About DriveERT
DriveERT is a company based in Portsmouth (United States) founded in 2011 was acquired by Abertis in November 2020.. DriveERT operates in a competitive market with competitors including Bestpass, tapNpay, Peach Pass, GoToll and NextPass, among others.
- Headquarter Portsmouth, United States
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Sectors
Financial Services
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Phone
*********
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Website
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Funding Insights of DriveERT
| 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 DriveERT
DriveERT has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Abertis and Manulife Wealth and Asset Management. 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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Manulife Wealth and Asset Management is engaged in providing investment and retirement solutions globally.
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Conglomerate company
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| 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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 DriveERT
| 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 - DriveERT
| 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 |
Driveert Comparisons
Competitors of DriveERT
DriveERT 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 Bestpass, tapNpay, Peach Pass, GoToll and NextPass, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Web-based solutions for toll payments and management are provided.
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| domain | founded_year | HQ Location |
Payment facilitator solutions for toll agencies
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| domain | founded_year | HQ Location |
Manages electronic toll passes and mobile app for Georgia drivers.
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| domain | founded_year | HQ Location |
Mobile app for easy, touch-free toll road payments and tracking.
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| domain | founded_year | HQ Location |
Serves as a toll payment solution for consumers.
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| domain | founded_year | HQ Location |
Offers cash reloadable toll stickers for managing highway toll accounts.
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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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Latest news on Driveert
Frequently Asked Questions about DriveERT
When was DriveERT founded?
DriveERT was founded in 2011.
Where is DriveERT located?
DriveERT is headquartered in Portsmouth, United States. It is registered at Portsmouth, Virginia, United States.
What does DriveERT do?
Online toll payment solutions for consumers. It features a Pay by Plate system, an alternate way to pay for tolls while traveling by using a photo capturing system that captures the license plate number and produces a statement with the transactions. Also offers E-ZPass, an electronic device mounted on a vehicle that is scanned on the toll plaza, and payment is automatically deducted from the consumers bank account.
Who are the top competitors of DriveERT?
Who are DriveERT's investors?
DriveERT has 2 investors. Key investors include Abertis, and Manulife Wealth and Asset Management.
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