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Getaround
Getaround is an online car sharing or peer-to-peer carsharing service that connects drivers who need to reserve cars with car owners who share their cars in exchange for payment.
Getaround launched to the public on May 24, 2011, at the TechCrunch Disrupt conference. Before ceasing US operations on Feb 12, 2025, the company operated in Boston, Chicago, San Francisco Bay Area, New Jersey, Portland, Seattle, Philadelphia, Miami, Orlando, Atlanta, San Diego, Los Angeles, Denver, and Washington D.C. The company continues to operate in several European markets.
Getaround was founded in 2009 by Sam Zaid, Jessica Scorpio, and Elliot Kroo. In May 2011, Getaround won the TechCrunch Disrupt New York competition. In 2012, Getaround began serving Portland, Oregon with the aid of a $1.725 million grant from the Federal Highway Administration.
In November 2016, Getaround reached an agreement with City CarShare to take over its fleet, parking spaces and member base.
In August 2018, Getaround raised $300 million in fundings from Softbank.
In April 2019, Getaround absorbed the carsharing platform Drivy for $300 million and rebranded as Getaround six months later.
In May 2022, Getaround announced an agreement to merge with a Special Purpose Acquisition Company (SPAC) to start selling shares of the organization on the New York Stock Exchange. Listed as ‘GETR’, the company would have a equity value of $1.2 billion.
On February 11, 2025, Getaround announced the cessation of its U.S. operations while maintaining its European business, citing liquidity challenges. The decision affected both its car-sharing and HyreCar operations in the United States.
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Getaround
Getaround is an online car sharing or peer-to-peer carsharing service that connects drivers who need to reserve cars with car owners who share their cars in exchange for payment.
Getaround launched to the public on May 24, 2011, at the TechCrunch Disrupt conference. Before ceasing US operations on Feb 12, 2025, the company operated in Boston, Chicago, San Francisco Bay Area, New Jersey, Portland, Seattle, Philadelphia, Miami, Orlando, Atlanta, San Diego, Los Angeles, Denver, and Washington D.C. The company continues to operate in several European markets.
Getaround was founded in 2009 by Sam Zaid, Jessica Scorpio, and Elliot Kroo. In May 2011, Getaround won the TechCrunch Disrupt New York competition. In 2012, Getaround began serving Portland, Oregon with the aid of a $1.725 million grant from the Federal Highway Administration.
In November 2016, Getaround reached an agreement with City CarShare to take over its fleet, parking spaces and member base.
In August 2018, Getaround raised $300 million in fundings from Softbank.
In April 2019, Getaround absorbed the carsharing platform Drivy for $300 million and rebranded as Getaround six months later.
In May 2022, Getaround announced an agreement to merge with a Special Purpose Acquisition Company (SPAC) to start selling shares of the organization on the New York Stock Exchange. Listed as ‘GETR’, the company would have a equity value of $1.2 billion.
On February 11, 2025, Getaround announced the cessation of its U.S. operations while maintaining its European business, citing liquidity challenges. The decision affected both its car-sharing and HyreCar operations in the United States.