Post Tagged with: "Turo"

Daimler Financial Continues Mobility Expansion With Turo Investment

Daimler Financial Continues Mobility Expansion With Turo Investment

September 7, 2017 at 10:30 am 0 comments

Fresh off the announcement Tuesday that Daimler Financial Services — which operates Daimler AG’s mobility unit — is forming a joint venture with Via, the captive is now investing in carshare startup Turo. Turo raised $92 million in Series D funding with Daimler and SK Holdings — one of South Korea’s largest conglomerates — leadingRead More

Breaking Tradition: How Mobility is Forcing Captives to Rethink Insurance

Breaking Tradition: How Mobility is Forcing Captives to Rethink Insurance

March 9, 2017 at 9:30 am 0 comments

There is a horror story floated by captives and whispered by worst-case scenario conspiracy theorists in which rideshare drivers lease vehicles, get into a car wreck, and their insurance doesn’t cover commercial activity, leaving the captive stuck with both the damages and a delinquent borrower. These claims aren’t totally unsubstantiated.Read More

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