The company, which allows private cars to be rented via online and mobile interfaces, announced its U.K. launch on Monday. Currently, Turo has over eight million users throughout 5,500 cities in 56 countries, one-third of that eight million having joined in 2018 alone.
Daimler will ensure a capital increase for heycar and in return will acquire a 20% stake in Mobility Trader Holding GmbH, which operates the heycar platform in Germany via its subsidiary, Mobility Trader GmbH.
The firm, which is branching out from its vacuum cleaners and hair driers to take on car giants with a new generation of high-tech electric vehicles, said the move would create ‘more high-skilled jobs for Britain’.
We Buy Cars Today is one of the top sites for selling vehicles in the UK, according to The Telegraph. The company has been operating in the car industry in the UK for seven years and are being recognized for their efforts.