About Drive Inc.
Drive Inc. is a company based in Dublin (Ireland) founded in 2019 by Shane Ennis and Conor O'Boyle was acquired by ACV Auctions in August 2024. It operates as a Two-Sided Marketplace, and Mobility-as-a-Service. Drive Inc. offers products and services including TradeBid and Nevo. Drive Inc. operates in a competitive market with competitors including CarGurus, Copart, Cars Ireland, Carzone and Price My Car, among others.
- Headquarter Dublin, Ireland
- Founders Shane Ennis, Conor O'Boyle
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
ACV Auctions
(Aug 19, 2024)
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Products & Services of Drive Inc.
Drive Inc. offers a comprehensive portfolio of products and services, including TradeBid and Nevo. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for trading vehicles with transparency in Ireland.
A dedicated platform for transitioning to electric vehicle driving.
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Funding Insights of Drive Inc.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Drive Inc.
Drive Inc. has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ACV Auctions. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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B2B online auctions for car dealers' inventory are facilitated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Drive Inc.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Drive Inc.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Drive Inc. Comparisons
Competitors of Drive Inc.
Drive Inc. operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CarGurus, Copart, Cars Ireland, Carzone and Price My Car, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Automotive vehicle listings are managed via an app-based platform.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Operates an online classified portal for used cars.
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| domain | founded_year | HQ Location |
Online portal for buying and selling used and new cars
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| domain | founded_year | HQ Location |
Online platform for car appraisals, trade-ins, and dealer engagement.
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| domain | founded_year | HQ Location |
Offers used car sales, new vehicle leasing, finance, and servicing options.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Drive Inc.
When was Drive Inc. founded?
Drive Inc. was founded in 2019.
Where is Drive Inc. located?
Drive Inc. is headquartered in Dublin, Ireland.
What does Drive Inc. do?
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.
Who are the top competitors of Drive Inc.?
What products or services does Drive Inc. offer?
Drive Inc. offers TradeBid and Nevo.
Who are Drive Inc.'s investors?
Drive Inc. has 1 investor. Key investors include ACV Auctions.
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