, Osasco, Barueri and Taboão da Serra.
The startup has three major differentials compared to traditional rental companies. First, capillarity: Turbi cars are distributed in 400 points and associated parking lots in Greater Sao Paulo.
In addition, the company is committed to the digital experience of customers, since the entire phase of contracting, collecting, and returning the vehicle is carried out in the app to offer a complete experience without bureaucracy.
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