Giovanni Smith
👤 SpeakerAppearances Over Time
Podcast Appearances
What we try to do is really get existing assets.
Like if you have a car in your driveway,
We regulate the prices.
We regulate the experiences through our hubs and how we distribute the cars.
And also we manage and maintain the prices.
Sorry, Giovanni.
Exactly.
Exactly.
So right now, we have, because we just switched over to this model and we have roughly say over 10 different owners right now.
We do own some of the assets, but through our different companies, what we used to have on Toro.
So now we've flipped that over into the subscribed brand, right?
So right now we have over 30 cars right now.
Okay.
And we're growing.
So right now we're just based in Toronto right now.
Oh.
We have, I would say, easily, renters, we have maybe around 15, 20, give or take.
Yeah.
So we make money by taking a piece of the pie, right?
And we offer the coverage in terms of insurance, and we take a piece of the transaction, and that's how we actually make money.