Digital peer-to-peer carsharing market Getaround, and journey search engine and the primary and solely journey metasearch KAYAK, collaborated to combine Getaround’s on-demand, contactless choices with KAYAK’s platforms and companies.
On May 11, 2022, Getaround agreed to go public by way of a particular function acquisition firm (SPAC) merger with InterPrivate II Acquisition Corp IPVA.
Upon closing the enterprise mixture, probably within the second half of 2022, the mixed publicly traded firm can be named Getaround.
What Happened? The integration allows vacationers trying to find vehicles or vehicles on KAYAK to benefit from the comfort carsharing supplies by reserving autos for as little as an hour by way of Getaround.
The announcement coincided with years of pent-up journey demand creating strong demand for automotive and truck leases in cities all through the U.S.
Why Does It Matter? Millions of vacationers can discover reasonably priced and extra versatile methods to optimize their journeys this vacation season by avoiding the automotive rental counter and even vital in-particular person handoffs, due to Getaround’s contactless person expertise.
Getaround is the primary KAYAK carsharing companion to supply most reserving flexibility with its hourly reserving mannequin and a totally contactless expertise, due to 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.
“We’re thrilled to partner with KAYAK to integrate our digital, instant, and contactless carsharing marketplace with the industry-leading travel platform, Getaround founder and CEO Sam Zaid said.
“We imagine it will assist extra customers profit from our digital and related person expertise to ebook, unlock, and go — reserving and unlocking vehicles immediately from their cellphone, bypassing the trouble of rental strains, salespeople, manually accumulating automotive keys, and arranging a automotive pickup.”
Privately owned cars are typically parked 95% of the time and on the move only 6 hours per week. Most cars stay parked and idle for the remaining 162 hours of the week.
Peer-to-peer carsharing means fewer cars on the road: studies show that, on average, one carsharing vehicle replaces 9 to 13 cars.
Thanks to carsharing, users are selling their vehicles or postponing the purchase of one.
“We are making KAYAK’s automotive and truck search outcomes much more complete with the addition of Getaround,” KAYAK, North America GM & VP Paul Jacobs said. “We are persevering with to see robust demand for automotive leases, and peer-to-peer carsharing is a good possibility for vacationers.”
Travelers coordinating their trips through KAYAK can now book a car with Getaround by selecting the “View Deal” button, automatically redirecting them to the Getaround website to complete their car booking.
Getaround cars and trucks are easily accessible, can be unlocked using only a smartphone, and are available to book on-demand 24/7 for as little as one hour. Many cities offer prices as low as $5 per hour, so travelers have various flexible vehicle options nearby.
Price Action: IPVA shares traded greater by 0.1% at $9.86 within the premarket on the final verify Tuesday.