What is Getaround?
Founded in 2009 and headquartered in San Francisco, California, Getaround operates a peer-to-peer carsharing service. The platform allows users to rent and unlock vehicles using their smartphones, offering a convenient alternative to traditional car ownership. Simultaneously, it provides vehicle owners with an avenue to monetize their assets by sharing their cars, thereby offsetting ownership costs. The company's model addresses urban mobility challenges and the increasing demand for flexible 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, Matt Mullenweg, Marc Randolph, Barney Pell, General Catalyst, and CrunchFund
Grant (2011): $1.7M led by Federal Highway Administration
Series A (2012): $13.9M supported by Collaborative Fund, Menlo Ventures, SOSV, and Correlation Ventures
Series B (2014): $24M featuring Triangle Peak Partners, Cox Automotive, SOS Ventures, and Menlo Ventures
Series C (2017): $45M backed by Braemer Energy Ventures, Toyota Motor Corporation, Triangle Peak Partners, and Menlo 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, Pennant Investors, VectoIQ partners, and PeopleFund Inc
Debt (2020): $25M featuring Horizon Technology Finance Corporation
Debt (2024): $50M backed by Mudrick Capital Management
Key Investors in Getaround
General Catalyst
General Catalyst operates as a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages. The firm deploys capital strategically to back entrepreneurs and management teams pursuing ambitious visions that reshape their respective industries.
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, among others.
Braemer Energy Ventures
Braemar Energy Ventures is focused on technology investments that drive energy transition across various industries. They support companies like ChargePoint, which operates the world's largest EV charging network, and CarbonFree, which aims to capture industrial carbon emissions.
What's next for Getaround?
The recent major strategic investment in Getaround signals a pivotal phase for the company, likely focused on expanding its market reach, enhancing its technological infrastructure, and potentially exploring new service verticals. This capital infusion is expected to fuel further innovation in the carsharing space, reinforcing Getaround's competitive edge and its capacity to adapt to evolving consumer preferences and regulatory landscapes. The company's trajectory suggests a continued emphasis on scalable growth and operational efficiency.
See full Getaround company page
