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

  • Smart phones offer smarter way to pay for travel
    December 16, 2013
    David Crawford reviews developments in near field communications for mass transit payments. ‘A carefully-designed and well-implemented mobile near field communications (NFC) solutions can give passengers a compelling experience that will encourage them to make greater use of public transport.’ That was the confident conclusion of a recent joint White Paper drawn up by the International Association of Public Transport and the global mobile operators’ representative group GSMA.
    Read More
  • Get connected at ITS European Congress in Lisbon
    February 20, 2020
    The way connectivity is transforming how we plan and deliver mobility will be discussed in detail at this year’s ITS European Congress in Lisbon from 18-20 May.
    Read More
  • Smart parking to enable intelligent mobility in global mega cities
    June 3, 2015
    New analysis from Frost & Sullivan, Strategic Analysis of Smart Parking Market in Europe and North America, finds that the smart parking market, including peer-to-peer (P2P), earned revenues of US$7.05 billion in 2014 and estimates this to accelerate up to US$43.084 billion in 2025 at a compound annual growth rate (CAGR) of 17.89 per cent. The parking industry in Europe and North America is rapidly innovating towards ‘smart’. In addition to adopting high-end automation solutions and software for parking
    Read More
  • West Midlands pilots the UK’s first MaaS
    November 14, 2017
    Mobility-as-a-Service is being piloted in the UK’s second largest metropolitan area and will shortly be opened to the travelling public. A fully operational Mobility-as-a-Service (MaaS) offering is being piloted in the West Midlands region of the UK. Covering seven local authorities which make up the West Midlands metropolitan area and population of 2.8 million, the service is being provided through a memorandum of understanding (MOU) between Transport for West Midlands (TfWM), Finnish company MaaS Global
    Read More

Highlighted Content