Getaround launches TrustScore v2.0
Carsharing marketplace Getaround announced TrustScore v2.0, “a proprietary next-generation artificial intelligence model” to improve the safety and economics of its carsharing marketplace.
Getaround TrustScore v2.0 combines machine learning with over a decade of data from trips taken on its platform to provide optimized pricing and security deposits for each carsharing trip. With Getaround TrustScore, the company is able to more accurately price risk on trips, provide upfront transparency for what guests should expect to pay while reducing insurance costs. Getaround says that preliminary results indicate cost savings of up to 50% of claims and insurance expense — one of the company’s largest cost centers.
“We are thrilled to roll out the latest version of our Getaround TrustScore after several months of testing our new AI model — to create safer and more desirable carsharing experiences that elevate carsharing from traditional rental models and car ownership. Getaround TrustScore v2.0 enables us to further improve guest and host satisfaction, while concurrently helping to drive our bottom line with expected insurance and claim costs reductions of up to 50%. This strategic, next-generation AI model reduces costs associated with offering carsharing and unlocks increased earnings potential for our hosts and improved availability of vehicle options for guests. With TrustScore 2.0 and the recent HyreCar acquisition, Getaround continues to make smart, strategic investments to drive our path to profitability and long-term carsharing category leadership.” – Sam Zaid, CEO and founder of Getaround.