Getaround

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.