May 24, 2018 - Technology

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.

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