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Turbi operates a digital car-sharing platform, enabling users to reserve and access vehicles through a smartphone application. The company provides a fully digital car rental experience available twenty-four hours a day, seven days a week, focusing on self-drive options for urban mobility. This approach emphasizes flexibility and convenience, allowing individuals to utilize cars for varying durations without traditional rental counter processes.
The company was founded in São Paulo, Brazil, in 2016 by co-founders Diego Lira and Daniel Prado. Their insight centered on the need to reinvent urban mobility by leveraging technology to offer a pioneering, entirely digital car rental service. This vision aimed to streamline the vehicle access process, addressing contemporary demands for on-demand services in metropolitan areas.
Turbi serves individuals seeking practical and accessible car rental solutions within urban environments. The company's overarching mission is to transform urban mobility through technology, sustainability, and innovation, promoting shared car usage. It aims to offer a modern alternative to car ownership or traditional rental models, adapting to evolving consumer preferences for flexible transportation.
Turbi has raised $10.0M across 2 funding rounds.
Turbi has raised $10.0M in total across 2 funding rounds.
Turbi has raised $10.0M in total across 2 funding rounds.
Turbi's investors include DOMO Invest, Romero Rodrigues, Igah Ventures.
Turbi has raised $10.0M across 2 funding rounds. Most recently, it raised $9.0M Series U in April 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2024 | $9M Series U | — | DOMO Invest, Romero Rodrigues, Igah Ventures | Announced |
| Sep 1, 2018 | $980K Seed | — | DOMO Invest, Romero Rodrigues, Igah Ventures | Announced |
Turbi is a Brazilian technology startup offering a peer-to-peer car-sharing platform that connects users with local vehicle owners for flexible rentals in São Paulo.[2] It builds a digital marketplace enabling renters to access a wide range of cars—from compact to luxury—on hourly or daily terms, solving urban mobility challenges by providing affordable, convenient alternatives to traditional rentals amid Brazil's growing sharing economy.[2] With 120 employees and over $55.5M in total funding, including a $12.5M Series D equity round and $43M in debt, Turbi demonstrates strong growth momentum in the Latin American car rental sector.[2]
Turbi emerged as a peer-to-peer car rental service in São Paulo, Brazil, capitalizing on the sharing economy trend to address high demand for flexible vehicle access in a densely populated urban area.[2] While specific founder details are not detailed in available sources, the company's rapid scaling is evident from its two funding rounds culminating in significant capital raises, including the recent Series D from existing investors, marking early traction in a competitive market.[2] This positions Turbi as a homegrown innovator tackling Brazil's transportation gaps through technology.
Turbi rides the global wave of sharing economy platforms, amplified in Latin America by urbanization, rising smartphone penetration, and demand for on-demand mobility post-pandemic.[2] Its timing aligns with Brazil's e-commerce and fintech boom, where peer-to-peer models cut overheads and empower individuals amid economic pressures like inflation and fuel costs. By fostering a local ecosystem of owners and renters, Turbi influences São Paulo's transport sector, potentially expanding to other LatAm cities and competing with giants like Turo while promoting sustainable asset utilization over car ownership.[2]
Turbi's funding trajectory signals potential for geographic expansion beyond São Paulo and tech enhancements like AI-driven matching or insurance integrations, fueled by LatAm's mobility trends.[2] Evolving regulations on sharing platforms and EV adoption could shape its path, amplifying influence as a scalable model for emerging markets. As a nimble player in urban logistics, Turbi exemplifies how peer-to-peer tech transforms access in growth hotspots like Brazil.[2]
