The app that lets you rent a car by the hour, day or week, and comes fully loaded with insurance, 24-hour roadside assistance, and a Getaround car-kit has broken ground in some new territories, including (yep, you guessed it) Austin, Texas.
The app received a $3.4 million seed round in September, with participation from Netflix founder Marc Randolph, Powerset founder Barney Pell, WordPress’ Matt Mullenweg, Redpoint Ventures, General Catalyst, Michael Arrington‘s Crunchfund and others. At that point Getaround was only available in the Bay Area, but has since gone on to disrupt the Portland area and San Diego.
You see, Getaround isn’t rushing the service into any market without being sure that there’s enough demand, variety and inventory. Luckily for all of you venturing out to SXSW this week, Getaround will be ready for you.
The company says that market-by-market expansion is imminent in the next couple of months.
Getaround provides a peer-to-peer carsharing marketplace that enables car owners to rent their cars - from Priuses to Teslas - to a community of trusted drivers by hour, day, or week using just their smartphones. Car owners invest huge amounts of time and money into an asset they barely use. The average car is idle 92% of the time, while potential drivers walk past block after block of underutilized cars. We are here to connect the dots… to help people...