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Getaround acquires Drivy to create the world’s leading carsharing company

30 April 2019

Drivy Getaround

Getaround, the American leader in carsharing, has just announced the acquisition of Drivy, Europe’s leading carsharing platform, for $300m.

By combining the strengths and geographical footprint of the two companies, the two combined companies form a world leader in carsharing, with a community of more than 5 million users sharing 62,000 vehicles, including 11,000 connected and self-service vehicles in 300 cities in the United States and Europe.

We are delighted to join forces with Drivy to move closer to our goal: a world in which all vehicles are connected and shared, said Sam Zaid, founder and CEO of Getaround.

Thanks to the outstanding work of our team, Drivy has become the largest car-sharing platform in Europe. By replacing the private car in large cities, car-sharing responds to the demand for instant and flexible transport offers while making cities more sustainable by ridding them of unnecessary vehicles and helping to reduce congestion and pollution. Having connected technology, a smooth user experience and a dense fleet is essential to make the use of a shared car more convenient than owning your own vehicle. Getaround is the ideal partner to achieve this goal, because our companies are similar but complementary in many aspects of our business, such as geography or fleet acquisition. I look forward to seeing what we can accomplish together, said Paulin Dementhon, Drivy’s founder and CEO. 

Getaround is the American leader in carsharing that allows users to instantly locate and unlock cars using their smartphones, making carsharing accessible to as many people as possible at any time of the day. Based in San Francisco, Getaround has thousands of cars available in 140 major cities across the United States. Getaround’s investors include SoftBank, Menlo Ventures, Braemar Energy Ventures, Asset Plus, Triangle Peak Partners, SPARX Group, Toyota Motor Corporation, Cox Automotive Inc. and SAIC Capital.

Drivy, founded in 2010 by Paulin Dementhon, is the leading car-sharing platform in Europe, with more than 2.5 million users and 55,000 cars shared in 6 countries. The Drivy application allows city dwellers to find a car at the bottom of their home, to open it with their smartphone and use it for a few hours or a few days.  The start-up, which has 130 employees in its offices in Paris, London, Barcelona and Berlin, raised €47 million from major investment funds or VCs in the Technology and Mobility sector: Alven, Index Ventures, Via ID, Cathay Innovation, BpiFrance, NGP Capital and Wind Capital.

Via ID is pleased to remain a shareholder of this world leader on a subject that it has been supporting since 2011 and that is clearly one of smart city’s key solutions.