Getaround Buys HyreCar to Expand Carsharing Business


According to a press release released on May 15, HyreCar’s carsharing marketplace for ridesharing, food and package delivery services, and other businesses will be integrated into Getaround’s carsharing platform, allowing for a seamless experience.

“This transaction unites two pioneering companies in the carsharing space,” Getaround CEO and founder Sam Zaid said in a statement. “More than just sound economics for Getaround on our path to profitability, acquiring substantially all of the Hyrecar assets will strengthen the business.”

According to the press release, HyreCar’s carsharing service for gig workers will continue as usual, and drivers will be able to make use of Getaround’s expanded reach, digital marketplace, and linked car technology.

According to the announcement, the Getaround Connect contactless sharing platform, for example, enables immediate, easy booking, GPS monitoring, and anti-theft technology, while the Getaround marketplace gives drivers increased earning possibilities.

“Following significant interest from potential bidders for HyreCar’s assets, I’m excited that the next chapter of HyreCar will be as part of the Getaround family,” said HyreCar CEO and CFO Eduardo Iniguez in a statement. 

“Through the Getaround platform, thousands of HyreCar drivers will now have access to a larger vehicle selection to participate in the gig economy by unlocking meal and delivery opportunities.”