There’s more money to go around at Getaround.

The connected carsharing marketplace announced its existing debt facility with Mudrick Capital Management has been expanded to provide the company with up to $50 million in additional capital.

Getaround said it drew down the first $20 million of that capital on Monday.

“Earlier this year we proactively transitioned our leadership team and began restructuring our operations to create what we believe is a long-term, sustainable business model in which we can confidently invest for profitable growth,” Getaround CEO Eduardo Iniguez said in a news relesae.

“Those initiatives, coupled with Mudrick Capital’s additional financial support, underscore our commitment to car owners and renters who use our carsharing platform to meet society’s evolving mobility needs.”

Mudrick Capital Management chief investment officer Jason Mudrick said he’s impressed by Getaround’s changes.

“As I work with Eduardo and the reconstituted management team on Getaround’s vision for the future, I’m increasingly confident in the company’s ability to execute against its strategic growth and profitability plans,” he said. “Getaround’s unique competitive advantages and significant untapped market opportunities inspire my continuing support for the business plan through 2024 and beyond.”