The car-sharing company has outlined a plan to list on the New York Stock Exchange. To speed up the maneuver, Getaround will proceed with a merger with InterPrivate II Acquisition.
Jessica Scorpio, Sam Zaid and Elliot Kroo, the co-founders of Getaround.
Getaround wants to join the club of listed rental companies. The American specialist presented, Wednesday, May 11, 2022, a plan which will lead to its introduction on the New York market place.
In practice, the short-term car-sharing rental company intends to finalize a merger with InterPrivate II Acquisition, an acquisition company itself listed on the stock exchange. A well-known vehicle in the world of finance that will allow Getaround to save time on the procedure.
Upon completion of the transaction, Getaround will enter the New York Stock Exchange (NYSE) under the stock code “GETR”. The business resulting from the merger will be entrusted to Sam Zaidco-founder and current CEO of the car-sharing giant.
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As a reminder, the Getaround car-sharing service was launched in 2009 with the aim of offering vehicle owners the possibility of renting their vehicle on the platform. Since then, it has expanded to 950 cities in the United States and Europe, including France.
In 2019, the group acquired Drivy in France and of Nabobil in Norway to establish its dominant position in these two territories. To date, Getaround has some 300 people in its ranks.
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