Car-sharing startup Getaround raises $300 million in funding led by SoftBank

Car-sharing startup Getaround Inc has raised about $300 million in the latest funding round led by Japan’s SoftBank Group Corp, the San Francisco-based firm said on Tuesday.

Toyota Motor Corp and some other existing investors were also part of the Series D funding round, Getaround said. The company, founded in 2013, has been operating its car-sharing service in 66 U.S. cities including San Francisco, Chicago and Washington D.C.

The company said it will use the latest funding to expand in North America and around the world and to develop partnerships with automakers.