Daimler Financial Continues Mobility Expansion With Turo Investment

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 — leading the round. The $92 million Series D funding […]
  • Emma Sandler
  • September 7, 2017

Breaking Tradition: How Mobility is Forcing Captives to Rethink Insurance

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. Services such as Uber and […]
  • William Hoffman
  • March 9, 2017