Mexican Media Brands
Getaround Car-Sharing Startup Raises $300 Million
San Francisco-based car-sharing startup Getaround Inc. says it raised about $300 million in a latest funding round led by Japan's SoftBank Group Corp.
Share
San Francisco-based car-sharing startup Getaround Inc. says it raised about $300 million in a latest funding round led by Japan's SoftBank Group Corp.
Founded in 2013, Getaround operates peer-to-peer car-sharing services in 66 U.S. cities. The company plans to use the new funds to expand in North America, launch global programs and develop partnerships with carmakers.
Toyota, which made an unspecified investment in Getaround in 2016, and some other existing investors also contributed to the new funding. Last year Getaround raised $45 million in a funding round that included Braemar Energy Ventures, Cox Automotive, Menlo Ventures and actor Ashton Kutcher. In addition to Toyota, Getaround has partnerships with Ford and ride-hailing giant Uber.
SoftBank is Uber’s largest shareholder. The investment company also has part-ownership of several other ride-hailing companies, including DiDi Chuxing in China, Grab in southeast Asia and Ola in India.
RELATED CONTENT
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
