Getaround is a technology company.
Getaround has raised $541.0M across 8 funding rounds.
Key people at Getaround.
Getaround has raised $541.0M in total across 8 funding rounds.
Key people at Getaround.
Getaround has raised $541.0M in total across 8 funding rounds.
Getaround's investors include Andreessen Horowitz, BMW i Ventures, Menlo Ventures, Triangle Peak Partners, Zetta Venture Partners, Invariantes Fund, GSF Accelerator, SOSV, Venture Catalysts | India's First Integrated Incubator, 75 & Sunny, Benchmark, Bond.
Getaround is a peer-to-peer carsharing platform that connects car owners with renters, enabling owners to monetize idle vehicles while providing renters with convenient, on-demand access to cars via a mobile app.[1][2][5] It solves urban mobility challenges by optimizing underutilized cars—idle 95% of the time—reducing the need for personal ownership, lowering costs, and promoting sustainability through fewer vehicles on roads.[2][4] The service targets renters needing short-term cars for work or life and owners seeking passive income, with revenue from transaction fees, premium insurance, roadside assistance, and tech features like keyless entry.[2] Growth included U.S. expansion to 850+ cities and Europe, a 2022 SPAC merger valuing it at $1.2 billion, but U.S. operations ceased in February 2025 due to liquidity issues, shifting focus to Europe where it remains the largest car-sharing service.[1][3][5]
Getaround was founded in 2009 in San Francisco by Sam Zaid, Jessica Scorpio, and Elliot Kroo, who identified the inefficiency of cars sitting idle 95% of the time—wasting 30 billion hours daily—and built a peer-to-peer marketplace to unlock that value.[1][4][6] The idea emerged from the sharing economy boom, launching publicly on May 24, 2011, at TechCrunch Disrupt New York, where it won the startup competition, gaining early visibility.[1] Pivotal moments included a 2012 Federal Highway Administration grant for Portland expansion, 2016 acquisition of City CarShare's assets, 2018 $300 million SoftBank funding, and 2019 $300 million Drivy acquisition for European entry.[1] A 2022 SPAC merger listed it as GETR on the NYSE at $1.2 billion valuation, but liquidity challenges led to U.S. shutdown on February 11, 2025, preserving European operations.[1]
Getaround rides the sharing economy and urban mobility trends, capitalizing on gig economy growth, sustainability demands, and post-pandemic shifts away from car ownership amid high urban costs.[2][4] Timing aligned with smartphone ubiquity for app-based access and regulatory evolution—co-founder Jessica Scorpio helped pass car-sharing insurance laws—creating a moat against traditional rentals.[1][4] Market forces like rising insurance complexities and idle asset inefficiencies favored its lightweight, asset-light model over fleet-heavy competitors, influencing ecosystems through partnerships (e.g., City CarShare, Drivy) and viral host referral programs that scaled supply.[1][4] It pioneered peer-to-peer carsharing, proving collaborative consumption's viability and inspiring platforms in mobility, though U.S. exit highlights capital intensity in scaling against ridesharing giants.[1]
Post-U.S. exit, Getaround's European focus positions it to consolidate as the continent's top car-sharing player, leveraging denser urban markets and green regulations for growth.[1][5] Trends like electrification, AI-optimized matching, and integrated micromobility will shape its path, potentially expanding premium services or B2B fleets. Influence may evolve toward a pure-play Euro marketplace, acquiring regional players or partnering with OEMs for connected cars—echoing its original mission to make sharing superior to owning, now refined by hard-won scalability lessons.[3][4]
Getaround has raised $541.0M across 8 funding rounds. Most recently, it raised $140.0M Series E in October 2020.
