Getaround
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|
Revenues | 58.7m | 63.1m | 59.5m | 72.7m | 80.0m | 89.6m |
% growth | - | 7 % | (6 %) | 22 % | 10 % | 12 % |
EBITDA | (131m) | (86.6m) | (124m) | (68.6m) | - | - |
% EBITDA margin | (222 %) | (137 %) | (208 %) | (94 %) | - | - |
Profit | (165m) | (120m) | (136m) | (114m) | - | - |
% profit margin | (281 %) | (190 %) | (229 %) | (157 %) | - | - |
R&D budget | 17.5m | 17.8m | 24.7m | 16.1m | - | - |
R&D % of revenue | 30 % | 28 % | 42 % | 22 % | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- |
| N/A | - |
N/A | Seed | ||
N/A | Seed | ||
$3.4m | Seed | ||
$1.7m | Grant | ||
$5.0m | Series A | ||
$13.9m | Series A | ||
N/A | N/A | - | |
$24.0m | Series B | ||
N/A | - | ||
$10.0m | Series C | ||
$45.0m | Series C | ||
N/A | $22.1m Valuation: $622m | Series D | |
* | $300m Valuation: $840m | Series D | |
N/A | Convertible | ||
$140m Valuation: $1.5b | Series E | ||
$25.0m | Debt | ||
* | $225m Valuation: $1.2b 19.0x EV/LTM Revenues -13.8x EV/LTM EBITDA | SPAC IPO | |
* | $20.0m | Post IPO Debt | |
* | $300m | Post IPO Debt | |
* | N/A | $50.0m | Post IPO Debt |
Total Funding | $565m |
Recent News about Getaround
EditGetaround is a peer-to-peer car-sharing platform that connects people who need a vehicle with those who have one available. Founded in 2009, Getaround allows car owners to list their vehicles for rent on a flexible schedule, enabling them to earn money from their underutilized cars. Renters can browse a variety of vehicles through the Getaround app or website, ranging from compact cars to luxury models, and book them for short-term use, whether it's for a few hours or several days.
The platform is designed to provide a convenient and cost-effective alternative to traditional car rental services, offering users access to nearby vehicles with the ease of a few clicks. Getaround vehicles are equipped with proprietary technology, known as the Getaround Connect®, which allows renters to unlock and start the car using their smartphone, eliminating the need for in-person key exchanges.
Getaround operates in various cities across the United States and Europe, catering to a wide range of transportation needs, from running errands to weekend getaways. The platform emphasizes safety and trust, providing insurance coverage and 24/7 roadside assistance for every trip. By promoting car sharing, Getaround aims to reduce the number of cars on the road, contributing to more sustainable urban mobility.