Getaround Receives Investment to Expand Car Sharing Service
Getaround closed $13.9 million Series A financing to grow its car sharing service that allows members to share their own vehicle throughout four cities.
Getaround, a peer-to-peer car sharing service, announced Aug. 2 it has closed a $13.9 million Series A Round to continue to expand into receptive markets and develop new product features and technology.
Getaround was also selected to receive $1.725 million in federal funding to launch peer-to-peer car sharing and study the impact in Portland, Oregon.
The car sharing service offsets the cost of car ownership by giving people a chance to share their cars with others nearby, taking up to 13 cars off the road and cutting 165 pounds of carbon emissions.
The company launched in San Francisco in 2011 and has expanded its services to Austin, San Diego and Portland with more than 10,000 members nationwide.
Led by Menlo Ventures, the round includes Yahoo CEO Marissa Mayer, A-Grade Investments and Innovation Endeavors as investors. Other participating investors include Collaborative Fund, Sean O’Sullivan of SOSventures, Correlation Ventures, CEO of HotelTonight Sam Shank, CEO of Yammer David Sacks, CEO of Saba Software Bobby Yazdani, Founder of Hoteles.com Matias de Tezanos, Founder of Clarity.fm Dan Martell, and CEO of .CO Juan Diego Calle.
“We’re proud of this significant milestone for the company and humbled that this group of investors believe in our mission of disrupting the transportation industry as much as we do,” said Sam Zaid, CEO and founder of Getaround. “While we’ve been laser focused on growing Getaround in four cities, we’re excited to bring car sharing to even more people with this funding.”
More Rental Operations
Advantage, Sixt Place Among Top Five in Annual Satisfaction Study
While Enterprise and National retain the top spots in JD Power’s 2026 rankings, the latest customer satisfaction results suggest renters can find competitive service beyond the biggest car rental names.
Read More →
The $100,000 Insurance Trap in Exotic Car Rentals
Exotic rental agencies often rely on customers’ personal auto policies to protect six-figure vehicles. But policy language can dramatically change the coverage for vehicles over $100,000 MSRP.
Read More →
The Booking Is Confirmed, But Is Your Customer Ready to Drive?
For international renters, a confirmed reservation doesn’t always mean they’re eligible to drive. Earlier checks can help operators catch documentation and payment issues before the customer reaches the counter.
Read More →
ICRS 2027 Opens Call for Papers
The International Car Rental Show seeks session proposals on the business, operational, and technology issues facing car rental operators. Submissions are due Jan. 15.
Read More →
Turo to Launch Vehicle Delivery Service
Turo Delivered will let travelers search for vehicles that hosts can deliver directly to hotels, homes, airports, train stations, and other locations.
Read More →
Palm Beach Airport Code Change Creates Car Rental Distribution Gap
A test of rental searches under the old PBI and new DJT airport codes returned largely different sets of brands and vehicles, highlighting a potential distribution problem for rental operators.
Read More →
U-Save Continues Dominican Republic Expansion with Launch in Punta Cana
The new franchise location builds on U-Save’s existing Santo Domingo operation and will begin taking reservations for October 2026.
Read More →
When AI Books the Rental Car, Who Controls the Sale?
As AI moves from comparing rental rates to completing transactions, operators need to understand how travelers find, interpret, rank, and ultimately see their offers. (Part 2 of 2.)
Read More →
European Booked Car Rental Rates Fell 5%, Results Varied by Country
Ireland, Cyprus, and the United Kingdom saw steep declines, while booked rates rose in Poland and Hungary.
Read More →
Is It Time to Rethink Rental Categories?
As traditional economy and compact cars disappear from the market, longtime rental operator Mike DeLorenzo asks whether the industry’s familiar vehicle categories still make sense — and what operators need to rethink along with them.
Read More →