Getaround acquires Drivy for $300 million and becomes global carsharing leader

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Carsharing pioneer Getaround today announced the $300 million acquisition of Drivy, the largest and fastest-growing carsharing platform in Europe.
Alven first backed Drivy at Seed stage, in 2012.

Expanding on Getaround’s vision of a world where all cars are shared, the combined 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. With more than five million users between the two companies, Getaround is now the world’s leading carsharing marketplace.

Headquartered in Paris, Drivy has quickly built a community of two and a half million users across Europe with an established track record of local market execution and innovation. Combining the strengths of Getaround and Drivy will create an unparalleled offering for people in Europe to instantly rent and drive great cars shared by people nearby—all the while reducing the financial burden of car ownership by enabling people to earn money by listing and sharing their car when they’re not using it.

We are thrilled to be joining forces with the Drivy team as we move closer to our vision of creating a world where all cars are connected and shared,” said Getaround Founder and CEO Sam Zaid. “As the leading European carsharing 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 carsharing offers. Getaround is delivering on growing consumer demand by providing a consistent, instant and safe carsharing experience in 140 U.S. cities—and now, across the 170 cities in Europe that Drivy has developed.”

Thanks to the remarkable work of our team, Drivy has become the largest carsharing platform in Europe,” said Drivy Founder & CEO Paulin Dementhon. “Carsharing 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. Connected technology, frictionless user experience, and increased car fleet density are the keys to this evolution, as they make it more convenient to use a shared car than your own. 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.”

About Getaround
Getaround empowers people to instantly rent and drive great cars shared by people in their city. Cars can be rented by the hour, or the day, with insurance and 24/7 roadside assistance included.
Headquartered in San Francisco, Getaround has thousands of cars available throughout major metropolitan areas across the United States. Investors in Getaround include SoftBank, Menlo Ventures, Braemar Energy Ventures, Asset Plus, Triangle Peak Partners, SPARX Group, Toyota Motor Corporation, Cox Automotive Inc., and SAIC Capital.

About Drivy
Drivy is Europe’s leading carsharing platform – with 55,000 cars shared across six countries, a community of two and a half million users. Drivy aims to bring fresh air to cities, by encouraging fewer cars on the road and more freedom to move.
The Drivy team includes 130 people in offices in Paris, Berlin, Barcelona and London. The startup raised €47m from top tier investment funds and VCs including Alven, Index Ventures, Via-ID, Cathay Innovation, BPI France, NGP Capital and Wind Capital.


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