MENU
SEARCHThe funding will be used to further develop the peer-to-peer rental company's contactless booking and pickup technology. C-suite hires include COO, CFO positions.
The money raised from this round will help fund connected car technology research, expand partnerships, and improve offerings to users.
Photo via Depositphotos.
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.
LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
Read More →
The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.
Read More →
West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.
Read More →
Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.
Read More →
A Carwiz partner in Puerto Rico is taking on the Panama franchise with operations in the nation's largest airport.
Read More →
The integrated business model combines each operator’s local expertise with international standards to boost sales.
Read More →
The study looks at customer analytics to size up performance in car rentals, rideshare, airlines, lodging, and OTAs.
Read More →
