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HyreCar Inc. operates a car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers. The company sourcing vehicles from individual owners, as well as commercial owners of vehicles including car dealerships and fleet owners. HyreCar Inc. was incorporated in 2014 and is headquartered in Los Angeles, California. On August 29, 2023, the voluntary petition of HyreCar Inc. for reorganization under Chapter 11 was converted to Chapter 7. It had filed for Chapter 11 bankruptcy on February 24, 2023.
SANTA ANA, Calif. , Aug. 26, 2024 /PRNewswire/ -- Glancy Prongay & Murray LLP announces that the United States District Court for the Central District of California has approved the following announcement of a proposed settlement that would benefit purchasers of HyreCar Inc. publicly traded common stock (OTCMKTS: HYREQ): UNITED STATES DISTRICT COURTCENTRAL DISTRICT OF CALIFORNIA Case No.
HyreCar to sell substantially all of its assets to carsharing marketplace leader, Getaround, unlocking new opportunities for gig economy workers and vehicle owners HyreCar to sell substantially all of its assets to carsharing marketplace leader, Getaround, unlocking new opportunities for gig economy workers and vehicle owners
Getaround Inc said that it will scale its car sharing platform by acquiring the assets of HyreCar, another car sharing marketplace for $9.45 million. San Francisco-based Getaround said that it expects to realize up to $75 million of run rate annualized gross booking value from the deal, which will contribute to positive adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, profitability.
Futures are firmer again on Friday. And, yet again, the S&P 500 SPX, -0.17% is eyeing the top of the range — 3,800 to 4,200 –with which it has been flirting for several months.
Peer-to-peer car sharing company Getaround said Thursday it will acquire the assets of HyreCar, another car sharing marketplace, for $9.45 million. Getaround expects to realize up to $75 million of run rate annualized gross booking value from the deal, which the company says will contribute to positive adjusted EBITDA profitability.