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Getaround raises a $140 million Series E amid rebound in short-distance travel

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Amid a rebound in short-distance travel, Getaround, a Silicon Valley car rental startup, has raised some new money to meet demand. The startup, which allows customers to instantly rent cars near them in over 100 cities, announced today that it has raised $140 million in a Series E deal, bringing its total known venture funding to $600 million.

The Series E deal was led by PeopleFund with new investors including Reid Hoffman’s and Mark Pincus’ Reinvent Capital, AmRest founder Henry McGovern, Pennant Investors, VectoIQ partners Steve Girsky, Mary Chan, and Julia Steyn also deploying capital. Participating prior investors include SoftBank Vision Fund, Menlo Ventures, and more.

The money comes after the car-sharing service faced its own set of hurdles before and during the coronavirus pandemic. In January, the startup reportedly laid off 150 employees, reducing field operations and the size of numerous global teams. In March, bookings dropped 75%, according to CEO Sam Zaid. Getaround laid off 100 employees. Zaid pointed to struggles within SoftBank, which did a $300 million Series D round in the company in mid-2018, as part of the reason.

Now, Zaid says that “Softbank has been an extremely supportive partner to Getaround at every critical stage of our journey this year including in January and through COVID,” in a statement to TechCrunch. The investor, noted above, participated in the latest financing.

The pandemic seems to have gone from a pain point to an opportunity for growth at Getaround. After the March layoffs, Getaround saw demand for its service come back in May: people didn’t want to fly because of the risk of catching COVID-19, but they didn’t mind driving. Getaround focused on contactless access to passenger cars and improving the platform. As short-distance travel to local joints became a more attainable option for those seeking a way to travel, Getaround found green shoots. By July 1, Getaround rehired all of its furloughed employees, according to Zaid.

Zaid estimates that Getaround has seen worldwide revenue more than double from its pre-COVID baseline and says gross margins have continued to improve. The financing, which was raised in the summer, will be used to help the business invest in car technology, bring on new partners, and reach global profitability.

Getaround, per Zaid, currently has over 6 million users globally.

Getaround isn’t alone in benefitting from consumers’ new travel tastebuds. Airbnb, which cut 1,900 jobs or 25% of its entire global workforce, is finding hope in focusing on local rentals. In June, according to the WSJ, Airbnb entirely redesigned its website and algorithm to show travelers where they could rent in their neighborhoods. The travel company is rumored to be going public in November.

Along with the financing, Getaround announced four new executives: Head of North American business Dan Kim, who formerly worked as the head of Airbnb plus and head of global sales and delivery at Tesla; CFO Laura Onopchenko, who is the former CFO of NerdWallet; vice president of people and culture Tia Gordon, formerly the director of people operations at Google; and vice president of customer experience Ruth Yankoupe, former vice president of Customer Experience at OYO.

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Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

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That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

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Grab this offer while it’s still around!


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Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

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You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

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Apple will replace AirPods Pro for free with faulty noise cancellation, static or crackling

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Today, exactly one year after Apple first launched the AirPods Pro — and thus the same day the very first AirPods Pro owners will see their one-year warranties expire — Apple has launched a repair program that offers free repairs or replacements for another whole year if your AirPods Pro experience issues with noise cancellation or static.

Specifically, Apple will fix:

Crackling or static sounds that increase in loud environments, with exercise or while talking on the phone

Active Noise Cancellation not working as expected, such as a loss of bass sound, or an increase in background sounds, such as street or airplane noise

Apple says only a “small percentage of AirPods Pro” are affected by the issues, but it apparently wasn’t just an early batch — Apple says affected units were manufactured “before October 2020,” meaning every AirPods Pro ever made might be eligible. That’s quite a recall if so. Apple says it will repair faulty AirPods Pro for two years after you first buy them.

We’ve heard complaints about degraded noise cancellation before, and at least one Verge editor has replaced their AirPods Pro under warranty. It’s nice to hear that Apple isn’t just cutting buyers off as soon as that warranty expires.

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