Getaround, the world's first connected carsharing marketplace, announced the company is acquiring substantially all of the assets of HyreCar, a premier gig carsharing marketplace, for an aggregate purchase price of $9.45 million. The acquisition is expected to add up to $75 million of run-rate annualized Gross Booking Value and to contribute positive Adjusted EBITDA, accelerating Getaround’s path to profitability. Adjusted EBITDA is a non-GAAP financial measure, as further described under “About Non-GAAP Financial Measures'' below.
Subscribe to keep reading
Try the 30-day free content subscription and get full access