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M&A Deal Summary

Getaround Acquires HyreCar

On May 11, 2023, Getaround acquired internet software and services company HyreCar for 9M USD

Acquisition Highlights
  • This is Getaround’s 3rd transaction in the Internet Software and Services sector.
  • This is Getaround’s 3rd largest (disclosed) transaction.
  • This is Getaround’s 1st transaction in the United States.
  • This is Getaround’s 1st transaction in California.

M&A Deal Summary
Date 2023-05-11
Target HyreCar
Sector Internet Software and Services
Buyer(s) Getaround
Deal Type Special Situations/Distressed
Deal Value 9M USD

Target

HyreCar

Los Angeles, California, United States
HyreCar is a national carsharing marketplace for ridesharing, food, and package delivery via its proprietary technology platform. The company provides Mobility as a Service (MaaS) through individual vehicle owners, dealers, rental agencies, and OEMs that wish to participate in new mobility trends. By providing a unique opportunity through a safe, secure, and reliable marketplace, It is transforming the industry by empowering all guests and hosts to profit from Mobility as a Service. HyreCar is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Getaround

San Francisco, California, United States
Category Company
Founded 2009
Sector Internet Software and Services
Employees290
Revenue 73M USD (2023)
DESCRIPTION

Getaround connects safe, convenient, and affordable cars with people who need them to live and work. Getaround is the world's first carsharing marketplace offering a 100% digital experience with proprietary technology and data that make sharing vehicles superior to owning them. Getaround was founded in 2009 and is based in San Francisco, California.

DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 3 of 3
Type: Special Situations/Distressed M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Nabobil.no AS

Oslo, Norway

Nabobil.no AS is a peer-to-peer carsharing platform. Nabobil marketplace has 180,000 registered users and 7,000 cars available to rent. Nabobil.no AS was founded in 2015 and is based in Oslo, Norway.

Buy $12M
Mergr

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