Getaround Announces Carsharing Partnership with Toyota
October 31, 2016
For Immediate Release
Technology and financial services integration backed by strategic investment
San Francisco, CA, October 31, 2016 — Getaround and Toyota Motor Corporation are announcing a new partnership to expand the reach of peer-to-peer carsharing, including strategic investment and broader platform integration.
Getaround and Toyota will integrate their respective technologies to create a more seamless carsharing experience, and to enable future mobility services. The partnership will leverage Getaround's pioneering carsharing platform and purpose-built connected car technology, in combination with Toyota's new Mobility Service Platform and bluetooth-enabled Smart Key Box. Beginning with a pilot program in San Francisco, Getaround renters will be able to seamlessly and securely rent, locate and drive new Toyota vehicles, starting with select Lexus models, without needing to use a physical car key.
Toyota Financial Services will also develop a new financial product recognizing the revenue from sharing your Toyota or Lexus on the Getaround platform as a payment method. This product will allow Toyota customers to make their monthly lease payments directly through their monthly Getaround earnings. This offering will be available to new Toyota Financial Services customers in starting in San Francisco by January 2017.
“Our mission is to empower people to carshare everywhere,” said Sam Zaid, Getaround's Founder and CEO. “We're excited to work with Toyota, the world's largest automaker, on this integration and broader partnership, and see it as validation that the future of mobility is shared, connected and sustainable.”
Toyota vehicles are already among the most popular cars on Getaround due, in part, to the automaker's focus on high-quality, fuel efficient vehicles. By sharing hybrid and fuel efficient cars like the Prius or Corolla, individuals help to maximize the other well-established environmental benefits of carsharing - studies have shown that each shared can take up to 10 cars off the road, helping to curb CO2 emission and traffic congestion.
Getaround connects safe, convenient and affordable cars with people who need them to live and work. We are the world's first carsharing marketplace offering a 100% digital experience with proprietary technology and data that make sharing vehicles superior to owning them. Our community includes guests who rely on our cars for on-demand mobility 24/7, and hosts who share cars on our platform including those who operate their own car sharing businesses. Founded in 2009, today Getaround is active in over 950 cities worldwide.
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