GO
Loading...

Getaround

Wednesday, 15 May 2013 | 5:33 PM ET
CNBC's Transportation 'Disruptor' Companies
CNBC's Julia Boorstin reveals the disruptor companies in the transportation industry, including Inrix and Uber.

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

Disrupting
Passenger travel market.

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

Featured

Contact CNBC Disruptors

  • Email: cnbcdisruptor@nbcuni.com

Videos

Industries

  • In a battle between wildcatters in the shale boom and renewable energy dreamers, five companies are uniquely positioned to influence the future of the energy market and climate policy.

  • Boku, Kymeta, LiveU, Twilio, and WhatsApp: changing how we connect and upsetting traditional telecom business models.

  • Travel market disruptors are hooking us, and booking us, with lodging options once out of reach to anyone but the elite.