Auto Industry Bets on Ridesharing With $24 Million Getaround Funding
Skift Take
With just $40 million in the bank, don't expect Getaround to make good on its pledge to launch in "all major U.S. cities in the next year," but this latest funding round, in tandem with other fundings in this space, shows that ground transportation and ridesharing is the hottest thing going at the moment.
An auto industry-related company pumped $24 million in funding into San Francisco-based ridesharing service Getaround "to truly change the way people own cars by expanding access to peer-to-peer car-sharing and lower barriers to participation," according to a joint statement from Getaround and lead investor Cox Au
