Reuters reports that Toyota made an unspecified investment in the San Francisco-based startup through its Mirai Creation Investment Limited Partnership, which focuses on increasing the carmakers’ presence in artificial intelligence and robotics.
The investment, rumored to be around $10 million, marks the carmaker’s second when it comes to ride or vehicle sharing. The company already has a partnership with Uber that involves leasing vehicles to drivers.
Getaround launched in 2013 and has been offering on-demand car-sharing services in San Francisco, Chicago, Washington, D.C., and other cities ever since.
Friday’s investment comes after BMW launched its own service called ReachNow in Seattle in June. Before that, in January, General Motors introduced its own so-called personal mobility brand, Maven, in the U.S. and Germany.
by Ashlee Kieler via Consumerist