Getaround, Inc. (GETR)
NYSE NYSE Primary Summary
Getaround abruptly shuts down US car-sharing operations
Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is shutting down its U.S. operations one year after cutting 30% of its North American workforce as part of a restructuring. Its HyreCar business, which it acquired in 2023 for $9.45 million, is also closing.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation into Getaround, Inc.
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Getaround, Inc. ("GETR" or the "Company") (NASDAQ:GETR) stock purchased prior to December 2, 2022. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the acquisition of the company, then known as InterPrivate II Acquisition Corp, and whether the Board of Getaround harmed stockholders, and whether all material facts had been properly disclosed to stockholders.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Initiates Investigation into Getaround, Inc.
NEW YORK, NY / ACCESSWIRE / January 14, 2025 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Getaround, Inc. ("GETR" or the "Company") (NASDAQ:GETR) stock purchased prior to December 2, 2022. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the acquisition of the company, then known as InterPrivate II Acquisition Corp, and whether the Board of Getaround harmed stockholders, and whether all material facts had been properly disclosed to stockholders.
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Getaround, Inc. Profile
| Software Industry | Information Technology Sector | Mr. Albert Joon Lee CEO | NYSE Exchange | US37427G1013 ISIN |
| United States Country | 290 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Getaround, Inc. is a pioneering company in the online car rental space, leveraging the power of peer-to-peer car sharing to create a dynamic and accessible platform for vehicle sharing. Established in San Francisco, California, Getaround has revolutionized how people rent cars by providing a seamless digital marketplace. Through the Getaround app, users can effortlessly access a wide variety of vehicles located nearby, available 24/7 for multiple needs ranging from short errands to longer trips. This innovative approach has positioned Getaround as a vital link for individuals seeking convenient and flexible transportation options, as well as an essential service for those looking to earn income through rideshare and delivery platforms.
Products and Services
- Getaround App
- Peer-to-Peer Car Sharing
- 24/7 Car Access
- Multiple Use Cases
The cornerstone of Getaround's offerings is its mobile application, a sophisticated marketplace that connects car owners with those in need of a vehicle. The Getaround app facilitates a user-friendly experience, enabling guests to locate, book, and access cars directly from their smartphones. This technology-driven solution provides unprecedented convenience, allowing for spontaneous and planned trips without the long-term commitments associated with traditional car ownership or rental services.
This service allows car owners to list their vehicles on the Getaround platform, thereby turning their idle assets into income-generating opportunities. Simultaneously, it offers renters a diverse selection of cars that meet their specific needs, whether for a few hours or several days. Peer-to-peer car sharing not only optimizes the utilization of existing vehicles but also contributes to a more sustainable transportation ecosystem by reducing the need for additional cars on the road.
Understanding the varied and sometimes unpredictable mobility needs of its users, Getaround ensures that its vehicles are accessible around the clock. This round-the-clock availability caters to a wide range of use cases, from last-minute errand runs to early morning airport departures, thereby providing unparalleled flexibility and convenience to its customers.
Getaround's service is designed to accommodate a spectrum of transportation needs. Users can rent cars for local errands, long-distance getaways, business travel, and even to drive and earn money through rideshare and delivery services. This versatility makes Getaround a lucrative and practical option for both car owners and renters, encompassing a broad audience looking for cost-effective and efficient transportation solutions.
Contact Information
