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


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…

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