Getaround Announces Expanded Rollout of Carshare Partnership with the New York City Department of Transportation
March 29 2023 - 4:47PM
Business Wire
Adds vehicles across the city as part of NYC
DOT carshare program
Getaround (NYSE: GETR), the world's first connected carsharing
marketplace, today announced the installation of 83 additional
carshare locations as part of its new, expanded participation in
the New York City Department of Transportation’s (“DOT”) carsharing
program.
Through the DOT’s carshare program, hundreds of dedicated
carshare parking spaces will be designated at on-street locations
across New York City to help promote safe, efficient, and
sustainable transportation for community residents and visitors.
The latest installation of Getaround spaces includes 28 new
locations in Manhattan, 21 new locations in the Bronx, 18 new
locations in Brooklyn, and 16 new locations in Queens. Each
location includes two vehicle parking spaces.
With these latest new location additions, there will be
approximately 111 total Getaround carsharing locations in New York
City.
The NYC DOT carshare program is expected to provide many
benefits to all New Yorkers, including:
- Improving NYC air quality,
- Mitigating NYC traffic and congestion,
- Cutting greenhouse gas emissions,
- Reducing total vehicle miles traveled.
The program is designed to provide more affordable and improved
mobility options for New Yorkers. The DOT will leverage the program
to enhance carsharing services in low to moderate income
neighborhoods. More than 50% of Getaround’s locations are located
in designated Priority Investment Areas, serving historically
underserved neighborhoods and populations. Expanding the carsharing
footprint in NYC will enhance vehicle supply, ease of
accessibility, and cost.
“With many cars parked an average of 22 hours per day, shared
cars from Getaround will take personally-owned and idle cars off
the city streets. When we share cars, we reduce the number on the
road, which means fewer accidents, reduced traffic, and less space
required for parking. Carsharing modernizes mobility by allowing
people to connect multiple forms of efficient transportation for
any type of use case, supporting the NYC DOT’s Vision Zero
Initiative,” said Sy Fahimi, Getaround Chief Operating Officer.
"I’m saving money everywhere I can, and so buying a car isn’t an
option for me right now, but thanks to Getaround, I can take my
husband and kids on family trips comfortably, conveniently, and
within our budget!” said New York resident, Matilde Roman.
“Convenient access to carshare is a proven way to reduce
greenhouse gas emissions and remove more vehicles from our
streets,” said DOT Commissioner Ydanis Rodriguez. “Doubling the
size of this program will make curbside carshare accessible in more
neighborhoods, save people money, and build upon the success of our
successful pilot program.”
Getaround, and its patented Connect Cloud technology, will be
used to provide contactless 24/7 access to shared vehicles from
designated parking spaces across the city without the need to wait
in line or pick up keys. Residents may reserve the shared vehicles
for as little as one hour; perfect for all types of trips including
going to the grocery store, to running errands, to visiting friends
and family, and more. Getaround is one of the only peer-to-peer
carsharing entities to allow guests to book a car on an hourly
basis and does not charge a membership fee.
Privately owned cars are typically parked 95% of the time, on
the move just 6 hours per week. The remaining 162 hours, most cars
remain idle. Thanks to carsharing, people are able to share their
car when they are not using it, or can sell their vehicle or
postpone a purchase, shifting away from the concept of car
ownership altogether. This ultimately results in fewer cars on the
road, reduced traffic and pollution, and less space needed for
parking. Beyond that, research has shown that carsharing services,
like Getaround, can significantly reduce the emissions of GHG and
harmful substances into the environment.
About Getaround
Offering a 100% digital experience, Getaround makes sharing cars
and trucks simple through its proprietary cloud and in-car Connect®
technology. The company empowers consumers to shift away from car
ownership through instant and convenient access to desirable,
affordable, and safe cars from entrepreneurial hosts. Getaround’s
on-demand technology enables a contactless experience — no waiting
in line at a car rental facility, manually completing paperwork, or
meeting anyone to collect or drop off car keys. Getaround’s mission
is to utilize its peer-to-peer marketplace to help solve some of
the most pressing challenges facing the world today, including
environmental sustainability and access to economic opportunity.
Launched in 2011, Getaround is available today in more than 1,000
cities across the United States and Europe. For more information,
please visit https://www.getaround.com/.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230329005886/en/
Shyna Deepak press@getaround.com
Getaround (NYSE:GETR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Getaround (NYSE:GETR)
Historical Stock Chart
From Jul 2023 to Jul 2024