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.

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What is Getaround's IPO price?

Getaround's IPO price is $0.1679 as of 1/18/24.
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What is Getaround's funding to date?

Getaround has raised $573.43MM to date.
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When was Getaround founded?

Getaround was founded in 2009.

Who are Getaround's major investors?

Menlo Ventures
SPARX Group
Horizon Technology Finance
Braemar Energy Ventures
Toyota Motor
Vistara Capital Partners

Getaround Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
10/14/2020 Series E, E-1, E-2 and E-3 $125.71MM raised $XXX.XX $XXX.XX
8/9/2019 Series D-3 $50.77MM raised $XXX.XX $XXX.XX
8/21/2018 Series D and D-2 $322.05MM raised $XXX.XX $XXX.XX
4/20/2017 Series C $40.77MM raised $XXX.XX $XXX.XX
11/20/2014 Series B $19.31MM raised $XXX.XX $XXX.XX
8/2/2012 Series A $14.82MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: May 18, 2024

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