Car-sharing startup has raised about $300 million in the latest round led by Japan's Group, the San Francisco-based firm said on Tuesday. Motor and some other existing investors were also part of the Series D funding round. Getaround, founded in 2013, has been operating its car-sharing service in 66 U.S. cities including San Francisco, Chicago and Washington D.C. The company said it will use the latest funding to expand in North America and around the world and to develop partnerships with automakers. Peer-to-peer is seen as a threat to traditional car ownership and many global automakers, including General Motors Co and Volkswagen AG, have adapted to the changing face of the sector by entering into partnerships with firms like Getaround. The startup, which partners with Ford Motor and Toyota, also collaborated with Uber in April to launch Uber Rent in San Francisco. Last year, Getaround raised $45 million in new capital, led by venture capital firm Braemar Energy Ventures. Some of the company's other investors include asset management firms Menlo Ventures, automotive services provider Cox Automotive Inc and actor Ashton Kutcher. SoftBank, with its $93 billion Vision Fund, is known for its appetite for big technology investments and is the largest shareholder in Uber. It has also taken stakes in China's ride-hailing app Didi, India's Ola and Southeast Asia's Grab.
Getaround has raised $ 500 m in its latest venture D funding round , with the proceeds earmarked to expand the automotive start - up 's car - sharing capabilities throughout North ##pe and overseas . Funding was led by Softbank and Toyota . Getaround was established in 2013 and operates across the US . Car ##around are seeking to meet the challenge of P2P car sharing head on , resulting in partnerships between Getaround and Toyota as well as a deal between Toyota and Uber .