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Industries
Automotive & Transportation
Consumer Software
Company Size
51-200
Company Stage
IPO
Total Funding
$1.5M
Headquarters
San Francisco, California
Founded
2014
HyreCar operates a carsharing marketplace tailored for the ridesharing industry, connecting vehicle owners with idle cars to rideshare drivers in need of vehicles for services like Uber and Lyft. The platform allows car owners to earn passive income from their unused vehicles while providing drivers with flexible rental options without the burden of long-term commitments or high upfront costs. HyreCar generates revenue by charging fees to both car owners and drivers for facilitating these transactions. Additionally, the company offers a commercial solution for fleet owners, enabling businesses to list multiple vehicles on the platform. To enhance user experience, HyreCar provides insurance coverage during rentals, ensuring security for both parties. The goal of HyreCar is to create a seamless and secure carsharing experience that promotes entrepreneurship and flexibility within the ridesharing market.
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Total Funding
$1.5M
Below
Industry Average
Funded Over
5 Rounds
Competitive salary & company stock grants
Medical, Dental, & Vision benefits
Quarterly Mental health days
401K
Unlimited PTO & paid company holidays
Professional training & education reimbursement
Carsharing marketplace Getaround and its HyreCar business are winding down their U.S. operations.Getaround will continue to provide carsharing services in its European markets, the company said in a Tuesday (Feb. 11) press release.“Despite significant improvements in overall profitability and extensive restructuring efforts, the company has faced an ongoing lack of liquidity which has made U.S. operations no longer viable,” AJ Lee, interim CEO and chief operating officer at Getaround, said in the release.The company aims to streamline its operations and focus on its European business, which it said is the leading carsharing platform in the region.Lee said in the release that the European business “continues to unlock efficiencies and scale as an innovative and category-defining player in car-sharing.”Getaround launched in 2011 and, before the beginning of the wind-down, was available in more than 1,000 cities in eight countries, including the U.S. and Europe, per the release.A message on the home page of HyreCar, which allowed customers to list their cars to be rented by rideshare and delivery service drivers, said: “We regret to inform our customers that rentals and extensions are unavailable at this time, due to changes in HyreCar’s insurance program. Please return your vehicle immediately.”Most of the employees of Getaround’s U.S
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Industries
Automotive & Transportation
Consumer Software
Company Size
51-200
Company Stage
IPO
Total Funding
$1.5M
Headquarters
San Francisco, California
Founded
2014
Find jobs on Simplify and start your career today