What is Getaround?
Founded in 2009 and headquartered in San Francisco, California, Getaround operates a carsharing service that allows individuals to rent and unlock vehicles using their smartphones. The platform also enables vehicle owners to monetize their assets by sharing their cars, thereby offsetting ownership costs. This innovative approach addresses urban mobility challenges and provides a flexible alternative to traditional car ownership. The company's business model is designed to capitalize on the growing sharing economy and the increasing demand for convenient, on-demand transportation solutions.
How much funding has Getaround raised?
Getaround has raised a total of $608M across 10 funding rounds:
Angel/Seed
$3.4M
Grant
$1.7M
Series A
$13.9M
Series B
$24M
Series C
$45M
Series D
$300M
Multiple Rounds
$170M
Debt
$50M
Angel/Seed (2011): $3.4M with participation from Redpoint Ventures, Marc Randolph, Barney Pell, General Catalyst, CrunchFund, and Matt Mullenweg
Grant (2011): $1.7M led by Federal Highway Administration
Series A (2012): $13.9M supported by Collaborative Fund, Correlation Ventures, Menlo Ventures, and SOSV
Series B (2014): $24M featuring Triangle Peak Partners, Menlo Ventures, SOS Ventures, and Cox Automotive
Series C (2017): $45M backed by Menlo Ventures, Toyota Motor Corporation, Triangle Peak Partners, and Braemer Energy Ventures
Series D (2018): $300M with participation from Toyota Motor Corporation and SoftBank
Debt (2020): $5M led by PPP
Series E (2020): $140M supported by Reinvent Capital, PeopleFund Inc, VectoIQ partners, and Pennant Investors
Debt (2020): $25M featuring Horizon Technology Finance Corporation
Debt (2024): $50M backed by Mudrick Capital Management
Key Investors in Getaround
Toyota Motor Corporation
Toyota Motor Corporation is a Japanese automotive manufacturer engaged in the design, manufacture, and sale of car products, including sedans, minivans, and trucks, as well as related parts and accessories. They also provide financial services related to product sales and vehicle leasing.
Menlo Ventures
Menlo Ventures is a venture capital firm investing in early and growth-stage technology companies across sectors such as enterprise software, consumer internet, fintech, infrastructure, and frontier tech, typically taking board roles and partnering with founders through multiple stages of scale.
Triangle Peak Partners
Triangle Peak Partners is a multi-strategy asset management firm specializing in growth stage investments in technology, clean tech, and energy sectors. The firm manages a diverse portfolio that includes companies in financial search engines, crowdsourced bug bounty platforms, and residential solar power.
What's next for Getaround?
With its latest strategic investment, Getaround is poised to further enhance its service offerings and expand its market reach. The company's trajectory suggests a focus on scaling operations, potentially through technological advancements in its platform, fleet management, and user experience. Future growth may involve strategic partnerships, geographic expansion into new urban centers, and continued innovation in the mobility sector. The company's ability to attract significant capital indicates strong investor confidence in its long-term vision and its capacity to navigate the competitive landscape of transportation and carsharing.
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