SoftBank Leads $300M Funding Round for Rental Car Company Getaround

Japanese conglomerate SoftBank is betting big on the “car sharing” business.

Car rental company Getaround announced on Tuesday that it has closed a $300 million investment round led by SoftBank. According to Quartz, which earlier reported on the venture round, Getaround didn’t announce its valuation. In total, however, the company has raised nearly $400 million since its founding.

Getaround is taking aim at traditional rental car companies like Hertz and Avis. Instead of operating...

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