SoftBank-backed peer-to-peer car-sharing startup Getaround has acquired French car-sharing company Drivy for $300 million.
“Drivy is now proudly part of Getaround. Together, we’re the world’s leading carsharing platform. From Europe to the US, we’re committed to our mission of improving mobility around the globe: less unused cars, less pollution. More sharing. More freedom to move. The carsharing revolution begins now,” said Drivy in a statement.
Drivy already operates in 170 cities in Europe, allowing Getaround to expand its service outside of the US. Following the acquisition, Drivy founder and CEO Paulin Dementhon will operate as CEO for all operations in the continent.
“Welcome to the Getaround team, Drivy! We’re so excited to build the future of carsharing with you!” said Getaround in a tweet.
Together, Getaround and Drivy have more than five million users, meaning that the new and improve car-sharing company can now focus on becoming a global leader for next-generation mobility.