Car-sharing service Getaround raises $45 million to help people get around (without car keys)

Author: Paul Sawers / Source: VentureBeat VB Summit 2017 has just announced its line-up of pre-eminent speakers who are using AI to grow

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Peer-to-peer (P2P) carsharing company Getaround has raised $45 million in a round of funding led by Braemar Energy Ventures, with participation from Toyota, Shanghai Automotive’s VC arm, Menlo Ventures, and Triangle Peak Partners.

Founded in 2009, Getaround offers a mobile app and marketplace for owners to rent out their cars when they’re not using them. Yes, it’s like an Airbnb for automobiles. Through the Getaround app, renters can reserve, locate, and even unlock their vehicles without the need for a physical key — the renter receives a code to unlock cars directly to their mobile phones. Indeed, Toyota and Getaround announced a partnership last October that would allow car owners to place a little smart key contraption inside their vehicle — no modifications required — and allow any permitted third party to unlock the doors using their phone.

It’s basically a far more convenient way of sharing cars, as it circumvents the need to physically exchange keys. Similar initiatives are currently…

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