Getaround acquires Drivy in $300m deal

US car-share company Getaround has acquired European competitor Drivy in a $300 million deal, expanding its presence into France, Germany, Spain, Austria, Belgium and the UK. Getaround says the deal allows drivers in Europe to earn money by making their car available to rent on its service. Getaround’s patented technology platform - Getaround Connect - enables users to locate and unlock cars using their smartphone. Meanwhile, Drivy offers a smart unlock function – a connected technology which removes the
April 30, 2019 Read time: 2 mins
US car-share company 8262 Getaround has acquired European competitor Drivy in a $300 million deal, expanding its presence into France, Germany, Spain, Austria, Belgium and the UK.


Getaround says the deal allows drivers in Europe to earn money by making their car available to rent on its service.

Getaround’s patented technology platform - Getaround Connect - enables users to locate and unlock cars using their smartphone. Meanwhile, Drivy offers a smart unlock function – a connected technology which removes the need for renters and owners to meet to pick up car keys.

Paulin Dementhon, Drivy founder and CEO, says: "Car-sharing 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.

Dementhon will remain in his role as CEO of Europe, as will Drivy’s executive team, to oversee European operations.

Urban Traffic Control

For more information on companies in this article

Related Content

  • Iteris to acquire Meridian Environmental Technologies
    January 26, 2012
    Iteris has signed a stock purchase agreement to acquire Meridian Environmental Technology, a privately-held company based in North Dakota.
    Read More
  • Grey areas: who's legally responsible for C/AVs?
    October 22, 2018
    Connected and autonomous vehicles are an exciting development in the ITS sector – but amid the hype some big questions about their deployment remain unanswered, finds Ben Spencer Connected and autonomous vehicles (C/AVs) have the potential to change the way we travel - and to eliminate road fatalities. But policy makers and regulators will need to ensure user and public safety is included in future planning. The legal and insurance industries will have to catch up, too. For example, questions over who is
    Read More
  • European tunnel upgrades following new safety legislation
    August 20, 2015
    Across Europe there is a very mixed picture of compliance to latest safety standards for road tunnels. Best practice has emerged, however, in the wake of European legislation. Jon Masters reports High profile fatal fires following accidents in the Mont Blanc, Tauern and Gotthard tunnels prompted the 2004 European Union Directive 2004/54 on road tunnel safety. This meant all EU member states would have to meet new standards of safety in road tunnels by 30 April 2014. The Directive applied to all tunnels over
    Read More
  • PTV owners buy majority stake in Econolite
    March 14, 2022
    Bridgepoint & Porsche Automobile Holdings buy most of Econolite for undisclosed sum
    Read More

Highlighted Content