Getaround abruptly shuts down US car-sharing operations
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Getaround, a car-sharing company, is shutting down its U.S. operations, including its HyreCar business, which it acquired in 2023. This follows a previous workforce reduction.
February 13, 2025 | 3:30 am
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Getaround is ceasing its U.S. operations, including its recently acquired HyreCar business. This follows a significant workforce reduction last year.
The shutdown of U.S. operations indicates significant financial or operational challenges for Getaround, likely leading to a negative impact on its stock price. The closure of the HyreCar business, acquired for $9.45 million, further underscores the severity of the situation.
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