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Getaround Announces Promotion of AJ Lee as COO

By: Getaround via Business Wire

March 11, 2024 at 08:00 AM EDT

Lee brings executive experience across several functions to execute Getaround’s business priorities

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. In that role, he had direct P&L ownership of Getaround’s Drive With Uber program as well as the HyreCar business. Lee brings an established track record of driving results to the COO role, having previously served as Senior Vice President of Growth at Airspace, a global AI-powered logistics platform where he built and optimized revenue functions for scale in the U.S. and Europe. Previously, he served in senior roles in strategy, operations and marketing at technology companies including NEXT Trucking and Amazon.

“I’m excited to work closely with AJ once again,” said Iniguez. “During our previous collaboration, AJ drove growth and margin improvements quickly with a unique ability to build lean, high-performing teams, balance strategic growth initiatives with cost-efficiency measures, and develop impactful features and products for customers. I am confident that his hands-on approach to business transformation will accelerate the company’s path to sustainable profitability.”

“It's an honor to be appointed as Getaround’s COO where my focus will be on establishing strong financial discipline and driving operational efficiencies, allowing us to invest in our future growth,” said Lee. “I look forward to rolling up my sleeves alongside such a talented and dedicated team, and I'm confident that together, we can move fast, execute effectively, and deliver value for our car owners, renters and investors.”

About Getaround

Offering a 100% digital experience, Getaround (NYSE: GETR) makes sharing cars and trucks simple through its proprietary cloud and in-car Connect® technology. The company empowers consumers to shift away from car ownership through instant and convenient access to desirable, affordable, and safe cars from entrepreneurial hosts. Getaround’s on-demand technology enables a contactless experience — no waiting in line at a car rental facility, manually completing paperwork or meeting anyone to collect or drop off car keys. Getaround’s mission is to utilize its peer-to-peer marketplace to help solve some of the most pressing challenges facing the world today, including environmental sustainability and access to economic opportunity. Launched in 2011, Getaround is available today in more than 1,000 cities across the United States and Europe. For more information, please visit https://www.getaround.com/.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements generally relate to future events, such as statements by Getaround’s chief executive officer and chief operating officer, statements regarding the Company’s expected performance, its “path to profitability”, “sustainable growth”, and “delivering value to car owners, renters and investors”. In some cases, you can identify forward-looking statements by terminology such as “intends,” “plans,” and “will,” or the negative of these terms or variations of them or similar terminology. We have based these forward-looking statements on our current expectations and assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. However, whether actual results and developments will conform with our expectations and predictions is subject to a number of risks and uncertainties, many of which are beyond our control, including the Company’s ability to continue to comply with applicable listing standards of the NYSE; and the other factors under the heading “Risk Factors” in our Annual Report on Form 10-K filed with the SEC on November 16, 2023, and in other filings that the Company has made and may make with the SEC in the future. All of the forward-looking statements made in this press release are qualified by these cautionary statements. The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on the Company or our business or operations. Such statements are not intended to be a guarantee of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. You should not place undue reliance on these forward-looking statements, which are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.