May 24, 2018

Scoop: SoftBank to invest in car rental startup Getaround

Kia Kokalitcheva, Dan Primack

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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Axios

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 1,309,439 — Total deaths: 73,703 — Total recoveries: 273,546 — Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 352,546 — Total deaths: 10,389 — Total recoveries: 18,953 — Map.
  3. 2020 update: Wisconsin governor issues executive order to delay in-person primary voting until June.
  4. Public health latest: Asymptomatic children could play important role in coronavirus spread, new data from the CDC shows.
  5. States' latest: West coast states send ventilators to New York and other states experiencing a more immediate need — Data suggests coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  6. Jobs latest: Unemployment could already be at 13% "and moving higher," per former Federal Reserve Chair Janet Yellen.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Axios

Wisconsin governor issues order to delay in-person primary voting until June

Tony Evers. Photo: Nuccio DiNuzzo/Getty Images

Wisconsin Gov. Tony Evers (D) issued an executive order Monday delaying in-person voting for the state's primary election — currently scheduled for Tuesday — until June 9.

Why it matters: Wisconsin was slated to be the only state to vote on Tuesday amid the coronavirus pandemic, despite having a stay-at-home order in place.

Go deeperArrow1 hour ago - Health
Rebecca Falconer, Orion Rummler, Marisa Fernandez

U.S. coronavirus updates: Death toll reaches 10,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 10,000 in the U.S. on Monday, per Johns Hopkins data. More than 1,000 people in the U.S. have died of coronavirus-related conditions each day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday the coming week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

Go deeperArrowUpdated 1 hour ago - Health