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Getaround abruptly shuts down US car-sharing operations

Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is shutting down its U.S. operations one year after

Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is shutting down its U.S. operations one year after cutting 30% of its North American workforce as part of a restructuring. The company said in a Wednesday regulatory filing as well as in an email sent to U.S. customers it is now focused on its European business where it operates in six countries, including Norway, Spain, France, Germany, Belgium, and Austria. Other Getaround investors have included Menlo Ventures, PeopleFund, Reid Hoffman and Mark Pincus’ Reinvent Capital, and VectoIQ partners Steve Girsky, Mary Chan and Julia Steyn — to name a few.

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