Getaround Raises $300B in Financing

Peer-to-peer carsharing platform Getaround has raised $300 million in Series D funding led by the SoftBank Vision Fund, CNBC reports.

The company also received funding from Toyota and various company insiders during the financing round.

“We are confident in our product, playbook, and team,” Sam Zaid, Getaround founder and CEO said in a statement. “We look forward to leading the growth of next-generation carsharing.”

Since opening in 2010, Getaround, has raised $400 million in total capital for its carsharing network’s operations in 66 U.S. cities.