PeopleFund led a $140m Series E round in Getaround.

PeopleFund, a global active investor, led a $140m Series E round in Getaround, a carsharing platform, with new investors including Reinvent Capital, Henry McGovern, Pennant Investors, and VectoIQ, alongside a broad set of existing investors including SoftBank Vision Fund, Menlo Ventures, Braemar Energy Ventures, Triangle Peak Partners, Asset Plus Capital, Bpifrance, Cathay Innovation, and Via-ID. "Our contactless solution has empowered people around the world to carshare during the global pandemic, and, as a result we have rebounded from a steep initial drop of 75% in usage due to Covid-19 to achieve significant growth. As we work to continue to scale our marketplace, we are proud to have the support of our world-class investors. Closing a round of funding negotiated in such challenging times amidst the pandemic underlines their belief that Getaround is truly the future of mobility," Sam Zaid, Getaround Founder and CEO.