Cox Automotive, which provides vehicle remarketing and other services to car dealers and consumers, also owns AutoTrader, Kelly Blue Book and Manheim Auctions.
Also participating in the round, which reportedly values Getaround at $200 million, were existing investors Menlo Ventures and SOS Ventures, as well as Triangle Peak Partners, bringing Getaround’s total funding to $40 million.
Getaround states that it plans to use the funding to expand from San Francisco, San Diego, Chicago and Austin to Oakland, Portland and Washington, D.C., the company states.
