Getaround Announces Closure of Business Combination with InterPrivate II Acquisition Corp

Bypass common stock and warrants, listed today on the NYSE under the symbols “GETR” and “GETR.WS”

Ringing the opening bell at the New York Stock Exchange in its public market debut

Pioneer in digital car-sharing transformation raises approximately $228 million1

San Francisco, December 9, 2022–(BUSINESS WIRE)–Getaround (“Getaround” or the “Company”), the world’s first connected car-sharing marketplace, announced today that it has completed its previously announced business combination with InterPrivate II Acquisition Corp (the “Business Combination”) . (NYSE: IPVA) (“InterPrivate II”).

To complete the business combination, Getaround’s common stock and warrants will begin trading on the New York Stock Exchange on December 9, 2022 under the ticker symbols “GETR” and “GETR.WS,” respectively. The business combination was unanimously approved by InterPrivate II’s Board of Directors at a special meeting of InterPrivate II shareholders on December 7, 2022. Getaround’s CEO and co-founder, Sam Zaid, and Getaround’s current management team will continue to lead the company.

“Today is a special day for the Getaround team who have worked tirelessly to usher in the era of connected and digital car sharing. We are excited to enter this new chapter as a public company. Getaround helped pioneer the car sharing category and we believe consumer adoption Still in the early stages of a large addressable market for long-term growth. With our unique patented technology that allows consumers to instantly reserve and unlock a car nearby, we believe Getaround is well-positioned to capitalize on the enormous market opportunity,” Zaid said. With the funds raised in the transaction and the excellent partners of InterPrivate and Mudrick Capital Management, we will continue to accelerate Getaround’s mission to lead the advancement of car sharing through our innovative and proprietary technology.”

“We are delighted to be partnering with Mudrick Capital Management, a leading global investment firm, to support Getaround’s public market debut. Getaround continues to position itself to capture market share in the emerging car-sharing category, offering a fully digital and superior car-sharing market” commented Ahmed Fattouh, Chairman and CEO of InterPrivate II, who will soon join the board of Getaround. “Leveraging its key underlying technology strength, Getaround Connect, Getaround is able to deliver a seamless and frictionless car-sharing experience that delivers enhanced value to its users. InterPrivate II believes that Getaround’s NYSE listing is just the beginning of its journey , as the company continues to execute on its key growth plans and lead its peers to become the global leader in asset-light digital car-sharing.”

Jason Mudrick, Founder and Chief Investment Officer of Mudrick Capital Management, commented: “Getaround has demonstrated a long track record of growth and is well positioned to continue leading the car-sharing category with its superior economics and technology as a public company, LP, a global investment firm “We are delighted to have played a key role in supporting this transformative transaction for Getaround. “

To commemorate the closing of the business combination, Getaround will ring the opening bell at the New York Stock Exchange on December 9, 2022 at 9:30 a.m. ET. Available by visiting

LionTree Advisors LLC acted as financial advisor to EarlyBirdCapital, Inc. Capital Markets Counsel, Pennsylvania Greenberg Traurig served as InterPrivate II’s lead counsel. White & Case LLP also acted as legal counsel to InterPrivate II. UBS Securities LLC acted as lead capital markets advisor and Orrick, Herrington & Sutcliffe LLP acted as legal advisor to Getaround. In addition, Latham & Watkins LLP acted as legal counsel to UBS Securities LLC.

About Getaround
Getaround offers a 100% digital experience, making sharing cars and trucks simple through its proprietary cloud and in-vehicle Connect® technology. The company empowers consumers to move away from car ownership by providing instant and convenient access to the desired, affordable and safe vehicle from entrepreneurial owners. Getaround’s on-demand technology enables a contactless experience – no waiting in line at car rental agencies, no manual paperwork to complete, and no meeting with anyone to pick up or drop off your car keys. Getaround’s mission is to use its peer-to-peer marketplace to help address some of the most pressing challenges facing the world today, including environmental sustainability and access to economic opportunity. Launched in 2011, Getaround is now available in over 1,000 cities in the US and Europe. For more information, please visit

About InterPrivate II Acquisition Company
InterPrivate II Acquisitions is a blank check company led by Chairman and Chief Executive Officer Ahmed Fattouh, Executive Vice Presidents Brian Pham and Alan Pinto, General Counsel Brandon Bentley and Vice President James Pipe. InterPrivate is further mentored by a group of prominent investors and operating executives who serve as board members and senior advisors, including: Jeffrey Harris, venture capitalist and Lead Independent Director of Chargepoint; former Yahoo President Susan Decker Lead Independent Director of Kirk Hathaway; Tracey Brophy Warson, former Chairman of Citi Private Bank; Matthew Luckett, Founder of Lampros Capital and former CIO of Balestra Capital.

forward-looking statement
This document contains certain forward-looking statements within the meaning of the federal securities laws. In some cases, you can identify these forward-looking statements by the use of words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “may,” “should” and similar expressions. and “will”, and similar expressions. All statements other than statements of historical fact could be deemed forward-looking statements, including but not limited to statements regarding the benefits of business combinations and becoming a public company and the market opportunity and prospects for Getaround’s success in the public markets. Forward-looking statements are based on current Forecasts, forecasts and other statements about future events are expectations and assumptions and are therefore subject to risks and uncertainties. A number of factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to: (i) the effect of the business combination on Getaround’s business relationships, performance and overall business; the outcome of any legal proceedings that may be brought against Getaround or InterPrivate II; (iii) the ability to meet NYSE listing standards; (iv) changes in the highly competitive and highly regulated industry in which Getaround operates, the performance of competitors variances and changes in laws and regulations affecting Getaround’s business; (v) the ability to implement business plans, forecasts and other expectations, measure and adapt to industry trends and changing host, guest and consumer preferences, and the ability to identify and realize additional opportunities (vi) the failure to realize the expected benefits of the transaction or the estimated pro forma results and underlying assumptions, (vii) the risk of adverse or changing economic conditions, including the resulting impact on consumer spending, and the rapid the possibility of change in the highly competitive industry in which Getaround operates; (xii) the risk that Getaround and its current and future partners will not be able to successfully develop and expand Getaround’s products and services, or experience significant delays in their development; (xiii) Acceptance or adoption of car sharing as an alternative to car ownership in regions where Getaround operates; (xiv) risks associated with increased competition among car sharing or other transportation mode providers. The preceding list of factors is not exhaustive. You should carefully consider the foregoing factors and other risks and uncertainties described in the “Risk Factors” section of InterPrivate II’s definitive proxy statement/prospectus filed with the U.S. Securities and Exchange Commission (“SEC”) on November 16, 2022, and InterPrivate II’s II Other documents filed with the SEC from time to time. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and Getaround and InterPrivate II undertake no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. Neither Getaround nor InterPrivate II guarantees that Getaround or InterPrivate II will meet its expectations.

1 Gross proceeds of approximately $228 million include the amount retained in the InterPrivate II trust account, the conversion of approximately $37.5 million of bridge notes and the issuance of $175 million of convertible notes. Getaround repaid the existing line of credit at closing.

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