(GETR)

Net Loss Declines 43% Year-over-Year; Adjusted EBITDA Loss Improves 18%

Getaround (OTCQB: GETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, is pleased to announce that the quotation of its common stock and public warrants, under the symbols “GETR” and “GETRW”, respectively, has been upgraded from the OTC Pink Market to the OTCQB® Venture Market (the “OTCQB”), effective September 4, 2024.

Getaround (OTC: GETR), the world's leading connected carsharing platform, is proud to announce it has achieved ISO 27001 certification. This certification underscores Getaround's commitment to maintaining the highest standards of information security and data protection for our users and partners.

Getaround (OTC: GETR), the world's first connected carsharing marketplace, today announced financial results for the second quarter of 2024 ended June 30, 2024.

Getaround (OTC: GETR) (“Getaround'' or “the Company”), the world's first connected carsharing marketplace, today announced it will release its financial results for the second quarter ended June 30, 2024 after U.S. markets close on Monday, August 12, 2024. Company management will host a conference call and webcast at 2:00 p.m. PT / 5:00 p.m. ET to discuss the financial results and provide a corporate update.

Getaround (OTC: GETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, today announced the transition from Tom Aldermen as Chief Financial Officer to Patricia Huerta, CPA, as Interim Chief Financial Officer, effective July 19, 2024. Getaround is grateful for Mr. Alderman’s service and contributions to the company.

Getaround (NYSEGETR) (“Getaround” or “The Company”) today announced it received notice the New York Stock Exchange (“NYSE”) suspended trading of its common stock on the NYSE effective immediately and started the process to delist its common stock from the NYSE. The start of the delisting process follows the NYSE’s determination under Rule 802.01B of the NYSE Listed Company Manual that the Company did not meet the continued listing standard that requires listed companies to maintain an average global market capitalization of at least $15 million over a period of 30 consecutive trading days.

Getaround (NYSEGETR), the world's first connected carsharing marketplace, today announced it received a written commitment from Mudrick Capital Management L.P. (“Mudrick Capital”) to provide $20 million in additional capital on or prior to July 26, 2024, pursuant to the company’s existing debt facility with Mudrick Capital. Getaround also received written notice from Mudrick Capital of its intention to convert a minimum of $10 million worth of its outstanding 8.00%/9.50% Convertible Senior Secured PIK Toggle Notes due 2027 at an as-adjusted conversion price of $0.25 per share, within 45 days after the Company’s 2024 Annual Stockholder Meeting scheduled to take place on July 31, 2024. The amendment of such conversion price to $0.25 per share is subject to stockholder approval at such annual meeting and required pursuant to the terms of the previously disclosed super priority promissory note between the Company and Mudrick Capital.

Getaround (NYSEGETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, today announced that Eduardo Iniguez, Getaround Chief Executive Officer will deliver a presentation and join a fireside chat interview at the following virtual event:

Getaround (NYSEGETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, today announced three new additions to its Board of Directors. Nikul Patel, Neil Savage and Qais Sharif effective May 6, 2024. They will join existing directors Jason Mudrick, Bruno Bowden, Ravi Narula, Sam Zaid and Chief Executive Officer Eduardo Iniguez on the Board. All three bring extensive public company senior management experience to Getaround’s Board and meet the New York Stock Exchange’s independent director standard, strengthening the Company’s corporate governance.

Getaround (NYSEGETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, today announced financial results for the first quarter of 2024 ended March 31, 2024.

Getaround (NYSEGETR), the world's first connected carsharing marketplace, today announced that its existing debt facility with Mudrick Capital Management has been expanded to provide the company with up to $50 million in additional capital. On April 29, 2024 Getaround drew down the first $20 million of this capital.

Getaround (NYSEGETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, today announced financial results for the year ended December 31, 2023.

Getaround (NYSEGETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, today announced the promotion of AJ Lee, Getaround’s former General Manager of Gig, to Chief Operating Officer. In this role, Lee will report to Getaround CEO Eduardo Iniguez, to accelerate the Company's growth and path to profitability. Lee will have broad responsibilities including operations, marketing, sales and other functions to drive operational excellence across the Company.

Getaround (NYSEGETR), the world's first connected carsharing marketplace, announced that on February 26, 2024, its Board of Directors granted to its new Chief Executive Officer, Eduardo Iniguez, employment inducement awards consisting of the following: (i) an option to purchase up to 11,100,000 shares of the Company’s common stock at an exercise price of $0.25 per share, which shares will vest in four annual 25% installments; and (ii) an option to purchase up to 76,950,000 shares of the Company’s common stock at an exercise price of $0.25 per share, which represents approximately 10% of the shares of the Company’s common stock issuable upon conversion of all of Getaround’s outstanding 8.00%/9.50% Convertible Senior Secured PIK Toggle Notes due 2027 (the “PIK Notes”) at an as-adjusted conversion price of $0.25 per share. The amendment of such conversion price to $0.25 per share is required pursuant to the terms of the previously-disclosed super priority promissory note between the Company and Mudrick Capital Management L.P.

Getaround (NYSEGETR) (“Getaround'' or the “Company”), the world’s first connected carsharing marketplace, today announced that its Board of Directors has appointed former Silvus Technologies CFO and former Getaround SVP of Finance, Risk & Strategy Eduardo Iniguez as CEO, effective immediately. Iniguez also joined the Getaround Board of Directors. In connection with this change, Jason Mudrick, Founder and Chief Investment Officer of Mudrick Capital, which led Getaround’s January 2024 financing, was appointed Chairperson of the Board. Getaround’s outgoing CEO, Sam Zaid, will continue to serve as a member of the board of directors.

Getaround (NYSEGETR) (“Getaround'' or “the Company”), the world's first connected carsharing marketplace, today announced the Company will restructure its workforce and operations to reduce costs and align with the globalization of the Company’s carsharing business, as it strives to lengthen its cash runway and accelerate its path to profitability.

Getaround (NYSEGETR), the world's first connected carsharing marketplace, today 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.

Getaround (NYSEGETR), the world's first connected carsharing marketplace, today announced financial results for the period ended September 30, 2023.

Getaround, Inc. (NYSEGETR) (“Getaround” or “the Company”), the world's first connected carsharing marketplace, plans to conduct a conference call with analysts to discuss its third quarter 2023 results and business outlook on December 14, 2023 at 5:00 p.m. Eastern time.

Getaround (NYSEGETR), the world's first connected carsharing marketplace, today announced a new innovative alliance with TransUnion NYSE: TRUNYSETRU)

The ride-hailing industry has revolutionized transportation for millions of people all over the world and it has also grown at a remarkable pace. From 2022 to 2023, the global ride-hailing industry grew at CAGR of 14.8% to hit a valuation of $70.12 billion from $61.10 billion. However, the growth is expected to continue. By 2027, the sector is expected to be worth $122.48 billion with a CAGR of 15%. Here is a look at four ride-hailing stocks that investors could look into at this point.

Getaround (NYSEGETR), the world's first connected carsharing marketplace, today announced the results of a recent survey conducted in collaboration with market research firm YouGov to uncover the frustrations New Yorkers have with waiting at the rental car counter as the busy summer travel season officially kicks off. Interestingly, more than eight in 10 (81%) Millennial and Gen Z New Yorkers would rather do at least one of the following than stand in line at the rental car counter:

Getaround (NYSEGETR) (“Getaround” or “the Company”), the world's first connected carsharing marketplace, today announced Getaround TrustScore v2.0, a proprietary next-generation artificial intelligence (AI) model to improve the safety and economics of its carsharing marketplace. Preliminary results indicate a cost savings of up to 50% of claims and insurance expense — one of the Company’s largest cost centers.

Getaround (NYSEGETR) (“Getaround'' or “the Company”), the world's first connected carsharing marketplace, today announced the appointments of Eduardo Iniguez, Senior Vice President of Finance & Strategy, and AJ Lee, Vice President of Gig Marketplace.