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Scoop: SoftBank to invest in car rental startup Getaround

Getaround's founders. Photo: Getaround

SoftBank is investing in Getaround, a peer-to-peer car rental service that is raising around $100 million in new funding, Axios has learned from multiple sources.

All in the family: SoftBank's backing of Getaround shouldn't be a total surprise—the latter has a partnership with Uber, which is one of SoftBank's largest investments.

Not over yet: Getaround is not done fundraising, we're told, so the final amount and complete investor list couldn't be learned.

  • Last year the San Francisco-based startup raised $45 million from firms like Braemar Energy Ventures, Menlo Ventures, Toyota and Shanghai Automotive.

Getaround declined to comment on the new fundraising effort.

Go deeper

Axios
Updated 45 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Communities of color are falling behind in America's vaccine effort.
  2. Politics: Hundreds of Biden staffers receive COVID vaccine — Axios-Ipsos poll: Trust in federal COVID-19 response surges.
  3. Business: Bankruptcy filings hit decade-high last year.
  4. World: U.K. surpasses 100,000 COVID-19 deaths — 44% of Israelis have already received at least one vaccine dose.
  5. Sports: Pandemic has cost the NCAA $600 million — CDC looks at lessons learned from NFL's testing and contact tracing.
Go deeper (1 min. read)Arrow
Dave Lawler, author of World
59 mins ago - World

Biden holds first phone call with Putin, raises Navalny arrest

Putin takes a call in 2017. Photo: Handout/Anadolu Agency/Getty

President Biden on Tuesday held his first call since taking office with Vladimir Putin, pressing the Russian president on the arrest of opposition leader Alexey Navalny and the Russia-linked hack on U.S. government agencies, AP reports.

The state of play: Biden also planned to raise arms control, bounties allegedly placed on U.S. troops in Afghanistan and the war in Ukraine, according to White House press secretary Jen Psaki, who said the call took place while she was delivering a press briefing. Psaki added that a full readout will be provided later Tuesday.

Go deeper (1 min. read)Arrow
Russell Contreras
2 hours ago - Politics & Policy

Biden signs racial equity executive orders

Joe Biden prays at Grace Lutheran Church in Kenosha, Wisconsin, on September 3, 2020, in the aftermath of the police shooting of Jacob Blake. PHOTO: Jim Watson/AFP via Getty Images

President Joe Biden on Tuesday signed executive orders on housing and ending the Justice Department's use of private prisons as part of what the White House is calling his “racial equity agenda.”

The big picture: Biden needs the support of Congress to push through police reform or new voting rights legislation. The executive orders serve as his down payment to immediately address systemic racism while he focuses on the pandemic.

Go deeper (1 min. read)Arrow

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