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Greenberg Glusker Represents HyreCar in Acquisition Deal with Getaround, Creating the Largest Gig Economy Carsharing Marketplace in the U.S.

May 15, 2023Press Release
Greenberg Glusker Press Release

Greenberg Glusker LLP, a leading law firm based in Los Angeles, represented HyreCar Inc. (OTC: HYREQ) in its Chapter 11 Section 363 sale of substantially all of its assets to Getaround (NYSE: GETR), the world's first connected carsharing marketplace. The transaction, which closed on May 16, 2023, will create the largest gig economy carsharing marketplace in the United States.

With the acquisition, HyreCar and Getaround move closer to their shared vision of providing a seamless and efficient carsharing experience that revolutionizes transportation for living and working. This transformative deal empowers individuals in the gig economy, unlocks new earning opportunities, and contributes to the advancement of a greener society.

Under the agreement, HyreCar's gig carsharing service will continue without interruption, while benefiting from Getaround's expanded reach, digital marketplace, connected car technology, and unique partnerships. Customers can look forward to exciting new opportunities as a result of this collaboration.

"We are proud to have represented HyreCar in this milestone acquisition," said Brian Davidoff, Chair of Greenberg Glusker's Bankruptcy, Reorganization & Capital Recovery Group. "The joining of these two pioneering companies in the carsharing space is a testament to their commitment to innovation and leadership in the industry. This acquisition strengthens both businesses and positions them for further growth and success."

Alongside Davidoff, Partners Keith Patrick Banner and Jonathan Shenson also served as legal counsel to HyreCar in the transaction.