Merger IPVA

Car-Sharing Startup Getaround nears merger with InterPrivate II Acquisition Corp.

, Bloomberg

Getaround, a car-sharing marketplace that functions as an Airbnb for vehicles, has agreed to go public through a merger with InterPrivate II Acquisition Corp., a special purpose acquisition company, according to people with knowledge of the matter.

A transaction that gives the combined company an equity value of about $1.2 billion, if there are no redemptions, may be unveiled as soon as Wednesday

Getaround founder and Chief Executive Officer Sam Zaid will lead the company, which is set to trade on the New York Stock Exchange with the ‘GETR’ ticker, the people said. Getaround investors including SoftBank Vision Fund, Menlo Ventures, Reinvent Capital, and actor Ashton Kutcher are poised to remain owners of the combined entity. 

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