Announced
Completed
Financials
Sources
Tags
Cross Border
Completed
Online and Social Platforms
Private Equity
Private
Minority
Friendly
Single Bidder
Venture Capital
carsharing platform
United States
Acquisition
Synopsis
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.
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