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About Getaround
Its shares trade under the ticker GETR. It has been listed since 5 March 2021. In the fiscal year to 31 December 2023, it reported revenue of $72.7m and a net loss of $113.9m. At that date it held total assets of $161.1m and shareholders' equity of $3.1m.
Getaround, Inc. engages in the provision of car rental services. The company is headquartered in San Francisco, California. The company went IPO on 2021-03-05. The Company, through its cloud and in-car Connect technology, digitalizes sharing cars and trucks. Its technology enables a contactless experience, including no waiting in line at a car rental facility, manually completing paperwork, or meeting anyone to collect or drop off car keys. Its cloud-based platform, Getaround Connect Cloud Platform, creates a digital experience that enables guests to find cars nearby, and 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 aftermarket IoT device compatible with its network. The Getaround Connect IoT device can be installed on any car model. The Company’s services are available in more than 1,000 cities across the United States and Europe.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Ground Transportation
- Listed since
- 5 Mar 2021
- Website
- ipvspac.com ↗
Leadership
Pay as last reported
- Mr. Jason MudrickChairman of the Board, since 2024
- Mr. Mauricio RiveraInterim Principal Executive and Financial Officer, Chief Restructuring Officer
- Mr. Spencer JacksonGeneral Counsel, Secretary$405,000
- Mr. Sam ZaidDirector, since 2022$473,500
- Mr. Bruno BowdenIndependent Director$61,504
- Mr. Neil SavageIndependent Director
- Mr. Qais SharifIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Getaround Connect Cloud Platform enables contactless car sharing in over 1,000 cities across US and Europe.
- Getaround Connect IoT device works with any car model for digital car sharing.
- Getaround's cloud-based platform supports high and low population-density areas.
Weaknesses
- Getaround's IPO was on March 5, 2021, which may indicate early market challenges.
- Getaround's business model relies on cloud and IoT technology for car sharing.
- Getaround operates in the Industrials sector, which is less common for car rental services.
Opportunities
- Getaround can expand its services to more cities in the US and Europe.
- Getaround Connect IoT device compatibility with third-party devices opens new partnerships.
- Getaround's digital platform can attract more users in high population-density areas.
Threats
- Getaround faces competition from traditional car rental companies in the Road & Rail industry.
- Getaround's reliance on IoT technology may lead to technical issues.
- Getaround's presence in Europe may face regulatory challenges in different countries.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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