• SoftBank Leads $300M Funding Round for Rental Car Company Getaround

    3 monthes ago - By Fortune

    Japanese conglomerate SoftBank is betting big on the “car sharing” business.
    Car rental company Getaround announced on Tuesday that it has closed a $300 million investment round led by SoftBank. According to Quartz, which earlier reported on the venture round, Getaround didn't announce its valuation. In total, however, the company has raised nearly $400 million since its founding.
    Getaround is taking aim at traditional rental car companies like Hertz and Avis. Instead of operating facilities that give you any number of car options like those companies, Getaround instead believes that...
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  • Getaround raises $300 million Series D round led by SoftBank

    Getaround raises $300 million Series D round led by SoftBank

    3 monthes ago - By Tech Crunch

    SoftBank has landed on its next target. Getaround, the peer-to-peer car rental startup that first launched at TechCrunch Disrupt NY in 2011 , has raised a $300 series D round led by SoftBank with participation from Toyota Motor Corporation and others. Getaround had previously raised $88 million in venture capital, with its previous round coming at $45 million last November. The plan with the funding is to expand Getarounds product offerings and partnerships, and ge tinto additional markets in the U.S. and internationally.
    “What we really liked about was they take a really long view on...
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  • SoftBank revs up peer-to-peer car sharing with an investment in Getaround

    3 monthes ago - By Fast Company

    Off to a slow start, peer-to-peer car sharing may finally be having a moment.
    SoftBank's Vision Fund has invested in everything from self-driving cars to ride hailing. Now it's leading a $300 million investment in peer-to-peer car-sharing platform Getaround.
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