Back in April this year, Getaround, a peer-to-peer car-sharing startup based in San Francisco, US acquired Drivy, a French counterpart for $300 million (nearly €268.84 million). This acquisition marked the first expansion of the US company facilitating it to run its operations in Europe.
Drivy and Getaround: The carsharing partnership
Headquartered in Paris, Drivy was founded by Paulin Dementhon in 2010. The startup quickly built a user base of over 2.5 million across Europe. Drivy has over 55,000 cars shared across six countries. The company has an established track record of innovation and execution in the local market. The car-sharing app works with a companion app that lets drivers find a nearby car, open it with a smartphone and drive it away.