Getaround

Car sharingUSA

New to Unitard

💀 Dead / Bankrupt

Peak $1.2 BillionToday

~-100%

from peak

🦄
Became a unicorn
2022
📈
Peak valuation
$1.2 Billion ’22
💔
Became a Unitard
2023
💸
Last valuation
Wiped out

Capital raised

$760M

Total raised

$148K/day

Raised per day

Total raised averaged per day over approximately 14.0 years from founding to bankruptcy or shutdown. This is not measured cash burn. Methodology

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 · 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

2020–22

From the inside · 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 — 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 — joins the Unitard Club 💔

The board votes to dissolve and liquidate. $760M raised; effectively nothing left.

SEC filing

$1.2Bof peak value erased · 14 years

💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; 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 — one of the last, shakiest deSPAC deals of the cycle — 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)