Getaround, Inc. Announces Wind-Down of U.S. Operations

Core Points - Getaround, Inc. plans to wind down its U.S. business operations, including its car-share and HyreCar businesses, while continuing its European operations [1][2] - The decision to cease U.S. operations was made after careful consideration of various strategic options due to ongoing liquidity issues despite improvements in profitability [2] - Getaround aims to maximize the value of its assets for stakeholders through this wind-down, focusing on strategic opportunities in Europe [2][3] Company Overview - Getaround is a leading car-sharing platform in Europe, leveraging its innovative technology to enhance profitability and operational efficiency [3] - The company offers a digital experience for car-sharing, enabling contactless transactions and promoting a shift away from car ownership [4] - Getaround operates in over 1,000 cities across 8 countries, including the U.S. and Europe, and was launched in 2011 [4]