US-based peer-to-peer car sharing service Getaround is in the process of raising approximately $100m from investors including telecommunications and internet conglomerate SoftBank, Axios has reported.
Getaround’s platform lets users rent out their vehicles to each other in return for a 40% commission fee. It handles the process of locating, booking and unlocking cars through a mobile app, and offers an insurance policy of up to $1m during rental periods.
The company checks drivers’ history through the US Department of Motor…
