Mexican Media Brands
Car-Sharing Giant Getaround Buys Rival Drivy
San Francisco-based Getaround Inc. is acquiring European rival Drivy in a $300 million deal that will create the world's largest car-sharing service.
Share
San Francisco-based Getaround Inc. is acquiring European rival Drivy in a $300 million deal that will create the world's largest car-sharing service.
Each company has about 2.5 million members, with Getaround focusing on the U.S. and Drivy on Europe. The combined operations will cover more than 300 cities in the two regions.
The peer-to-peer platforms allow members to rent vehicles from each other on an hourly or daily basis. Rates include insurance and roadside assistance. Renters can access vehicles via digital key technology, which simplifies the pickup/drop-off process.
Paulin Dementhon, who co-founded Drivy in 2010, will oversee the combined company’s operations in Europe. The U.S. operations will be headed by Getaround CEO Sam Zaid, who launched that company in 2011.
Getaround’s investors include SoftBank and Toyota.
RELATED CONTENT
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
