Getaround

Getaround is a global car-sharing platform that connects "guests" looking for vehicle rentals with "hosts" offering their cars for income opportunities. The platform provides a completely digital, touchless experience via Getaround Connect, enabling guests to skip lines, avoid paperwork, and access vehicles without meeting anyone in person. Getaround generates revenue through fees charged to guests, including trip prices, booking fees, toll fees, and late-return fees, while taking an average 40% commission from hosts. In May 2023, the company launched Getaround TrustScore v2.0, an AI model designed to enhance marketplace safety and reduce claims and insurance expenses by up to 50%. As of 2024, Getaround reports having over 5 million users and more than 70,000 vehicles available across more than 300 cities.

In June 2019, Getaround acquired Norwegian car rental startup Nabobil for USD 12 million, marking its expansion beyond the US and adding seven new European countries. This followed its acquisition of French car-sharing platform Drivy in April 2019 for USD 300 million, giving Getaround a combined presence in over 300 cities across the US and Europe and making it the leading global car-sharing marketplace, with more than 5 million users between the two companies.

In December 2022, Getaround merged with InterPrivate II Acquisition Corp to list on the NYSE. The funds from the merger were allocated to market expansion and service enhancement.

Key customers and partnerships

In October 2022, Getaround partnered with KAYAK, integrating its touchless car-sharing services into KAYAK's platform. In September 2022, the company partnered with GO, a vehicle subscription service, offering rebates of up to USD 1,200 per vehicle for cars listed on Getaround.