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Getaround

Car sharingUSA
💀 Dead / Bankrupt
Peak $1.2 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    2022
  2. 📈
    Peak valuation
    $1.2 Billion ’22
  3. 💔
    Became a Unitard
    2023
  4. 💸
    Last valuation
    Wiped out
🔥 Raised & burned
$760M
Total raised
$148K/day
Burned · 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

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 — one of the last, shakiest deSPAC deals of the cycle — and the stock collapsed almost immediately. Employees saw the fragility early: Glassdoor reviews counted three mass layoff rounds before the listing even happened, and described strategy lurching with each executive reshuffle, and unease when the founder cycled back in as CEO in 2022. Delisted to the OTC market in 2024, it shut US operations in February 2025 and moved to dissolve and liquidate in 2026.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.

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)

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