SoftBank Invests in Another Car-Sharing Startup: Getaround
The deal is said to value the company at more than $800 million.
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SoftBank Group Corp. is leading a $300 million funding round into Getaround, a San Francisco-based car-sharing service.
The investment signals the Japanese internet giant’s growing interest in next-generation car use. SoftBank has already invested in ride-sharing companies including India’s Ola, Singapore’s Grab and China’s Didi Chuxing, as well as Uber Technologies Inc. Earlier this year, SoftBank also announced a $2.25 billion investment in General Motor Co.’s self-driving unit, Cruise.