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

  • New study on car scrappage schemes
    April 18, 2012
    Car fleet renewal schemes (cash for clunkers/car scrappage) introduced in the US, France and Germany fell short of their potential to deliver on environmental and safety objectives, according to a new report published by the International Transport Forum at the OECD and the FIA Foundation today.
    Read More
  • Europe’s satellite projects ‘late and over budget’
    February 3, 2016
    The French court of Auditors has found that the European satellite navigation programmes, Galileo and EGNOS (the European Geostationary Navigation Overlay Service), the European satellite navigation programmes, will cost the EU more than US$14 billion over the period 1994-2020, says Euractiv. The delayed projects were originally allocated a budget of US$5 billion, according to the auditors. Galileo will cost a total of US$11 billion. Half of this amount had already been spent by the end of 2013. The C
    Read More
  • Wireless - the future of vehicle detection
    July 23, 2012
    Peter Cattell of Clearview Traffic analyses different wireless communications methods and explains how these are changing the face of vehicle detection. With the continued expansion of traffic data collection solutions, providing a robust, reliable, scalable and secure method of collecting information becomes increasingly important. Over many years, various mobile wireless technologies have been utilised to make the remote collection of data a reality but recent developments are changing the way that this w
    Read More
  • Keeping a weather eye on road conditions
    September 26, 2014
    Drive C2X has shown that advanced warning of poor road conditions could cut fatalities, as David Crawford explains. Connected vehicle (CV)-based warning technologies could mean 6% fewer deaths and 5% fewer injuries in road traffic accidents in Europe, according to the final results of the European Commission (EC) co-funded DRIVE C2X project. According to the European Centre for Information and Communication Technologies (EICT) which provided management support, these “prove that CV systems work and can hav
    Read More

Highlighted Content