Getaround, backed by SoftBank, acquires a Norwegian car rental startup for $12 million to enhance its presence in the European car-sharing market.
Target Information
Getaround, a leading player in the global car-sharing market, has recently acquired a Norwegian car rental startup. This acquisition is valued at $12 million and is aimed at strengthening Getaround's presence in Europe, where it competes in a rapidly evolving mobility landscape. The Norwegian startup adds a local touch to Getaround's existing platform, which is designed to provide users with flexible and affordable car rental options.
The acquisition marks a significant step for Getaround as it seeks to enhance its service offerings and expand its user base in the European market. By incorporating the Norwegian startup's technology and operational capabilities, Getaround aims to streamline its services and improve customer satisfaction.
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Industry Overview in Norway
The Norwegian car rental industry has experienced notable growth in recent years, driven by increasing demand for sustainable transportation options. As urbanization expands, more consumers are
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Getaround
invested in
Norwegian car rental startup
in 2023
in a Other deal
Disclosed details
Transaction Size: $12M