Getaround Strengthens Finances and Leadership Team

Getaround, Inc. (GETR) has provided an announcement.

Getaround, Inc. has modified its financing agreement with Mudrick Capital Management, increasing the aggregate principal amount to over $83 million, which includes additional capital of $20 million for the company. The interest rate on this senior secured note is 15% per annum, with a potential increase upon default, and is set to mature on August 7, 2026. In corporate moves, Patricia Huerta has been appointed as Getaround’s Interim CFO, bringing a wealth of financial expertise from previous senior roles. This strategic financial restructuring and executive appointment aim to strengthen Getaround’s financial position and leadership team.

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