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Technology Stocks : Game Changers and Market Movers

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From: Paul H. Christiansen	11/20/2014 3:55:52 PM
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Getaround Raises $24 Million To Make Car-Sharing On Demand Being part of the sharing economy isn’t enough anymore. Sharing now has to be part of the on-demand economy as well. To rent a car on Getaround, a car-sharing startup, people used to send a request to the car’s owner, who had to approve or decline the request and arrange for a car key hand-off. Now, with $24 million in new funding to back it up, Getaround is pushing toward making all its cars available to rent on demand. To make that happen, all users who rent out their cars on Getaround have to agree to let any of its screened users rent the car, and every car has to be equipped with a device that lets users unlock the car with their phone. That on-demand availability has made Getaround more appealing to renters and more lucrative for car owners, said Getaround cofounder and marketing director Jessica Scorpio. “People used to request a week in advance, but now almost all trips happen within a couple of hours,” Scorpio said. “It has really changed the business pretty fundamentally.” To read the entire article select . . . Getaround Raises $24 Million To Make Car-Sharing On Demand

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