Getaround has raised $300m in its latest Series D funding round, with the proceeds earmarked to expand the US start-up's car-sharing service throughout North America and overseas. Funding was led by Softbank and Toyota. The company is also working on a ride-hailing app for cars that will be launched later this year. Car manufacturers are seeking to meet the challenge of P2P car services head on, resulting in partnerships between Getaround and Ford as well as a deal between Toyota and Uber.
Getaround has raised $300m in its latest Series D funding round, with the proceeds earmarked to expand the US start-up's car-sharing service throughout North America and overseas. Funding was led by Softbank and Toyota. Getaround was established in 2013 and operates across the US. Car manufacturers are seeking to meet the challenge of P2P car services head on, resulting in partnerships between Getaround and Ford as well as a deal between Toyota and Uber.