Travelers in Top U.S. Cities Searching on KAYAK Now Able to Book Cars on the Getaround Platform;
Easily Unlocking Cars and Trucks with Their Phones
SAN FRANCISCO, Oct. 18, 2022 (GLOBE NEWSWIRE) — Getaround, the world’s main digital peer-to-peer carsharing market, and KAYAK, the world’s main journey search engine and the primary and solely journey metasearch to supply peer-to-peer automobile sharing choices within the U.S., introduced at this time a brand new strategic partnership that integrates Getaround’s market-leading on-demand, contactless carsharing choices with KAYAK’s platforms and companies.
The integration permits vacationers looking for vehicles or vans on KAYAK to benefit from the comfort carsharing supplies by reserving vehicles for as little as an hour via Getaround. The announcement comes as years of pent-up journey demand has created sturdy demand for automobile and truck leases in cities all through the U.S. Now, hundreds of thousands of vacationers can discover reasonably priced and extra versatile methods to optimize their journeys this vacation season and past, by avoiding the automobile rental counter and even avoiding in-person key handoffs because of Getaround’s contactless and hassle-free person expertise.
In truth, Getaround is the primary KAYAK carsharing companion to supply most reserving flexibility with its hourly reserving mannequin and a completely contactless expertise, because of proprietary Getaround Connect® expertise. The Getaround-KAYAK integration is now obtainable to vacationers visiting Atlanta, Boston, Chicago, Denver, Honolulu, Los Angeles, New York City, Phoenix, San Francisco Bay Area, Tampa, Washington D.C., and many others.
“Getaround is very pleased to enter this new strategic marketing agreement with KAYAK to bring a revolutionary, digital, and convenient contactless carsharing experience to KAYAK travelers,” mentioned Sy Fahimi, Chief Operating Officer, Getaround. “Now more than ever, travelers are looking to save money and want convenience. With Getaround, you can instantly book cars or trucks for as little as an hour, which is ideal for short day excursions during longer trips. Beyond that, we offer bookings by the day or week, enabling Getaround to meet the needs of all KAYAK travelers.”
Privately owned vehicles are sometimes parked 95% of the time and on the transfer solely 6 hours per week. For the remaining 162 hours of the week, most vehicles keep parked and idle. Peer-to-peer carsharing means fewer vehicles on the street: research present that, on common, one carsharing car replaces 9 to 13 automobiles. Thanks to carsharing, customers are promoting their automobiles or suspending the acquisition of 1.
By main the shift away from the normal idea of automobile possession, Getaround’s mission is to create a world through which fewer vehicles are on the street, visitors and air pollution are lessened, and greenhouse gasses are diminished. The integration with KAYAK accelerates these constructive modifications for vacationers and native communities alike.
“We are making KAYAK’s car and truck search results even more comprehensive with the addition of Getaround,” mentioned Paul Jacobs, GM & VP, KAYAK North America. “We are continuing to see strong demand for car rentals and peer-to-peer carsharing is a great option for travelers.”
Travelers coordinating their journeys via KAYAK can now ebook a automobile with Getaround by deciding on the “View Deal” button, which is able to robotically redirect them to the Getaround web site to finish their automobile reserving. Getaround vehicles and vans are simply accessible, may be unlocked utilizing solely a smartphone, and can be found to ebook on-demand 24/7 for as little as one hour. Prices begin as little as $5 per hour in lots of cities, so vacationers have quite a lot of versatile car choices close by.
On May 11, 2022, Getaround introduced its entry right into a definitive enterprise mixture settlement with InterPrivate II Acquisition Corp. (NYSE: IPVA). Upon the closing of the enterprise mixture, which is anticipated within the second half of 2022, the mixed publicly traded firm will likely be named Getaround. For extra details about the transaction, please go to https://www.getaround.com/investors.
To study extra about Getaround, go to www.getaround.com.
About KAYAK:
KAYAK, a part of Booking Holdings (NASDAQ: BKNG), is the world’s main journey search engine. With billions of queries throughout our platforms, we assist folks discover their good flight, keep, rental automobile and trip packages. We additionally help enterprise vacationers with KAYAK for Business, our free company journey answer, and are remodeling the in-travel expertise with our app and new resort and lodging software program. For extra info, go to www.KAYAK.com.
About Getaround:
Getaround connects secure, handy and reasonably priced vehicles with individuals who want them to stay and work. We are the world’s first carsharing market providing a 100% digital expertise with proprietary expertise and knowledge that make sharing automobiles superior to proudly owning them. Our group contains visitors who depend on our vehicles for on-demand mobility 24/7, and hosts who share vehicles on our platform together with those that function their very own carsharing companies. Founded in 2009, at this time Getaround is energetic in over 950 cities worldwide.
About InterPrivate II Acquisition Corp
InterPrivate II Acquisition Corp. is a clean examine company led by Chairman and CEO Ahmed Fattouh, Executive Vice Presidents Brian Pham and Alan Pinto, General Counsel Brandon Bentley, and Vice President James Pipe. InterPrivate is additional guided by a bunch of notable traders and working executives who function board members and senior advisors together with: Jeffrey Harris, enterprise capitalist and lead impartial director at Chargepoint; Susan Decker, former President of Yahoo! and lead impartial director at Berkshire Hathaway; Tracey Brophy Warson, former Chair of Citi Private Bank; and Matthew Luckett, founding father of Lampros Capital and former CIO of Balestra Capital.
Additional Information and Where to Find It
This doc pertains to the beforehand introduced Agreement and Plan of Merger (the “Merger Agreement”), dated as of May 11, 2022, amongst InterPrivate II Acquisition Corp., a Delaware company (“InterPrivate II”), Getaround, Inc., a Delaware company (“Getaround”), TMPST Merger Sub I Inc. (“First Merger Sub”) and TMPST Merger Sub II LLC (“Second Merger Sub”) for a proposed transaction involving InterPrivate II and Getaround (the “Proposed Transaction”), however doesn’t comprise all the knowledge that ought to be thought of in regards to the Proposed Transaction and is just not meant to type the idea of any funding resolution or every other resolution in respect of the Proposed Transaction. In reference to the Proposed Transaction, InterPrivate II filed a registration assertion on Form S-4 (File No. 333-266054) (as amended, the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”), which features a proxy assertion with respect to the stockholder assembly of InterPrivate II to vote on the Proposed Transaction and a prospectus with respect to the mixed firm’s securities to be issued in reference to the Proposed Transaction. When obtainable, the definitive proxy assertion/prospectus will likely be despatched to all InterPrivate II stockholders following effectiveness of the Registration Statement. InterPrivate II additionally will file different paperwork concerning the Proposed Transaction with the SEC. Before making any voting resolution, traders and safety holders of InterPrivate II are urged to learn the Registration Statement, the definitive proxy assertion/prospectus and all different related paperwork filed or that will likely be filed with the SEC in reference to the Proposed Transaction as they turn into obtainable as a result of they’ll comprise essential details about InterPrivate II, Getaround and the Proposed Transaction.
Investors and safety holders will have the ability to receive free copies of the proxy assertion/prospectus and all different related paperwork filed or that will likely be filed with the SEC by InterPrivate II via the web site maintained by the SEC at www.sec.gov. In addition, the paperwork filed by InterPrivate II could also be obtained freed from cost from InterPrivate II’s web site at https://ipvspac.com/ or by written request to InterPrivate II at InterPrivate II Acquisition Corp., 1350 Avenue of the Americas, 2nd Floor, New York, NY 10019.
Participants in Solicitation
InterPrivate II and Getaround and their respective administrators and officers could also be deemed to be contributors within the solicitation of proxies from InterPrivate II’s stockholders in reference to the Proposed Transaction. Information about InterPrivate II’s administrators and government officers and their possession of InterPrivate II’s securities is ready forth in InterPrivate II’s filings with the SEC, together with InterPrivate II’s Annual Report on Form 10-Okay for the fiscal 12 months ended December 31, 2021, which was filed with the SEC on March 31, 2022, and within the Registration Statement. Additional info concerning the names and pursuits within the Proposed Transaction of InterPrivate II’s and Getaround’s respective administrators and officers and different individuals who could also be deemed contributors within the Proposed Transaction could also be obtained by studying the definitive proxy assertion/prospectus concerning the Proposed Transaction when it turns into obtainable. You could receive free copies of those paperwork as described within the previous paragraph.
No Offer or Solicitation
This doc is just not a proxy assertion or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transaction and shall not represent a proposal to promote or a solicitation of a proposal to purchase the securities of InterPrivate II, Getaround, First Merger Sub or Second Merger Sub, nor shall there be any sale of any such securities in any state or jurisdiction through which such supply, solicitation, or sale can be illegal previous to registration or qualification below the securities legal guidelines of such state or jurisdiction. No supply of securities shall be made besides via a prospectus assembly the necessities of Section 10 of the Securities Act, or exemptions therefrom.
Forward-Looking Statements
This doc comprises sure forward-looking statements inside the which means of the federal securities legal guidelines with respect to the Proposed Transaction between Getaround and InterPrivate II, together with statements concerning the anticipated timing of the completion of the Proposed Transaction and the advantages of the strategic partnership with KAYAK. These forward-looking statements usually are recognized by the phrases “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and related expressions. Forward-looking statements are predictions, projections and different statements about future occasions which can be primarily based on present expectations and assumptions and, consequently, are topic to dangers and uncertainties. Many elements may trigger precise future occasions to vary materially from the forward-looking statements on this doc, together with, however not restricted to: (i) the chance that the Proposed Transaction might not be accomplished in a well timed method or in any respect; (ii) the chance that the Proposed Transaction might not be accomplished by InterPrivate II’s enterprise mixture deadline and the potential failure to acquire an extension of the enterprise mixture deadline if sought by InterPrivate II; (iii) the failure to fulfill the situations to the consummation of the Proposed Transaction, together with the adoption of the Merger Agreement by the stockholders of InterPrivate II and Getaround, the satisfaction of the minimal belief account quantity following redemptions by InterPrivate II’s public stockholders and the receipt of sure governmental and regulatory approvals; (iv) the dearth of a third-party valuation in figuring out whether or not or to not pursue the Proposed Transaction; (v) the incidence of any occasion, change or different circumstance that might give rise to the termination of the Merger Agreement; (vi) the impact of the announcement or pendency of the Proposed Transaction on Getaround’s enterprise relationships, efficiency, and enterprise usually; (vii) dangers that the Proposed Transaction disrupts Getaround’s present plans and potential difficulties in Getaround’s worker retention consequently; (viii) the result of any authorized proceedings which may be instituted in opposition to Getaround or in opposition to InterPrivate II associated to the Merger Agreement or the Proposed Transaction; (ix) the flexibility to satisfy New York Stock Exchange itemizing requirements at or following the consummation of the Proposed Transaction; (x) the flexibility to acknowledge the anticipated advantages of the strategic relationship with KAYAK, which can be affected by quite a lot of elements, together with modifications within the aggressive and extremely regulated industries through which Getaround operates, variations in efficiency throughout rivals and modifications in legal guidelines and laws affecting Getaround’s enterprise; (xi) the chance of opposed or altering financial situations, together with the ensuing results on client spending, and the opportunity of fast change within the extremely aggressive trade through which Getaround operates; (xii) the chance that Getaround and its present and future companions are unable to efficiently develop and scale Getaround’s merchandise and choices, or expertise vital delays in doing so; (xiii) the acceptance or adoption of carsharing as an alternative choice to automobile possession within the geographies through which Getaround operates its enterprise; and (xiv) dangers related to elevated competitors amongst suppliers of carsharing or different modes of transportation. The foregoing checklist of things is just not exhaustive. You ought to rigorously think about the foregoing elements and the opposite dangers and uncertainties described within the “Risk Factors” part of InterPrivate II’s Annual Report on Form 10-Okay, Quarterly Reports on Form 10-Q, the Registration Statement and proxy assertion/prospectus mentioned above and different paperwork filed by InterPrivate II every so often with the SEC. These filings establish and deal with different essential dangers and uncertainties that might trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Forward-looking statements communicate solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and Getaround and InterPrivate II assume no obligation and don’t intend to replace or revise these forward-looking statements, whether or not on account of new info, future occasions, or in any other case. Neither Getaround nor InterPrivate II provides any assurance that both Getaround or InterPrivate II will obtain its expectations.
Media Contact:
Shyna Deepak
press@getaround.com
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