Getaround was founded in 2009 by Elliot Kroo, Jessica Scorpio, and Sam Zaid. In 2021, Reuters reported that the company was engaged in talks with special purpose acquisition company Altitude Acquisition Corp, suggesting that the company has plans to go public through a SPAC rather than an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Getaround is a carsharing service that allows users to rent out their cars to others. The company states that they are "currently in 300 cities and 7 countries with 5 million users and 1000+ car models." The company rebounded quickly from lockdowns as people continued to avoid public transportation and traditional rideshare services. According to a company press release, Getaround raised $160 million in its most recent round of funding, bringing their total funding close to $600 million. Investors include PeopleFund, Reinvent Capital, Pennant Investors, and SoftBank Vision Fund. A round of four new executive hires coincided with the successful round of funding. In 2019, the company acquired Drivy, Europe's primary carshare provider, and Nabobil.no, a Norwegian carshare service. The company has been valued at $1.9 billion.
Getaround completed their SPAC on December 8, 2022 to list on NYSE with ticker GETR with an implied valuation of $1.2B. Forge no longer actively tracks this company.
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Can you invest in Getaround pre-IPO?
You may invest in Getaround as it is a public company listed on the NYSE with ticker GETR. But if you are an accredited investor interested in buying pre-IPO shares of a private company, you can learn more about how to invest in the private market or register today to get started.
Can you sell shares of Getaround before it goes public?
You can no longer sell shares of Getaround on Forge as this company is no longer private. However, if you own shares of a private company, Forge may be able to help you sell them in a way that works for you and the company. Learn more or register with us today to get started.
What is the pre-IPO value of my Getaround shares?
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Is Getaround a publicly traded company?
Getaround became a public company following its SPAC on 12/08/2022 and is now traded on the NYSE under the ticker GETR.
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Will Getaround go IPO?
Getaround became a public company following its SPAC on 12/08/2022 and is now traded on the NYSE under the ticker GETR.
What is Getaround’s IPO price?
The IPO price of Getaround is not currently available.
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