Brazilian startup Turbi raises a $16.4M round

Brazilian startup Turbi raised a $16.4M round led by EXT Capital, with participation from Solis Investimentos, Jive Asset ManagementBanco DaycovalTMF, 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.

Read more on Tekios Magazine

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