Peer-to-peer carsharing group Getaround launched its $140 million Series E financing round, the company announced. This round is being led by PeopleFund and also includes financing from Reinvent Capital, Menlo Ventures, SoftBank, Braemar Energy Ventures, and others.
The money raised from this round will help fund connected car technology research, expand partnerships, and improve offerings to users.
Getaround also added four new members to its executive branch:
- Chief Operating Officer Dan Kim
- Chief Financial Officer Laura Onopchenko
- Vice President, People and Culture Tia Gordon
- Vice President, Customer Experience Ruth Yankoupe
Additionally, the company announced that has designated Election Day as a paid holiday for employees.