b'SCOA Leans into SharingEconomy with Fluid Truck arlier this year, SCOA advanced its stake in the future of transportation through an external Series A fundraisinground for vehicle-sharing start-up Fluid Truck. Headquartered in Denver, Colorado, Fluid Truck is an app-based platform that facilitates24/7 vehicle rental access to commercial trucks and vans across the United States. With this capital, Fluid Truck is an Fluid Truck will continue to invest in its platform, scaling the engineering and operations teams and app-based platformaccelerating launches into new markets. that facilitates 24/7vehicle rental access to commercial trucksand vans across the United States.their fleet to provide sustainable operations solutionsFluid Truck is currently operating in 40 different cities for their clients.across the U.S. and will actively expand into new cities Fluid Trucks business model can further assist SCOAthroughout the next few years. While car-sharing busi-in meeting its goals of advancing a circular econo- nesses grow within the U.S., SCOA can utilize FTs my and climate change mitigation. By promoting aplatform and capabilities for future business develop-sharing economy, their platform increases utilizationment by collaborating with existing businesses.of each vehicle, where multiple customers can rentWe are excited to partner with Fluid Trucks the same vehicle that would otherwise be idle duringtech-forward vehicle sharing platform, said Shinichiro off-peak times. Shane Wakasugi, General Manager of SCOAs Au-The companys overall vision is to reduce the numbertomotive Group. We believe we can obtain insights of vehicles on the road and dependence on owner- and experience from Fluid Truck that helps the Digital ship, said Rosenbach. During certain seasonal times,Transformation of SCOA businesses, including Auto-where vehicle supply is limited, he added, we seemotive and other business units, as well as help us learn customers renting as an opportunity to quickly andhow to offer such services to customers in Japan. flexibly expand their fleet. Fluid Truck offers a solu- In line with a handful of on-demand transportation tion to provide vehicles to customers when they needinvestments, such as Turo, TransFix, and VeriTread, them, and customers dont have to pay for vehicles thatFluid Trucks technology is helping SCOA to redefine may be underutilized.sustainable transportation and the sharing economy. SCOAs Automotive Group car-sharing partnerships are part of an overall strategy to realize a sustainable society by building and driving new social and logisticalFluid Trucksinfrastructure.app-based platformfacilitates pick-upand return. Sumitomo Corporation of Americas 9'