Getaround has acquired Drivy for $300 million, enhancing its global presence in the carsharing market and positioning itself as a leader in sustainable transportation solutions.

Target Information

Getaround, a pioneering company in carsharing, has announced its acquisition of Drivy, a leading carsharing platform in Europe, for $300 million. This strategic move is designed to broaden Getaround's international reach, adding Drivy's operations across 170 European cities to its existing footprint in the United States. Together, the two companies aim to reinforce their mission of creating a globally connected carsharing marketplace that empowers users to access shared vehicles effortlessly.

Drivy, headquartered in Paris, boasts a substantial community of 2.5 million users and an extensive fleet featuring 55,000 shared vehicles. Established in 2010 by Paulin Dementhon, Drivy has emerged as a critical player in the European carsharing landscape, noted for its innovative mobile technology that facilitates convenient vehicle rental. By merging with Getaround, Drivy can leverage enhanced resources to scale up and innovate further, thus improving user experience and environmental sustainability.

Industry Overview in Europe

The carsharing industry in Europe is evolving rapidly, driven by increasing urbanization and consumer preferences for flexible transportation solutions