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Getaround, Inc. ( (GETR) ) just unveiled an announcement.
On February 7, 2025, Getaround, Inc. announced the wind-down of its U.S. business operations, including its car-share and HyreCar services, due to ongoing liquidity issues despite restructuring efforts. The company’s European operations will continue, and a significant reduction in U.S. staff will occur, with most employees separating by February 14, 2025. This strategic move aims to maximize asset value and focus on opportunities in Europe, where Getaround is the leading car-sharing platform, enhancing its path to profitability.
More about Getaround, Inc.
Getaround, Inc. is a global car-sharing marketplace that offers a digital experience through its proprietary cloud and in-car Getaround Connect® technology. The company facilitates convenient and contactless car-sharing services, empowering consumers to shift away from car ownership by providing instant access to cars from entrepreneurial hosts. Founded in 2011, Getaround operates in over 1,000 cities across eight countries, including the United States and Europe, promoting a sustainable society and economy.
YTD Price Performance: 20.0%
Average Trading Volume: 142,058
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.41M
Find detailed analytics on GETR stock on TipRanks’ Stock Analysis page.
