What is Turo's business model?

I've heard about this app for renting, but I'm not clear on how it makes money. How does it work?

“Turo is a car rental marketplace where travelers can rent directly from car owners.
For example, drivers wanting to rent a car in San Francisco can rent directly from people who own cars in San Francisco rather than going through a rental agency.
It’s similar to the model of Airbnb in that the company takes a cut from connecting drivers with hosts. Turo also partners with Liberty Mutual to provide car insurance for drivers and hosts.”
Sophie Newman
Answered on Aug 11, 2021
Sophie Newman is a writer from California. Her hobbies include brewing her own kombucha, riding horses, and taking long road trips.

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