A Car-Sharing Platform Raises $300 Million from SoftBank
San Francisco-based Getaround, a car-sharing platform that provides instant and keyless car sharing has raised an amount of $300 million in the latest Series D funding round. The particular funding round was led by Japan's SoftBank Group.
The other investors that were a part of this funding round included Toyota Motor and some other existing investors.
The funds raised by the company are being planned to use in the expansion process in areas of North America and around the world. Also, a part of the funds will be utilized to develop partnerships with automakers.
“We are confident in our product, playbook, and team,” Sam Zaid, Getaround founder and CEO said. “We look forward to leading the growth of next-generation carsharing.”
Founded in 2013, Getaround has gradually grown its netw...