Peer-to-peer car-sharing startup Getaround has raised $24 million in Series B funding led by Cox Enterprises (which owns AutoTrader and Kelley Blue Book) with Menlo Ventures, Triangle Peak Partners and SOS Ventures. Getaround has grown relatively unhurriedly while focused on its home market of San Francisco, where it has honed an on-demand model where customers rent very local cars for errands and excursions. The company, which takes a 40 percent cut of rentals, is now expanding to more cities.
Getaround Takes $24 Million More to Make Car Sharing Instant
This article originally appeared on Recode.net.
