Community-Based Car Rental Service Drivy Grabs Another $8.6 Million, Acquires Buzzcar

TechCrunch

French startup Drivy raised $8.6 million (€8 million) from Bpifrance, Via-ID as well as existing investors Index Ventures and Alven Capital. The company is also acquiring its smaller competitor Buzzcar for an undisclosed amount.

As a reminder, Drivy lets you rent a car from anyone, usually for less than what it would cost you in a brick and mortar car rental agency. In addition to spending less money, you will receive the same insurance coverage that you would expect when you rent a car.

If you rarely use your car, you can also earn a bit of money by putting your car on the marketplace. Drivy is available in France and Germany for now, but the company plans to expand to more European countries. Spain and another country should come pretty soon.

After merging with Buzzcar, Drivy now has 500,000 registered users and 26,000 cars available on the…

View original post 170 more words

Advertisements
This entry was posted in Brian By Experience. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s