Home Business NewsBusinessAutomotive Car-share startup raises $300m funding led by SoftBank

Car-share startup raises $300m funding led by SoftBank

by Purvai Dua
21st Aug 18 2:01 pm

San Francisco-based Getaround has raised about $300m in the latest funding round, led by Japan’s SoftBank Group Corp.

The startup, which started in 2010, has steadily grown its network across 66 US cities. It will use the latest funding to expand in North America and around the world and to develop partnerships with automakers.

“We are confident in our product, playbook, and team,” Sam Zaid, Getaround founder and CEO said in a statement. “We look forward to leading the growth of next-generation carsharing.”

“SoftBank sees carsharing as an accelerating trend that will disrupt car ownership”,Michael Ronen, managing partner of SoftBank Investment Advisers further told media.

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