Toyota 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 Getaround. Toyota 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 Toyota and Ford as well as a deal between Getaround 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.