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Getaround

Getaround

A company with a car-sharing platform and hardware. It was founded in 2009 and is located in San Francisco, California.

Getaround is a San Francisco-based company that has used technology to create a car-sharing hardware system. It allows for people to rent cars from private owners, rather than a rental agency.

Product

The company has created an electronic device called the "Getaround Connect". It provides GPS tracking, an anti-theft feature, and a cellular communications network so that renters and car owners can connect. The device stays in the car while those who are seeking a car to rent can do so through downloading the Getaround mobile application for both Android and iOS systems.

People who want to rent a car can book through the app and gain access to the car through keyless entry. Vehicles that are offered include cars, trucks, vans, and more. Renters can gain access to insurance and roadside assistance. There are mileage caps that are explained before renting the car. Prices vary and start at $5 per hour. The company states that car owners can earn between $500 and $1,000 each month using Getaround.

Timeline

March 5, 2021
Getaround launches Power HostTM Program for Entrepreneurs and Small Business Owners.

November 13, 2020
Getaround tops up $25M debt financing to its $140M Series E.

October 2020
Getaround raises a $140,000,000 series E round from Henry McGovern, Pennant Investors, Reid Hoffman, Reinvent Capital and VectoIQ.
October 2020
Getaround raises a $140,000,000 series E round from Henry McGovern, Pennant Investors, Reid Hoffman, Reinvent Capital and VectoIQ.
October 2020
Getaround raises a $140,000,000 series E round from Henry McGovern, Pennant Investors, Reid Hoffman, Reinvent Capital and VectoIQ.
October 2020
Getaround raises a $140,000,000 series E round from Henry McGovern, Pennant Investors, PeopleFund, Reid Hoffman, Reinvent Capital and VectoIQ.
August 21, 2018
Getaround raises a $300,000,000 series D round from Alumni Ventures Group, Asset Plus Capital, Invariantes Fund, Mirai Creation Fund, SOSV, SoftBank Vision Fund and Toyota.
August 2, 2012
Getaround raises a $13,900,000 series A round from A-Grade Investments, Collaborative Fund, Innovation Endeavors, Marissa Mayer and Menlo Ventures.
September 9, 2011
Getaround raises a $3,400,000 seed round from Barney Pell, CrunchFund, Marc Randolph, Matt Mullenweg and Redpoint Ventures.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Getaround Series A round
13,900,000
August 2, 2012
8 Results
Results per page:
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People

Name
Role
LinkedIn

Adam McNamara

Investor

Adam Schwartz

Investor

Adrian Aoun

Investor

Alex Bard

Investor

Amir Banifatemi

Investor

Angus Davis

Investor

Ash Patel

Investor

Ashton Kutcher

Investor

Barney Pell

Investor

Bobby Yazdani

Investor

Brandon Zeuner

Investor

Brian Martelli

Investor

Bruce Chou

Investor

Bruno Bowden

Advisor

Charles Du

Advisor

Chris Farmer

Investor

Dan Whaley

Advisor

Daniel Echavarria

Investor

David Sacks

Investor

Dror Berman

Investor

Elliot Kroo

Founder

Fabrice Grinda

Investor

Farhad Mohit

Investor

Fritz Lanman

Investor

Gary Benitt

Investor

Page 1 of 3

Further reading

Title
Author
Link
Type
Date

SoftBank-backed Getaround is raising $200M at a $1.5B+ valuation

Kate Clark

Web

September 5, 2019

Documentaries, videos and podcasts

Title
Date
Link

Getaround: It's Go Time.

May 20, 2019

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Joanna Glasner
April 30, 2021
Crunchbase News
Peer-to-peer rental startups look poised to be potential big winners in a post-pandemic economy.
Getaround
March 5, 2021
www.prnewswire.com:443
/PRNewswire/ -- Getaround, the world's largest connected car sharing marketplace, today announced the launch of Power Host,TM a program designed to support...
Andrew J. Hawkins
March 5, 2021
The Verge
Car-sharing service Getaround is launching a new program for people who want to rent out several vehicles at a time. The Power Host program is designed more for people who want to start their own car-sharing businesses.
Megan Rose Dickey
November 17, 2020
TechCrunch
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 [...]
Natasha Mascarenhas
November 13, 2020
TechCrunch
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 [...]
FinSMEs
November 13, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Horizon Technology Finance Corporation
November 12, 2020
www.prnewswire.com:443
/PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of...

References

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