About Drive
Drive is a company based in Melbourne (Australia) founded in 2009 was acquired by Nine for Brands in September 2016. It operates as a Advertising Model, and Two-Sided Marketplace. Drive offers products and services including Car News and Reviews and Cars for Sale Marketplace. Drive operates in a competitive market with competitors including Drivetribe, Bitauto, Car Throttle, ZigWheels and Youcheyihou, among others.
- Headquarter Melbourne, Australia
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Sectors
Transportation, Automotive & LogisticsMedia & Entertainment
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Email
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Phone
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Website
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Social
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- Legal Name Drive.Com.Au
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Employee Count
Employee Count
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Acquired by
Nine for Brands
(Sep 02, 2016)
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Products & Services of Drive
Drive offers a comprehensive portfolio of products and services, including Car News and Reviews and Cars for Sale Marketplace. 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.
Car news and reviews are provided for consumers.
Platform for buying and selling cars is offered.
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Funding Insights of Drive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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
Drive has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Nine for Brands. 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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Branding and media services are provided to Australian clients.
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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
| 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
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Comparisons
Competitors of Drive
Drive 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 Drivetribe, Bitauto, Car Throttle, ZigWheels and Youcheyihou, 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 |
Digital media platform for motoring enthusiasts
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Auto-related information is provided via an online platform.
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Community platform for auto enthusiasts
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Online portal to find new and used car deals
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| domain | founded_year | HQ Location |
Mobile app for automobile information
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| domain | founded_year | HQ Location |
Car reviews and dealer price comparisons are facilitated online.
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Drive
Frequently Asked Questions about Drive
When was Drive founded?
Drive was founded in 2009.
Where is Drive located?
Drive is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
What does Drive do?
Comprehensive automotive news, expert reviews, and buying advice are delivered by Drive. A platform for buying and selling new and used cars is maintained, catering to a wide audience across Australia. Various guides on family cars, electric vehicles, and financing options are offered. The focus is placed on providing detailed ratings, specifications, and comparisons to assist consumers in making informed decisions within the automotive sector.
Who are the top competitors of Drive?
Drive's top competitors include Drivetribe, Bitauto and ZigWheels.
What products or services does Drive offer?
Drive offers Car News and Reviews and Cars for Sale Marketplace.
Who are Drive's investors?
Drive has 1 investor. Key investors include Nine for Brands.