The car sharing app creator reportedly closed the Cox Autmotive-led round at a $200m valuation and will use the funds to expand into additional US markets.
US-based car sharing app developer Getaround closed a $24m series B round led by automotive media company Cox Automotive on Thursday.
The round, which also included Menlo Ventures, Triangle Peak Partners, and SOS Ventures, valued Getaround at about $200m, according to the Wall Street Journal.
Getaround will use the cash to support an expansion of its on-demand carsharing app from its home city San Francisco into other US markets on the west coast beginning with Oakland and Portland, before using…
