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Getaround acquires European Car Sharing Platform Drivy for $300 Million

24Apr By NitishNo Comments

ACQUISITION

Getaround acquires European Car Sharing Platform Drivy for $300 Million

SAN FRANCISCO-- Carsharing pioneer Getaround announced a $300M acquisition of Drivy, the largest and fastest-growing carsharing platform in Europe. Getaround and Drivy combined now spans 300 cities in the U.S. and Europe, adding international presence in six European countries inlcuding France, Germany, Spain etc. 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. Getaround and Drivy share this vision of connected carsharing, as Drivy also introduced an instant smartphone unlock function a connected technology that removes the i...

Top 5 Funding of The Week (20th August – 25th August)

Funding refers to the process of raising funds for the purpose of business growth and these days funding has become a very important part of the business and startup world. Without funding, it is quite impossible to think about the growth of a business. The last week was quite eventful in terms of funding activities and thus, we have a list of the top five funding activities of the week. The largest amount that was raised this week was $350 million by One Medical. Lets now dig into the details and have a look at the other funding activities as well. 1) ELARA TECHNOLOGIES Elara Technologies, the owner of Housing.com, PropTiger.com and Makaan.com that is based in Singapore has reportedly raised an amount of $35 million in a fresh funding round. The round was led by ...

A Car-Sharing Platform Raises $300 Million from SoftBank

San Francisco-based Getaround, a car-sharing platform that provides instant and keyless car sharing has raised an amount of $300 million in the latest Series D funding round. The particular funding round was led by Japan's SoftBank Group. The other investors that were a part of this funding round included Toyota Motor and some other existing investors. The funds raised by the company are being planned to use in the expansion process in areas of North America and around the world. Also, a part of the funds will be utilized to develop partnerships with automakers. “We are confident in our product, playbook, and team,” Sam Zaid, Getaround founder and CEO said. “We look forward to leading the growth of next-generation carsharing.” Founded in 2013, Getaround has gradually grown its netw...