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...
Can small-scale rental car entrepreneurs take on giants like Hertz and Avis Budget? That’s what a group of these do-it-yourselfers aim to do, according to a report Saturday (July 22) by the Wall Street Journal (WSJ). According to the report, these businesses are putting together vehicle fleets...
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...
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 […]
November 06, 2020
In a world that’s home to one billion cars that sit unused the majority of the time, the concept of sharing a vehicle only when you need it – versus...
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...
July 23, 2023
Can small-scale rental car entrepreneurs take on giants like Hertz and Avis Budget? That’s what a group of these do-it-yourselfers aim to do, according to a report Saturday (July 22) by the...
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...