The Business Model of Getaround
Getaround is an online-based peer-to-peer car sharing marketplace connecting car owners and renters to share vehicles. Renters can choose from a wide range of cars listed in their neighbourhood to be booked on a hourly or daily basis and paid only per use. The company does not charge any monthly or annual fees which creates a high flexibility for the user. The service also includes full insurance and 24/7 roadside assistance. Car owners list their car for free and decide when to rent, who to rent, and for which price.