- General
- April 24, 2019
- 4 minutes read
Getaround Acquires Drivy For $300 Million
Getaround CEO Sam Zaid image: Drivy Getaround has announced an acquisition of Drivy — a carsharing service operating in six…
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| Getaround CEO Sam Zaid
image: Drivy
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Getaround has announced an acquisition of Drivy — a carsharing service operating in six European countries — for $300 million. With this acquisition, Getaround is expanding internationally from the U.S. for the first time, now operating in 300 cities across the U.S. and Europe. Both companies have more than five million users between them.
Paris headquartered Drivy has presence in France, Spain, Austria, Germany, Belgium, and the U.K. It offers a similar carsharing service just like Getaround does in the U.S. This merger creates a leading carsharing company on a global scale. Post-acquisition, Drivy CEO Paulin Dementhon will remain in his role, heading Getaround’s operations in Europe. Drivy’s executive team will also remain in their roles.
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| Getaround CEO Sam Zaid (left) and Drivy CEO Paulin Dementhon
image: Drivy
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Drivy currently employs 130 people in officies in Paris, London, Barcelona and Berlin. The company says it has 2.5 million users who share some 55,000 cars available on its platform.
