GO
Loading...

Enter multiple symbols separated by commas

Getaround

What
Aiming to solve the problem of an inefficient, costly consumer car market through a car sharing system.

Disrupting
Passenger travel market.

Getaround
Source: Getaround

Headquarters: San Francisco
CEO: Sam Zaid
Year Founded: 2009
Number of Employees: 30
Funding: $14 million (latest and largest round)
Key Investors: Menlo Ventures, Marissa Mayer, Ashton Kutcher and Innovation Endeavors (the venture arm of Eric Schmidt)

Vital Stats

  • In the next 10 years the 1 billion worldwide car market is set to double
  • Each shared car takes 13 cars off the road
  • An average car sits idle 22 hours per day, or 22 billion car hours wasted daily
  • 250 million cars in the U.S.
  • You can rent cars from a Prius to a Tesla using Getaround, and rent through an iPhone
  • Individual car owners set rental prices and availability
  • Can earn $800 a month renting your car (versus $8,000 a year in average car cost)
  • Revenue target for 2013-2015 is $100 million
  • Expects to be profitable before 2015

On Disruption

"Creative destruction." -Sam Zaid, CEO

Technology

Latest Special Reports

  • CNBC's ninth annual study measures all 50 states on more than 60 different metrics.

  • Chicago, Illinois

    Dive into the big mutual fund battles: ETFs stealing assets, sky high fees, persistent struggles to beat the index.

  • Advisor-centric content with guest columns covering practice management, investment strategies and marketing/social media.