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Company

Getaround

Getaround is a peer-to-peer car sharing marketplace that enables car owners to rent out their cars.

United States, North America Disrupt NY 2011 0 Winner

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Details

Founded Date

2010

Industries
Automotive Marketplace Mobility Travel and Transport
Operating Status

IPO

Website

www.getaround.com

Founders

Sam Zaid Founder

News About Getaround

Logo for Getaround peer-to-peer car sharing service on the side of a car.
Transportation

Car-sharing company Getaround cuts one-third of US workforce

Kirsten Korosec

Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is cutting 30% of its North American workforce as part of a restructuring. The company said in a statement it will restructure its workforce and operations to reduce costs in hopes of extending its cash runway and accelerating […]

man about to get into Getaround car
Transportation

Getaround’s Q3 earnings delight investors, but the company isn’t out of the woods yet

Rebecca Bellan

Peer-to-peer carsharing company Getaround has filed its first earnings report since going public a year ago via a SPAC combination. The company’s third-quarter earnings report details a company seeing quick revenue growth, but not enough top line yet to cover its expenses.  Getaround reported gross bookings of $69 million in the third-quarter, resulting in $23.8 […]

Logo for Getaround peer-to-peer car sharing service on the side of a car.
Transportation

Getaround aims to scale car-sharing platform with HyreCar acquisition

Rebecca Bellan

Peer-to-peer car-sharing company Getaround said Thursday it will acquire the assets of HyreCar, another car-sharing marketplace, for $9.45 million. Getaround expects to realize up to $75 million of run rate annualized gross booking value from the deal, which the company says will contribute to positive adjusted EBITDA profitability. “At this acquisition price point, we believe […]

Logo for Getaround peer-to-peer car sharing service on the side of a car.
Transportation

Car-sharing SPAC Getaround lays off 10% of staff

Rebecca Bellan

Peer-to-peer car-sharing company Getaround is laying off 10% of staff starting Thursday. The layoffs are part of a restructure aimed to put Getaround on the path to “sustainable profitability and long-term growth,” the company said in a statement. Per LinkedIn, Getaround has 421 employees, so the staff cuts should affect around 42 employees. Getaround would […]

Logo for Getaround peer-to-peer car sharing service on the side of a car.
Transportation

Car-sharing platform Getaround gets delisting warning from NYSE

Rebecca Bellan

The New York Stock Exchange has issued a delisting warning to peer-to-peer car rental company Getaround for trading too low, according to the company. Getaround debuted on the public markets in December after merging with a special purpose acquisition company (SPAC). The combined company’s stock began trading at around $10 per share and promptly lost […]

Logo for Getaround peer-to-peer car sharing service on the side of a car.
Transportation

Peer-to-peer car rental startup Getaround fined nearly $1M by DC’s attorney general

Aria Alamalhodaei

Getaround was fined nearly $1 million by the Washington, D.C. Office of the attorney general for operating without a license and other violations, part of a settlement of what the peer-to-peer car rental startup calls “politically motivated allegations.” The AG’s office started investigating the company early last year, after it received reports of vehicle thefts […]

Transportation

Turo puts $1 million toward helping Black people make money sharing cars

Megan Rose Dickey

Car-sharing marketplace Turo has teamed up with Kiva to offer interest-free loans to Black people and folks from traditionally underserved communities to buy cars and then share them on Turo. The $1 million commitment aims to address the issue of wealth inequality in the United States. Called the Turo Seed Initiative, those who are eligible […]

Logo for Getaround peer-to-peer car sharing service on the side of a car.
Startups

Getaround tops up $25M debt financing to its $140M Series E

Natasha Mascarenhas

Silicon Valley peer-to-peer car rental startup Getaround has secured a $25 million loan from Horizon Technology Finance Corporation. The financing announcement comes one month after Getaround raised $140 million from investors, including SoftBank Vision Fund, Menlo Ventures, Reid Hoffman and Mark Pincus’ Reinvent Capital. Getaround’s raise signals that the company is looking for new ways […]

NEW YORK, NY - APRIL 18: People pass walk by the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. The video-conferencing software company announced it's IPO priced at $36 per share, at an estimated value of $9.2 billion. (Photo by Kena Betancur/Getty Images)
Enterprise

Daily Crunch: Zoom launches its events marketplace

Anthony Ha

Zoom has a new marketplace and new integrations, Spotify gets a new format and we review Microsoft’s Surface Laptop Go. This is your Daily Crunch for October 14, 2020. The big story: Zoom launches its events marketplace Zoom’s new OnZoom marketplace allows anyone to host and sell tickets for virtual events. It’s also integrating the […]

TC

Ade Ajao, Maryanna Saenko, Charles Hudson, Ulili Onovakpuri and Melissa Bradley are coming to Disrupt

Connie Loizos

At TechCrunch Disrupt, our Startup Battlefield event is the centerpiece of the event, the true heart of this signature program. There’s good reason we take it so seriously. Over the years, the Startup Battlefield competition has helped launch dozens of nascent startups that have grown into game-changing brands, including Cloudflare, Dropbox, Vurb, Mint, GetAround, Fitbit, […]

Startups

72 hours left to apply to Startup Battlefield at Disrupt 2020

Neesha A. Tambe

Get featured in front of the largest TechCrunch Disrupt audience in history. The opportunity clock is ticking, and you have just 72 hours left for a chance to compete head-to-head against top startups from around the world at Disrupt 2020. Beat the deadline — apply to compete in Startup Battlefield before June 19 at 11:59 […]

TC

Casper winds down European operations and lays off 78 people

Natasha Mascarenhas

Mattress company Casper is shutting down its European operations and laying off 78 people as it focuses on “achieving profitability,” according to a statement by the company. The layoff impacts 21% of its corporate workforce globally. In the statement, the company said that it is winding down European operations to “concentrate on the strength of […]

Transportation

GM exits car-sharing business and shuts down Maven

Kirsten Korosec

GM’s experiment with car sharing is over. The automaker Tuesday said its Maven car-sharing service, which launched in 2016, will shut down for good. Maven had paused service due to the COVID-19 pandemic. The company sent an email to customers Tuesday that after examining the business, the car-sharing industry and COVID-19, it decided to shutter […]