About DriveNow
DriveNow is a Travel & Hospitality company based in Munchen (Germany) founded in 2011, and was acquired by BMW Group in January 2018. Self-drive car sharing is offered via app-based rentals. It operates in the Travel & Hospitality and Transportation, Automotive & Logistics sectors. Its focus areas include Consumer, Online Travel, Transportation and Car. Its competitors include TIER, Sixt and MILES Mobility; 2 of its 3 listed competitors have raised funding.
Company details
DriveNow was established in 2011 in Munich, Germany, as a joint venture between BMW, MINI, and Sixt in the car-sharing sector. Operations involve a one-time registration fee of 29 euros, with per-minute charging for usage. Petrol, insurance, parking tickets, and road tax are covered, without annual or monthly fees. Vehicles are located and booked through an app, and rentals can be ended by parking anywhere within the business area.
- Headquarters Munchen, Germany
- Stage Acquired
- SectorsTravel & HospitalityTransportation, Automotive & Logistics
- Phone•••• ••••
- Website drive-now.com
- Social LinkedIn X Facebook
- Acquired by BMW Group (Jan 2018)
Investors in DriveNow
DriveNow has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include BMW Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Automotive manufacturing company | 1916 | bmwgroup.com | Munich, Germany |
Investor details for DriveNow
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Timeline of DriveNow
2 dated milestones of DriveNow across 7 years, from founding to its latest funding, stage changes and deals.
- Founded DriveNow is founded.
- Exit Acquired by BMW Group.
Competitors of DriveNow
DriveNow has 3 listed competitors in our database, 2 of them funded. They include TIER, Sixt and MILES Mobility.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tier.app | 2018 | Berlin, Germany | $660M | Electric kick-scooters are rented through a mobile app platform. | ||
| sixt.com | 1912 | Munich, Germany | Rental cars and trucks are provided via an online platform. | |||
| miles-mobility.com | 2018 | Berlin, Germany | $5.68M | 120 | App-based dockless car rentals are facilitated in select German cities. |
Detailed competitors of DriveNow
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Web traffic of DriveNow
Websites that share an audience with DriveNow (drive-now.com).
Websites whose visitors overlap most with DriveNow. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
carsharing.net | carsharing.net | 100% | – | ||
carcoop.com.sg | carcoop.com.sg | 100% | – | ||
igocars.org | igocars.org | 100% | – | ||
| autohaus24.de | 91% | 144.1K | #290,174 | View details | |
icscarsharing.it | icscarsharing.it | 62% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for DriveNow
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Related news about Drivenow
Complete news archive for DriveNow
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Frequently Asked Questions about DriveNow
DriveNow was founded in 2011.
DriveNow is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Annual revenue of DriveNow is $50.05M as on Dec 31, 2023.
DriveNow was established in 2011 in Munich, Germany, as a joint venture between BMW, MINI, and Sixt in the car-sharing sector. Operations involve a one-time registration fee of 29 euros, with per-minute charging for usage. Petrol, insurance, parking tickets, and road tax are covered, without annual or monthly fees. Vehicles are located and booked through an app, and rentals can be ended by parking anywhere within the business area.
DriveNow's top competitors include Sixt, TIER and MILES Mobility.
DriveNow has 1 investor. Key investors include BMW Group.
Yes. DriveNow was acquired by BMW Group in January 2018.