Getaround secures $20M in additional financing

The company stated: “Getaround announced a new debt facility with Mudrick Capital Management for up to $20 million in additional capital to provide funding for its 2024 operating plan, with Getaround having drawn the first $5 million. The financing follows strong Q3 2023 financial results that Getaround announced in their December earnings call: strong revenue growth and improvement in trip contribution margin. Additionally, Getaround just launched a new unified global app and website that enhances the booking experience for drivers and owners between the U.S. and Europe.”