Sam Zaid, Getaround’s CEO, in an interview declined to comment on what he called speculations, but said the funding would take Getaround to the healthiest position it has ever been in.
“This round of funding really helps us achieve our goal of profitability,” Zaid said, adding that the money would be used to grow existing markets. He declined to provide a profitability timeline, but said more recently people’s desire to escape their homes for trips caused revenue to more than double from pre-pandemic times.
Getaround was also looking to accelerate the use of electric vehicles on its platform, particularly in Europe, where cities have been more aggressive at phasing out combustion engines, Zaid said.
Asked whether Getaround was considering a public listing through a special purpose acquisition company, Zaid said the company was always interested in new investment opportunities, but did not elaborate.