Getaround

Getaround
Industry Carsharing
Founded 2009 (2009)
San Francisco, CA
Founder Sam Zaid, Jessica Scorpio and Elliot Kroo
Headquarters San Francisco, CA
Area served
 urban areas of San Francisco Bay Area, San Diego, Austin, Portland and Chicago
Services Carsharing
Website http://www.getaround.com/

Getaround is an online car sharing or peer-to-peer carsharing service that allows drivers to rent cars from private car owners, and owners to rent out their cars for payment.[1] Owners set their rental prices and earn a 60% commission from their rental revenue.[2]

Getaround launched to the public in May 2011 at the TechCrunch Disrupt conference. To date, it has received $19 million USD in seed funding.[3] The company currently operates rentals in the San Francisco Bay Area, San Diego, Austin, Portland, Chicago, and Washington, D.C.[4]

Similar to other car sharing services such as Zipcar, Getaround utilizes the economic principles of collaborative consumption. However, the peer-to-peer rental model doesn’t require the company to maintain a fleet of vehicles; rather, owners manage and maintain their own vehicles.

History

Getaround was founded in the summer of 2009 by Sam Zaid, Jessica Scorpio and Elliot Kroo. Zaid and Scorpio were attendees of the inaugural Graduate Studies Program of Singularity University. In May 2011, Getaround won the TechCrunch Disrupt NYC competition[5] In February 2012, Getaround will begin serving Portland, Oregon with the aid of a $1.725 million Federal Highway Administration grant.[6]

References

  1. ↑ "Getaround Connects Car Owners and Renters with P2P Marketplace", Business Insider, June 7, 2011.
  2. ↑ How much can I earn if I rent my car through Getaround?, Getaround.
  3. ↑ http://www.crunchbase.com/company/getaround
  4. ↑ "Getaround raises 13.9 Series A Led by Menlo Ventures", TechCrunch, August 8, 2012.
  5. ↑ DesMarais, Christina."Getaround Named 2011 TechCrunch Disrupt Winner", Technology Inc., May 26, 2011.
  6. ↑ http://www.forbes.com/sites/tomiogeron/2011/12/13/getaround-brings-car-sharing-startup-to-oregon-with-federal-grant/

External links

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