"Normally, we see Danish companies being acquired by global giants. This time, a Danish company is leading the charge in a category as significant as car-sharing,"
"The merger creates Europe's largest P2P car-sharing platform, with operations in 11 countries, including Denmark, Sweden, Finland, Norway, France, Spain, Belgium, and Austria."
"The combined company boasts over 5 million users, 70,000 active shared cars, 18,000 vehicles with keyless technology and 1.5 million annual rentals. Gross revenue is reported as €240 million (DKK 1.8 billion) and €53 million (DKK 400 million) in net revenue. The company will have 300 employees."
"Both GoMore and Getaround Europe are profitable, and the merger is expected to unlock significant synergies, accelerating growth across existing and new markets."
GoMore acquired Getaround Europe, more than doubling its business and strengthening its position as Europe’s market leader in peer-to-peer car-sharing. The combined platform operates in 11 countries, including Denmark, Sweden, Finland, Norway, France, Spain, Belgium, and Austria. The merger creates Europe’s largest P2P car-sharing service, with over 5 million users, 70,000 active shared cars, and 18,000 keyless vehicles. The company reports 1.5 million annual rentals, €240 million gross revenue, and €53 million net revenue, with 300 employees. Both companies are profitable, and the deal is expected to generate synergies that accelerate growth. The shared mission focuses on reducing urban congestion by encouraging car-sharing instead of car ownership.
#peer-to-peer-car-sharing #european-mobility #mergers-and-acquisitions #keyless-vehicle-technology #urban-congestion-reduction
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