Getaround Inc (N:GETR)
Business Focus: Passenger Car rental
| Sector: Industrials | Industry: Passenger Transportation, Ground & Sea |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 55 Green Street SAN FRANCISCO CA 94111 |
| Tel: | N/A |
| Website: | https://www.ipvspac.com |
| IR: | See website |
| Key People | ||
| Jason B. Mudrick Chairman of the Board | Eduardo Iniguez Vazquez Chief Executive Officer | Tom Alderman Chief Financial Officer |
| Kasra Sy Fahimi Chief Operating Officer | Spencer D. Jackson General Counsel, Company Secretary | |
| Business Overview |
| Getaround, Inc. provides a connected carsharing marketplace. The Company makes sharing cars and trucks simple through its cloud and in-car Connect technology. Its technology enables a contactless experience, no waiting in line at a car rental facility, manually completing paperwork or meeting anyone to collect or drop off car keys. Its Getaround Connect Cloud Platform creates a digital experience that enables guests to find cars nearby, and for hosts to share their cars with guests, in both high and low population-density geographies. Connected cars on its network are installed with either its Getaround Connect electronic Internet of Things (IoT) device or with a third-party after-market IoT device compatible with its network. Its digital carsharing marketplace derives demand from guests who want access to cars nearby 24/7 for a variety of use cases, such as local and long-distance getaways, running errands, business travel and driving to earn through rideshare and delivery platforms. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Getaround Inc revenues increased 22% to $72.7M. Net loss decreased 16% to $113.9M. Revenues reflect United States segment increase of 29% to $46M, Europe segment increase of 13% to $26.7M. Lower net loss reflects Peer-to-peer car-sharing service segment loss decrease of 45% to $99.4M. Basic Earnings per Share excluding Extraordinary Items increased from -$1.48 to -$1.23. |
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