Car-Sharing Startup Getaround Agrees to $1.2 Billion SPAC Merger
- Founder and CEO Sam Zaid will lead the combined company
- Getaround to trade on New York Stock Exchange as ‘GETR’
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Getaround Inc., the car-sharing marketplace that functions as an Airbnb for vehicles, agreed to go public through a merger with InterPrivate II Acquisition Corp., a special purpose acquisition company.
The transaction gives the combined company an equity value of about $1.2 billion, if there are no redemptions, the company said in a statement Wednesday, confirming an earlier Bloomberg News report.