PORTLAND, OR— February 22, 2012 — Today, leading peer-to-peer car sharing company Getaround announced the official launch of their peer-to-peer car sharing service, and the launch of a federally- funded study of peer-to-peer car sharing in partnership with the City of Portland and the Oregon Transportation Research and Education Consortium (OTREC). The announcement came at a special press conference hosted by Getaround's founders, Portland Mayor Sam Adams and U.S. Representative Earl Blumenauer at Portland's City Hall. At the event, Getaround provided details about specific incentives available to owners and renters participating in the federally-funded study, including cash payments of up to $300.

Getaround was selected by the Federal Highway Administration (FHWA) this past December to participate in a joint initiative with the city to use $1,725,000 in federal funding to launch and study peer-to-peer car sharing in the greater Portland metropolitan area. The launch marks Getaround's first expansion into a major market outside of California and the first federally-funded study of peer-to-peer car sharing.

"As a city that has long championed alternative modes of transportation, we are excited to officially launch this first-of-its-kind car sharing partnership with Getaround," Portland Mayor Sam Adams said. "Peer-to-peer car sharing will not only help Oregon reduce car overpopulation, but Getaround's service will also help connect Portlanders, while reducing our carbon footprint."

"This launch marks the beginning of an exciting new trend of eco-friendly, collaborative and market- based solutions to everyday challenges," said U.S. Representative Earl Blumenauer. "Peer-to-peer car sharing has proven to be a creative and successful trend that will continue to grow and help shape the future of environmentally-friendly legislation."

"We are thrilled to have been selected to receive the first federal grant awarded to a peer-to-peer car sharing company," said Getaround co-founder and CEO, Sam Zaid. "We are excited to be launching into a city known for its greener approach and to be a part of a movement to help unclog roads while simultaneously helping put money back into the local economy."

Getaround enables car owners to "un-idle" their cars and offset the cost of vehicle ownership by sharing with friends, co-workers and neighbors, while people seeking cars are provided easy, affordable access to vehicles everywhere. Getaround differs from other car sharing services in that the cars are owned by friends and neighbors, not a corporation. Getaround provides an open marketplace that gives owners total freedom over their vehicle's pricing, availability and selection of renters. Additionally, the Getaround CarkitTM and iPhone app together make it easy for members to conduct entire transactions using only their smartphone. The service provides community and financial benefits to both owners and renters, backed by the peace of mind of A++ insurance carrier Berkshire Hathaway.

SIGNUP AND HELP SPREAD THE NEWS Share: @Getaround launches key #carsharing study in #Portland. Earn up to $300, learn more: bit.ly/gaPDX #getaroundPDX

Signup: Getaround is totally free for renters and car owners to join with no membership fees. Get answers to frequently asked questions and sign up at http://www.getaround.com.

About Getaround 

Getaround empowers people to safely share cars by the hour, day, or week through a trusted online marketplace. By providing the Getaround Carkit, in-car technology designed in-house, as well as complete insurance up to $1,000,000 backed by Berkshire Hathaway, Getaround helps to create a seamless and fun sharing experience. Getaround is free to join, and for as little as $3 an hour, members can conveniently rent nearby cars and save money on auto payments, insurance and maintenance. Owners share cars ranging from a Toyota to a Tesla, offsetting the high cost of car ownership, while making a positive impact on the environment. Visit http://www.getaround.com for more information.

Contact 

Meg Murray
press@getaround.com
(415) 990-6503