Car-share service Getaround nails $300M funding round
Getaround will use the financing to add new cities in North America and around the world, as well as to launch new products and develop additional mobility partnerships.
Getaround, a platform that provides instant and keyless car sharing, has secured $300 million in a Series D financing round led by SoftBank Investment Advisers, with participation from Toyota Motor Corporation.
Getaround allows users to rent cars from private owners by the hour or by the day, with a $1 million insurance policy and 24/7 roadside assistance included.
Through its integrated technology platform, customers reserve, unlock and drive cars using its mobile app, without the need for the driver and owner to exchange a key.
The San Francisco-based company currently operates in 66 markets around North America and says it will use the financing to add new cities in that region and around the world, as well as to launch new products and develop additional mobility partnerships.
Prior to this funding round, Getaround had raised $100 million since its launch in 2010.
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