Car-sharing firm Getaround has acquired Nordic car sharing business Nabobil for $12m (£9.46m).
It is the second acquisition that the US business has made in the past two months, with the most recent being UK car-sharing business Drivy, which was acquired for $300m in May.
Go deeper with GlobalData
The carsharing platform will operate in seven European countries including Norway, in addition to the markets recently added through the company’s acquisition of Drivy – France, Germany, Spain, Austria, Belgium, and the U.K.
Founded in 2015 by Jacob Tveraabak, Karl Munthe-Kaas, Christian Hager, Jenny Sjögren, Theodor Tonum, Thomas Grøndahl and Chris Moen, Getaround said Nabobil had a strong user base in Norway.
Getaround said the acquisition would allow Nabobil to use its connected car technology, including its six-year-old Connect® device—patented technology that enables users to locate and unlock cars using their smartphone.
Getaround was founded as a startup in 2009 and ended up receiving backing from investors including SoftBank.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“We are excited to welcome the Nabobil team to Getaround,” said Getaround founder & chief executive Sam Zaid. “We are building an exceptional global organisation and the tremendous experience, drive and values that the Nabobil team bring to Getaround will help drive us forward in our mission to empower people to car share everywhere.”
“This is an exciting moment for our company, made possible by the incredible work of our founders and team,” said Nabobil CEO Even Heggernes. “Joining Getaround, the world’s leading car sharing platform, gives us the power to invest in keyless, connected car hardware and grow the Nordic organisation.”
Heggernes and the rest of the Nabobil team will join Getaround to continue current operations and oversee expansion in the region.
Getaround allows consumers to car share without the need to meet the car owner, carry an access card, or coordinate picking up a car key.
People share everything from a Prius to a Tesla and can earn thousands in extra income each year, offsetting the high cost of car ownership while also making a positive impact on the environment.
Headquartered in San Francisco, Getaround has thousands of cars available throughout major metropolitan areas across the U.S and Europe.
