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.
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
Funding rounds
People
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
Further reading
SoftBank-backed Getaround is raising $200M at a $1.5B+ valuation
Kate Clark
Web
September 5, 2019