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Getaround

Car sharingUSA
New to Unitard
πŸ’€ Dead / Bankrupt
PeakΒ $1.2 BillionToday
~-100%
from peak
  1. πŸ¦„
    Became a unicorn
    2022
  2. πŸ“ˆ
    Peak valuation
    $1.2 Billion ’22
  3. πŸ’”
    Became a Unitard
    2023
  4. πŸ’Έ
    Last valuation
    Wiped out
πŸ”₯ Raised & burned
$760M
Total raised
$148K/day
Burned Β· 14.0y alive
Funding: Crunchbase/TechCrunch
Current status
Delisted to OTC in 2024; wound down US operations in 2025; board moved to dissolve and liquidate in 2026

The rise & fall

9 moments Β· 2009–2026

The key moments, with employee sentiment along the way.

2009
Founded in San Francisco
Sam Zaid, Jessica Scorpio and Elliot Kroo turn owners' idle cars into a keyless peer-to-peer rental fleet.
TechCrunch
2018
SoftBank leads a $300M round
The Vision Fund makes its bet on keyless car sharing; Toyota backs it too.
TechCrunch
Dec 2022
The peak: a $1.2B SPAC debut$1.2B
A last-gasp December deSPAC with InterPrivate II makes Getaround a unicorn just as the market that minted it shuts down. The stock collapses almost immediately.
TechCrunch
From the inside Β· Glassdoor reviews, 2020–22
Employees saw the fragility early: Glassdoor reviews counted three mass layoff rounds before the company ever rang the bell, described strategy lurching with each executive reshuffle, and flagged unease when the founder cycled back in as CEO in 2022.
2023
Slips out of the club
The post-SPAC crash leaves the market cap in the tens of millions within months of the debut.
SEC filing
2024
Delisted from the NYSE
The stock moves to the OTC market with a market cap around $24M β€” roughly 2% of the SPAC valuation.
SEC filing
Feb 2025
US operations shut down
The app goes dark in its home market.
TechCrunch
2026
Dissolution β€” joins the Unitard Club πŸ’”
The board votes to dissolve and liquidate. $760M raised; effectively nothing left.
SEC filing
$1.2Bof peak value erased Β· 14 years

πŸ’¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—; dated facts carry their source.

How it happened

Getaround was a peer-to-peer car-sharing platform that let owners rent out their cars through a keyless app, backed by SoftBank's Vision Fund, Menlo Ventures and Toyota. It went public via SPAC in December 2022 at about $1.2B β€” one of the last, shakiest deSPAC deals of the cycle β€” and the stock collapsed almost immediately. Delisted to the OTC market in 2024, it shut US operations in February 2025 and moved to dissolve and liquidate in 2026.

Source: TechCrunch / Wikipedia / SEC (peer-to-peer car-sharing platform backed by SoftBank, Menlo Ventures and Toyota; Dec 2022 SPAC merger at a ~$1.2B valuation; market cap fell to ~$24M, delisted from NYSE to OTC in 2024; shut US operations Feb 2025; board announced dissolution and liquidation in 2026)

Founder

πŸ¦„