Getaround purchases Drivy for $300 million | Smart Highways Magazine: Industry News

Getaround purchases Drivy for $300 million

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Car sharing company Getaround says it has become a ‘global carsharing leader’ after $300 million acquisition of Drivy. 

Getaround has announced the acquisition of car sharing platform, Drivy, meaning the company now spans 300 cities in the U.S. and Europe, adding international presence in six European countries: France, Germany, Spain, Austria, Belgium and the U.K.

Getaround states that the companies have more than five million users between them, meaning the acquisition has made it the world’s leading car sharing marketplace.

Founder and CEO of Getaround, Sam Zaid said, ‘As the leading European car sharing marketplace, Drivy has built a strong business with products, teams, and values that closely align with ours at Getaround, making for a natural integration for our employees and users.’

‘Consumers all over the world are embracing the ease, flexibility and freedom that connected car sharing offers. Getaround is delivering on growing consumer demand by providing a consistent, instant and safe car sharing experience in 140 U.S. cities and now, across the 170 cities in Europe that Drivy has developed,’ added Zaid.

Drivy Founder and CEO Paulin Dementhon said, ‘Car sharing will replace car ownership in large urban markets, meeting consumer demands for instant and flexible transportation options, while also making cities more liveable by freeing them from idle cars and reducing congestion and pollution in the process.’

‘Getaround is an ideal partner for us because our companies are aligned in so many ways while being complementary on key aspects of our business, like geography or fleet acquisition. I look forward to seeing what we can accomplish together,’ concluded Dementhon.

 
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