Can small-scale rental car entrepreneurs take on giants like Hertz and Avis Budget? That’s what a group of these do-it-yourselfers aim to do, according to a report Saturday (July 22) by the Wall Street Journal (WSJ). According to the report, these businesses are putting together vehicle fleets...
After we shell out $30,000 or $40,000 for a car, it becomes all too easy to forget that our vehicles are often sitting idle for the majority of the day. “We own too many cars. We park them 22 to 23 hours a day, so...
Two carsharing companies are coming together as Getaround acquires HyreCar. With this transaction, HyreCar’s carsharing marketplace for ridesharing and food and package delivery services will be added to Getaround’s carsharing platform that enables a contactless experience, the companies said in a Monday (May 15) press...
Today in the connected economy, Google unveils a new digital wallet, as well as new security features for online purchases with the help of Visa. Also, Airbnb updates its website and search functions, while CarGurus rolls out a digital platform that connects car buyers and...
June 08, 2023
After we shell out $30,000 or $40,000 for a car, it becomes all too easy to forget that our vehicles are often sitting idle for the majority of the day. “We own too many cars. We park them 22 to 23 hours a day, so there’s a vast amount of underutilization,” Sam Zaid, CEO and […]
November 06, 2020
In a world that’s home to one billion cars that sit unused the majority of the time, the concept of sharing a vehicle only when you need it – versus...
February 08, 2024
Peer-to-peer carsharing marketplace Getaround is laying off about 30% of its North American staff as part of a restructuring plan. The company will restructure its workforce and operations to reduce costs, align with the globalization of its business, lengthen its cash runway and accelerate its path to profitability, Getaround said in a Wednesday (Feb. 7) press release. […]
July 23, 2023
Can small-scale rental car entrepreneurs take on giants like Hertz and Avis Budget? That’s what a group of these do-it-yourselfers aim to do, according to a report Saturday (July 22) by the...
May 15, 2023
Two carsharing companies are coming together as Getaround acquires HyreCar. With this transaction, HyreCar’s carsharing marketplace for ridesharing and food and package delivery services will be added to Getaround’s carsharing...
May 11, 2022
Digital car-sharing marketplace Getaround is going public through a special purpose acquisition company (SPAC) deal with InterPrivate II Acquisition Corp., with a combined value of $1.2 billion, according to a...
