Drive Inc.

Dublin, Ireland Founded: 2019 • Age: 7 yrs Acquired By ACV Auctions
Cars are traded through an auction-based online marketplace.
Annual revenue - Latest available
Total funding - Funding intelligence
Employees - Tracked headcount
Investors 1 Known backers
Products 2 Services tracked
Competitors 7 Brand Intelligence

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
  • Sectors
    Transportation, Automotive & Logistics
  • Email
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  • Phone
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  • Website
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  • Social
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Operational Areas
Transportation, Automotive & Logistics → Automotive Retail, Aftermarket & Services Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    Not available
  • 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.

Product name locked
Category locked
Primary

A platform for trading vehicles with transparency in Ireland.

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A dedicated platform for transitioning to electric vehicle driving.

People of Drive Inc.

Headcount 10-50
Employee Profiles 7
Employee Profiles
People
Jorge Alcántara Chávez
Director Of Design
People
Fionn McGarvey
Group Marketing Lead
People
Liam Grimes
Director, Strategic Growth
People
Lyndon Leggate
Chief Technology Officer

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Funding Insights of Drive Inc.

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Detailed funding history for Drive Inc.

Round names, dates, amounts, investors, and valuation history require an active premium plan.

  • Round names and dates
  • Funding amounts
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  • Valuation history

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Investors in Drive Inc.

Drive Inc. has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ACV Auctions.

All
Institutional
Investor Description Founded Year Domain Location
B2B online auctions for car dealers' inventory are facilitated.
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Investor details for Drive Inc.

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Investments & Acquisitions by Drive Inc.

Investments
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Investment portfolio details for Drive Inc.

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  • Transaction dates
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Financial Statements - Drive Inc.

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Detailed financials for Drive Inc.

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  • Profit trends
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Drive Inc. Comparisons

Drive Inc. Primary company
Description
Cars are traded through an auction-based online marketplace.
Location
Dublin, Ireland
Founded Year
2019
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Drive Inc.

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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.

Company Name Domain Founded year HQ Location Description
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Automotive vehicle listings are managed via an app-based platform.
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Used and salvaged vehicles are offered via an online marketplace.
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Operates an online classified portal for used cars.
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Online portal for buying and selling used and new cars
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Online platform for car appraisals, trade-ins, and dealer engagement.
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Offers used car sales, new vehicle leasing, finance, and servicing options.
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Detailed competitors of Drive Inc.

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Latest news on Drive Inc.

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Complete news archive for Drive Inc.

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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.'s top competitors include CarGurus, Copart and Carzone.

Drive Inc. offers TradeBid and Nevo.

Drive Inc. has 1 investor. Key investors include ACV Auctions.

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