{"id":29174,"date":"2015-04-03T14:30:31","date_gmt":"2015-04-03T12:30:31","guid":{"rendered":"https:\/\/www.rudebaguette.com\/?p=29174"},"modified":"2015-04-03T14:30:31","modified_gmt":"2015-04-03T12:30:31","slug":"drivy-raises-e8-million-acquires-competitor-buzzcar","status":"publish","type":"post","link":"https:\/\/www.rudebaguette.com\/en\/2015\/04\/drivy-raises-e8-million-acquires-competitor-buzzcar\/","title":{"rendered":"Drivy raises \u20ac8 million and acquires competitor Buzzcar"},"content":{"rendered":"

\"drivy2\"
\nA little under a year after having\u00a0closed a \u20ac<\/span>6 million round, car sharing startup Drivy<\/a> has raised a second round, this time at <\/a>\u20ac<\/span>8 million<\/a>. \u00a0For their latest round\u00a0Via-ID (investment fund of Mobivia Group) and BPIfrance joined the round, with previous investors Alven Capital and Index Ventures reinvesting. \u00a0Via-ID’s coming board as investor was precipitated by Drivy’s<\/a> announcement that they’ve acquired their principal competitor, Via-ID portfolio company Buzzcar.
\nFounded in 2010 by\u00a0Paulin Dementhon, Drivy quickly established itself as a leader in the sector, particularly in France. With 400-500k users and 26k cars shares available, they now have more vehicles available in their network to share in Paris than Autolib. Taking 15% on each transaction (with 15% going towards insurance and 70% the renter), their revenues have also shown strong growth, having tripled their revenues last year to almost \u20ac<\/span>2 million. \u00a0Most of their business up until has been focused in France, but they see substantial potential in Europe. \u00a0Last year they kicked-off their European expansion by launching in Germany<\/a>, will be launching imminently in Spain and are planning to launch in another western European country by end 2015.
\nTheir first priority with\u00a0latest round will be to invest in R&D, namely making the experience more seamless ad introducing new functionality. \u00a0They also aspire to enlarging the usage occasions for car sharing, so\u00a0making car sharing via Drivy a reflex for short as well as long distances. Currently, the car share rental\u00a0time and distance via Drivy are 3 1\/2 days and 100km respectively. This, coupled with the Buzzcar acquistion, should also help them substantially in reaching their next big goal – 3 million users and 300k car share vehicles in their network. \u00a0All this will require them to double the size of their team to 60, which they kicked-off in earnest at our Paris Startup Job Fair<\/a> last weekend.
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\n <\/p>\n","protected":false},"excerpt":{"rendered":"

A little under a year after having\u00a0closed a \u20ac6 million round, car sharing startup Drivy has raised a second round, this time at \u20ac8 million. \u00a0For their latest round\u00a0Via-ID (investment fund of Mobivia Group) and BPIfrance joined the round, with previous investors Alven Capital and Index Ventures reinvesting. \u00a0Via-ID’s coming board as investor was precipitated<\/p>\n","protected":false},"author":77,"featured_media":29183,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"subtitle":"","footnotes":""},"categories":[10563],"tags":[3403],"class_list":["post-29174","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tech","tag-drivy"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/29174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/comments?post=29174"}],"version-history":[{"count":0,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/29174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media\/29183"}],"wp:attachment":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media?parent=29174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/categories?post=29174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/tags?post=29174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}