Peer-to-peer carsharing marketplace Getaround is laying off about 30% of its North American staff as part of a restructuring plan. The company will restructure its workforce and operations to reduce costs, align with the globalization of its business, lengthen its cash runway and accelerate its path to...
After we shell out $30,000 or $40,000 for a car, it becomes all too easy to forget that our vehicles are often sitting idle for the majority of the day. “We own too many cars. We park them 22 to 23 hours a day, so...
Two carsharing companies are coming together as Getaround acquires HyreCar. With this transaction, HyreCar’s carsharing marketplace for ridesharing and food and package delivery services will be added to Getaround’s carsharing platform that enables a contactless experience, the companies said in a Monday (May 15) press...
Transportation company Penske Corporation announced that it is rolling out its new carsharing service in Washington, DC and Arlington, VA, this week. Penske Dash provides members with on-demand access to Volkswagen Jetta SE vehicles that can be rented by the minute, hour or day through...
June 08, 2023
After we shell out $30,000 or $40,000 for a car, it becomes all too easy to forget that our vehicles are often sitting idle for the majority of the day. “We own too many cars. We park them 22 to 23 hours a day, so there’s a vast amount of underutilization,” Sam Zaid, CEO and […]
July 05, 2017
Friction is something that I talk and write about a lot. Its abundance in payments and commerce is what inspires innovators to challenge a friction-filled status quo and create something...
February 13, 2025
Carsharing marketplace Getaround and its HyreCar business are winding down their U.S. operations. Getaround will continue to provide carsharing services in its European markets, the company said in a Tuesday (Feb. 11) press release. “Despite significant improvements in overall profitability and extensive restructuring efforts, the company has faced an ongoing lack of liquidity which has […]
February 08, 2024
Peer-to-peer carsharing marketplace Getaround is laying off about 30% of its North American staff as part of a restructuring plan. The company will restructure its workforce and operations to reduce costs, align...
May 15, 2023
Two carsharing companies are coming together as Getaround acquires HyreCar. With this transaction, HyreCar’s carsharing marketplace for ridesharing and food and package delivery services will be added to Getaround’s carsharing...
October 23, 2019
Transportation company Penske Corporation announced that it is rolling out its new carsharing service in Washington, DC and Arlington, VA, this week. Penske Dash provides members with on-demand access to...