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

  • Rekor to acquire Waycare for $61m
    August 17, 2021
    Waycare AI platform to integrate with Rekor One 
    Read More
  • PTV boosts its partnership with Hamburg
    December 13, 2024
    Germany’s second-largest city wants to improve public transport and 'livability'
    Read More
  • CES 2019 says hello to the future
    February 20, 2019
    The launch of the latest gadgets has made the Consumer Electronics Show into tech heaven for geeks worldwide – but there is a serious ITS component, too. Ben Spencer braves the bright lights of Las Vegas to find out more The Consumer Electronics Show (CES) has been the showcase for some of the world’s most iconic gadgets – from VCRs to the Commodore 64, and from the camcorder to the launch of HDTV. This has made CES a mecca for tech heads all over the world since it began in the 1960s, but these days it
    Read More
  • ITS in the Baltic States: on the rise
    August 12, 2020
    In the Baltic states, on north-east Europe’s border with Russia, the ITS sector is on the verge of big growth, finds Eugene Gerden - but more
    Read More

Highlighted Content