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

  • Tracis acquires Datasys
    May 19, 2014
    A Manchester firm that specialises in software for the transport industry has been acquired by listed Leeds group Tracsis in a cash and shares deal worth US$7.5 million. Datasys, which employs 17 staff, provides rail management software systems, business applications and hosting services for the majority of the UK's train operating companies, such as First Group, Go-Ahead, Stagecoach, National Express, Arriva, and Virgin. Tracsis believes that the products, services and development capabilities of Da
    Read More
  • Include ITS in policy decisions from the start, not as an afterthought
    February 1, 2012
    DG TREN's Fotis Karamitsos, on why the European Commission's new ITS Action Plan is looking to the past for future direction. The European Commission's (EC's) new Action Plan for the Deployment of Intelligent Transport Systems in Europe, which was announced as 2008 drew to a close, intends that transport and travel become 'cleaner; more efficient, including energy efficient; and safer and more secure'. At first sight, that wording might be interpreted as marking a significant policy shift within Europe, wit
    Read More
  • Intelligent powertrains could make cost cuts
    April 30, 2020
    Intelligent vehicle powertrains could be a way of making substantial cuts in operating costs and emissions. David Crawford looks at some far-reaching initiatives in Europe and North America
    Read More
  • ITS associations highlight road safety, video analysis, new regulations
    December 19, 2016
    ITS Australia has welcomed the country's National Transport Commission's roadmap of regulatory reform for automated vehicles, Ertico-ITS Europe has been appointed as the work-package leader for dissemination, exploitation and standardisation for the EU’s Cloud LSVA, French opportunities in the Italian ITS market formed the theme of ITS France’s first international breakfast meeting, TTS Italia vice president Diego Galletta highlighted the role of new technology solutions, Chris Philip, ITS Canada’s new boar
    Read More

Highlighted Content