The company developed the Connect®, the world's first connected device for carsharing, which allows users to rent, find, and unlock Getaround cars using the app. The company went public in 2022 via a SPAC merger but received a delisting warning notice from the NYSE within months.
Cyborg Score Rationale
Getaround announced cessation of U.S. operations due to liquidity challenges. The company's stock was delisted from the NYSE in July 2024 and transferred to OTC Markets. The company faces severe operational constraints and market challenges.
Top Insights
Before ceasing US operations on Feb 12, 2025, the company operated in 14 major US metropolitan areas.
Getaround's 2022 SPAC merger valued the company at $1.2 billion, but by 2024 the company's market cap was roughly $24 million.
In April 2019, Getaround absorbed the carsharing platform Drivy for $300 million.
The company continues to operate in several European markets.
Named Competitors
Turo — Peer-to-peer car rental connecting local hosts with renters
SnappCar — European peer-to-peer car sharing platform
TravelCar — Car rental and sharing service
Recent Developments
(February 2025) Ceased all U.S. operations citing ongoing liquidity challenges
(July 2024) Stock delisted from NYSE and transferred to OTC Markets
(February 2024) Laid off 30% of staff and vacated San Francisco headquarters
(January 2024) Obtained conventional debt financing from Mudrick Capital
Open the full interactive Getaround, Inc report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.