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Getaround Reports Full Year 2023 Results

Retrieved on: 
Thursday, March 28, 2024

Getaround (NYSE: GETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, today announced financial results for the year ended December 31, 2023.

Key Points: 
  • Getaround (NYSE: GETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, today announced financial results for the year ended December 31, 2023.
  • Subsequently, in February 2024 the board appointed Eduardo Iniguez as Chief Executive Officer and board member of Getaround.
  • “With proper leadership, adequate funding and thoughtful capital allocation, we should be able to scale the platform Getaround built over the past decade exponentially.
  • “In December 2022, we deployed a new version of our Getaround TrustScore to improve the trust and safety of our marketplace.

Getaround Announces Promotion of AJ Lee as COO

Retrieved on: 
Monday, March 11, 2024

Getaround (NYSE: GETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, today announced the promotion of AJ Lee, Getaround’s former General Manager of Gig, to Chief Operating Officer.

Key Points: 
  • Getaround (NYSE: GETR) (“Getaround'' or “the Company”), the world’s first connected carsharing marketplace, today announced the promotion of AJ Lee, Getaround’s former General Manager of Gig, to Chief Operating Officer.
  • In this role, Lee will report to Getaround CEO Eduardo Iniguez, to accelerate the Company's growth and path to profitability.
  • Lee will have broad responsibilities including operations, marketing, sales and other functions to drive operational excellence across the Company.
  • Lee joined the Company as the General Manager of Gig following Getaround’s acquisition of HyreCar, Inc.’s assets in May 2023.

Getaround Announces Leadership Transition in Continued Drive for Global Growth and Profitability

Retrieved on: 
Wednesday, February 28, 2024

Prior to his role as CFO at Silvus Technologies, Iniguez served as SVP of Finance, Risk & Strategy for Getaround.

Key Points: 
  • Prior to his role as CFO at Silvus Technologies, Iniguez served as SVP of Finance, Risk & Strategy for Getaround.
  • Prior to Getaround, Iniguez was CEO and CFO of HyreCar, Inc. and successfully managed the sale of its assets to Getaround in May 2023.
  • “I am thrilled to return to Getaround to help accelerate the Company’s growth and path to profitability while reaching its incredible potential,” said Iniguez.
  • “His track record of transformational leadership and passion for the carsharing space make him uniquely situated to take the helm as the Company focuses on revenue growth and a path to profitability.

Getaround Expands Executive Leadership Team, Appoints Eduardo Iniguez SVP of Finance & Strategy, AJ Lee VP of Gig Marketplace

Retrieved on: 
Wednesday, May 24, 2023

Getaround (NYSE: GETR) (“Getaround'' or “the Company”), the world's first connected carsharing marketplace, today announced the appointments of Eduardo Iniguez, Senior Vice President of Finance & Strategy, and AJ Lee, Vice President of Gig Marketplace.

Key Points: 
  • Getaround (NYSE: GETR) (“Getaround'' or “the Company”), the world's first connected carsharing marketplace, today announced the appointments of Eduardo Iniguez, Senior Vice President of Finance & Strategy, and AJ Lee, Vice President of Gig Marketplace.
  • Iniguez and Lee both join Getaround following the Company’s acquisition of HyreCar’s assets, the leading U.S. gig carsharing marketplace.
  • “I am thrilled to welcome both Eduardo and AJ, as well as additional members of the HyreCar team, to Getaround,” said Getaround CEO and Founder Sam Zaid.
  • Before Getaround, Lee served as Chief Operating Officer of HyreCar and was previously the company’s Senior Vice President of Growth.

The PepsiCo Foundation to Provide Capital and Coaching to Over 100 Hispanic Small Business Owners to Help Them Thrive During Tough Times

Retrieved on: 
Wednesday, May 17, 2023

PURCHASE, N.Y., May 17, 2023 /PRNewswire/ -- The PepsiCo Foundation, PepsiCo's philanthropic arm, is proud to open applications for the 2023 Impacto Hispanic Business Accelerator program today. In partnership with Accion Opportunity Fund, Allies for Community Business, LiftFund, and Prospera, the program aims to bolster Hispanic-owned businesses — specifically food and beverage businesses that are beloved community staples — to address foundational business challenges and support business growth.

Key Points: 
  • "The PepsiCo Foundation Impacto grant helped us keep the doors open and keep our employees employed.
  • I am so thankful the Foundation is continuing this because today I am now expanding my business to two new locations.
  • Hispanic food and beverage small business owners who are bringing life, culture, and vibrancy to their local communities are encouraged to apply here .
  • He opened the coffee shop in 2017 with a mission to provide community members a safe space to come together.

HyreCar to Facilitate Sale of Business Through Voluntary Chapter 11 Process, Announces Leadership Changes

Retrieved on: 
Monday, February 27, 2023

LOS ANGELES, Feb. 27, 2023 (GLOBE NEWSWIRE) -- HyreCar Inc. (OTC: HYRE) (“HyreCar” or the “Company”), today announced that it voluntarily initiated a Chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware (“Bankruptcy Court”) case number 23-10259.

Key Points: 
  • Copies of the various documents filed with the Bankruptcy Court can be accessed online at https://www.donlinrecano.com/Clients/hci/Index.
  • The Company has also entered into an agreement with Holmes Motors, Inc. (“Holmes”) to provide $5 million in debtor-in-possession (“DIP”) financing.
  • With the protections afforded by the Bankruptcy Code, the Company intends to broaden its marketing efforts to seek a going concern sale of the business.
  • HyreCar is represented by Greenberg Glusker LLP in Los Angeles, and Cole Schotz in Delaware as counsel.

HyreCar Focused on Sustainable Topline Growth and Profitability as In-fleeted and Net New Vehicle Counts Increase

Retrieved on: 
Monday, December 12, 2022

On Friday, December 9, 2022, HyreCar announced the appointment of Eduardo Iniguez as Interim CEO of HyreCar.

Key Points: 
  • On Friday, December 9, 2022, HyreCar announced the appointment of Eduardo Iniguez as Interim CEO of HyreCar.
  • Iniguez is laser-focused on managing the joint venture as it continues to acquire and deploy cars through the line.
  • Prior to HyreCar, Iniguez was the VP of Corporate Finance at AllClear, a global aerospace and defense manufacturing, distribution, and logistics company.
  • “With the warehousing line of credit and continued organic growth, I believe that HyreCar is poised for tremendous scale.

HyreCar Appoints Eduardo Iniguez as Interim CFO and Rob MacKethan as Head of Risk & Insurance

Retrieved on: 
Monday, September 19, 2022

Eduardo Iniguez, HyreCars Head of Finance, will assume the role of Interim CFO to lead the Finance, Accounting and Compliance functions.

Key Points: 
  • Eduardo Iniguez, HyreCars Head of Finance, will assume the role of Interim CFO to lead the Finance, Accounting and Compliance functions.
  • Previously, Iniguez was the VP of Corporate Finance at AllClear Aerospace & Defense, the largest privately held aerospace distribution company in the world.
  • Iniguez will work closely with Rob MacKethan, the companys newly appointed Head of Risk Management and Insurance, who has joined the HyreCar leadership team to improve driver underwriting and optimize risk and insurance performance.
  • A risk and insurance industry veteran, MacKethan brings more than 30 years of direct experience in Mobility as a Service, startup experience and deep ties with the insurance industry.