About Drive Inc.
Drive Inc. is a Transportation, Automotive & Logistics company based in Dublin (Ireland) founded in 2019 by Shane Ennis and Conor O'Boyle, and was acquired by ACV Auctions in August 2024. It operates as a cars are traded through an auction-based online marketplace. It operates on a Two-Sided Marketplace and Mobility-as-a-Service model. Drive Inc. offers products and services including TradeBid and Nevo. Its focus areas include Automotive, Technology and Digital Platforms. Its competitors include CarGurus, Copart, Cars Ireland, Carzone and Price My Car and 2 more; 1 of its 7 listed competitors has raised funding.
Company details
Drive Inc. is engaged in developing next-generation automotive technology solutions in Ireland and beyond. The company operates in the automotive sector, providing digital platforms like TradeBid, a marketplace for vehicle trading, and Nevo, a dedicated electric vehicle platform. Their solutions aim to connect consumers with dealerships and facilitate seamless transitions to electric driving through informed decision-making and tailored vehicle recommendations.
- Headquarters Dublin, Ireland
- Founders Shane Ennis, Conor O'Boyle
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website driveinc.ie
- Social LinkedIn X
- Acquired by ACV Auctions (Aug 2024)
- Investors
- Acquired byACV Auctions
(Aug 2024)
Products & Services of Drive Inc.
Drive Inc. offers a comprehensive portfolio of products and services, including TradeBid and Nevo.
A platform for trading vehicles with transparency in Ireland.
A dedicated platform for transitioning to electric vehicle driving.
Investors in Drive Inc.
Drive Inc. has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ACV Auctions.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
B2B online auctions for car dealers' inventory are facilitated. | 2014 | acvauctions.com | Buffalo, United States |
Investor details for Drive Inc.
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People of Drive Inc.
8 people are tracked at Drive Inc. (5 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Shane Ennis | Co-Founder | Leadership |
Conor O'Boyle | Co-Founder | Leadership |
Jorge Alcántara Chávez | Director Of Design | Leadership |
Liam Grimes | Director, Strategic Growth | Leadership |
Lyndon Leggate | Chief Technology Officer | Leadership |
Fionn McGarvey | Group Marketing Lead | Team |
Sean Reynolds | Data Lead | Team |
Neil Finlay | Financial Controller | Team |
Complete people profiles for Drive Inc.
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Drive Inc.
2 dated milestones of Drive Inc. across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Drive Inc. is founded.
- Exit Acquired by ACV Auctions.
Competitors of Drive Inc.
Drive Inc. has 7 listed competitors in our database, 1 of them funded. They include CarGurus, Copart, Cars Ireland, Carzone and Price My Car, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cargurus.com | 2006 | Cambridge, United States | $1.75M | 843 | Automotive vehicle listings are managed via an app-based platform. | |
| copart.com | 1982 | Dallas, United States | – | 10,200 | Used and salvaged vehicles are offered via an online marketplace. | |
| carsireland.ie | 2005 | Dublin, Ireland | – | – | Operates an online classified portal for used cars. | |
| carzone.ie | 1998 | Dublin, Ireland | – | – | Online portal for buying and selling used and new cars | |
| pricemycar.net | 2018 | Galway, Ireland | – | – | Online platform for car appraisals, trade-ins, and dealer engagement. | |
| zucar.ie | 2019 | Cork, Ireland | – | – | Offers used car sales, new vehicle leasing, finance, and servicing options. | |
| carito.com | 2003 | Dublin, Ireland | – | – | Operates a digital platform for buying and selling used cars efficiently. |
Detailed competitors of Drive Inc.
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Top companies in Automotive Retail & Aftersales
10 companies that operate in the same segment as Drive Inc. (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.85 B | – | 11 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,381 |
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Frequently Asked Questions about Drive Inc.
Drive Inc. was founded in 2019.
Drive Inc. is headquartered in Dublin, Ireland.
Drive Inc. is engaged in developing next-generation automotive technology solutions in Ireland and beyond. The company operates in the automotive sector, providing digital platforms like TradeBid, a marketplace for vehicle trading, and Nevo, a dedicated electric vehicle platform. Their solutions aim to connect consumers with dealerships and facilitate seamless transitions to electric driving through informed decision-making and tailored vehicle recommendations.
Drive Inc. offers TradeBid and Nevo.
Drive Inc. has 1 investor. Key investors include ACV Auctions.
Yes. Drive Inc. was acquired by ACV Auctions in August 2024.