PEER TO PEER CARSHARING MARKET ANALYSIS

Market News

Recent Developments

New product launches

• On March 29, 2023, Getaround, the groundbreaking connected carsharing platform, disclosed the integration of 83 new carshare locations as a key component of its expanded engagement in the carsharing program led by the New York City Department of Transportation ("DOT").
• Getaround launched a new feature called "Getaround Connect" in March 2023. This feature allows users to unlock and start Getaround cars without a key. Instead, they use their smartphone to unlock the car and start the engine. This makes it more convenient for users to rent cars, especially if they don't have a physical key.
• On October 3, 2023, Zipcar, the preeminent global campus car-sharing provider and the largest in its category, unveiled the commencement of its notable back-to-school grant campaign, Students with Drive. This initiative designed to champion and empowers the emerging cohort of purpose-driven leaders within the student community.

Acquisition and partnerships

• On May 16, 2023, Getaround, the pioneering connected carsharing marketplace, revealed the successful completion of its acquisition of a significant portion of HyreCar's assets, a leading platform in the gig carsharing industry.
• On November 1, 2022, Getaround, the global leader in digital peer-to-peer carsharing, revealed the initiation of the Get2ThePolls initiative. This program aims to facilitate voter access to transportation, thus ensuring individuals to reach polling stations or submit their ballots for the 2022 general election.