Getaround Shuts Down U.S. Operations, Lays Off Most Domestic Staff

The car-sharing platform will focus on its European markets following ongoing financial struggles and liquidity challenges.

Getaround announced the closure of its U.S. operations, citing a lack of liquidity despite restructuring efforts and profitability improvements.
The company is laying off nearly all U.S.-based employees, with most separations effective February 14, 2025, and a few remaining during the wind-down process.
Getaround will continue operations in six European countries, where it claims to be the leading car-sharing platform and aims to accelerate profitability.
The company went public in 2022 via a SPAC merger valued at $1.2 billion but has since faced significant financial challenges, including a stock price drop to under two cents per share.
HyreCar, a subsidiary acquired in 2023, will also cease U.S. operations, and customers were instructed to return rented vehicles immediately due to the termination of liability insurance coverage.