Turners invests in Australian car-sharing business

Mon, 01 Jul 2019

By Rebecca Howard July 1 (BusinessDesk) - Turners Automotive Group is investing A$1 million into ASX-listed Collaborate Corporation, a tech-focused car-sharing and vehicle subscription business based in Australia. Turners will obtain a 12.13 percent stake in the company and will appoint a director the board, it said in a release to the NZX. Collaborate Corporation’s core business centres around the car-sharing market with DriveMyCar, an Australian peer-to-peer car rental business, complemented by Carly, a vehicle subscription service w...

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