# Drivy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drivy

- Industry: Transportation Services
- Headquarters: Paris, France
- Total disclosed funding: $43M
- Latest round: Series C (Apr 27, 2016)
- Investors on record: 6

## About

Drivy SAS is a car-sharing platform that enables users to rent vehicles from private owners, enhancing urban mobility through cost-effective and convenient transportation solutions.Drivy SAS, founded in 2010, is based in Paris, France, and operates a peer-to-peer car sharing service. The company was acquired by Getaround, Inc. in April 2019 for USD 300 mn. The acquisition marks a pivotal change in its operational strategy, integrating Drivy's services into Getaround's broader platform. The founder's history is not specified, and no subsidiaries are reported.Drivy offers a comprehensive platform for car-sharing, allowing users to unlock vehicles via a mobile app. Featuring a fleet of over 60,000 vehicles, including sedans and SUVs, it caters to diverse rental needs across more than 300 cities in Europe, including France, Germany, Spain, and Belgium. The service leverages Getaround Connect technology for easy and secure vehicle access, streamlining the rental experience for users.Drivy generates revenue through a transaction-based model where users pay hourly or daily rates starting from EUR 25 per day. Vehicle owners can earn between EUR 330 and EUR 420 per month by renting their cars through the platform, with revenue primarily coming from commissions on rental bookings. The service facilitates direct interactions between car owners and renters, enhancing consumer-driven transactions.Looking ahead, Drivy aims to expand its service offerings and geographic reach. With the recent acquisition by Getaround, the company plans to leverage the USD 300 mn investment to enhance its platform and technology. Specific markets for future expansion are not detailed, but the integration with Getaround suggests a strategy focused on scalable growth in major European cities. Future product launches are expected but have not been specified.

## Funding rounds

- Series C, Apr 27, 2016, $35M — Index Ventures, NGP Capital, Bpifrance Investissement Régions, Cathay Capital, Via ID
- Series A, May 5, 2014, $8.3M — Index Ventures, Alven

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A, Series C
- Alven (https://capitalatlas.ai/funds/alven) — Series A
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series C
- Bpifrance Investissement Régions (https://capitalatlas.ai/funds/bpifrance-investissement-regions) — Series C
- Cathay Capital — Series C
- Via ID (https://capitalatlas.ai/funds/via-id) — Series C