PALO ALTO, U.S. -- Toyota Motor is wading into the emerging field of peer-to-peer car sharing with an investment in a California startup, joining the ranks of major global automakers such as BMW and Ford Motor.
The leading Japanese car manufacturer invested in San Francisco-based Getaround via a fund created jointly with Japanese asset manager Sparx Group and others. The startup is thought to have received around $10 million from the fund, and how big a stake that provides has not been disclosed.
