Turo’s decision to end its IPO plans comes just one day after peer-to-peer car-sharing company Getaround shut down its U.S. operations. Like Turo, Getaround began life as a venture-backed company. Unlike Turo, Getaround made the leap back onto the public market in 2022 via a merger with a special purpose acquisition company.
Turo is still operating in the United States — and elsewhere. As of September 2024, the company reported it had 150,000 active hosts globally, with 350,000 active vehicle listings and 3.5 million active guests. The company also operates in Canada, Australia, and France.