About Drivit
Drivit is a company based in Lisbon (Portugal) founded in 2015 was acquired by Zego in December 2020.. Drivit offers products and services including Drivit Technology and White-Label Solution. Drivit operates in a competitive market with competitors including GoFar, CaRPM, Carly, Carmen Automotive and AutoWiz, among others.
- Headquarter Lisbon, Portugal
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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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Products & Services of Drivit
Drivit offers a comprehensive portfolio of products and services, including Drivit Technology and White-Label Solution. 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.
Smartphone app for recording and analyzing driving trips accurately.
Customizable mobility features for business applications.
Funding Insights of Drivit
| 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 Drivit
Drivit has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Zego. 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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Motor insurance is provided for personal and work driving.
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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 Drivit
| 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 - Drivit
| 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 |
Drivit Comparisons
Competitors of Drivit
Drivit 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 GoFar, CaRPM, Carly, Carmen Automotive and AutoWiz, 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 |
Vehicle monitoring is enabled by OBD devices and mobile apps.
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| domain | founded_year | HQ Location |
Car performance is monitored using OBD-II technology for real-time data.
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| domain | founded_year | HQ Location |
OBDII adapters and apps for vehicle diagnostics are offered.
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| domain | founded_year | HQ Location |
Provider of a smart device to monitor car performance
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| domain | founded_year | HQ Location |
Connected vehicle data analytics platform and applications are provided.
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| domain | founded_year | HQ Location |
Vehicle tracking device offering location, safety, and health monitoring features.
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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 Drivit
When was Drivit founded?
Drivit was founded in 2015.
Where is Drivit located?
Drivit is headquartered in Lisbon, Portugal.
What does Drivit do?
Drivit provides vehicle diagnosis and smartphone-based vehicle driving analytics solutions. It uses an OBDII device (compatible with most vehicles made after 1996) and a smartphone app to provide vehicle analytics solutions such as tracking, recording trips, checking fuel consumption, driving style (hard braking, rapid acceleration or deceleration), etc. As of early December 2016, Drivit is still in beta mode. The smartphone app is available on Android PlayStore and the services of the company are available only in Portugal. The Drivit smartphone app is device agnostic - works with multiple OBDII devices including, OBD Link LX, VGate iCar2 or any other Bluetooth enabled OBDII device. Drivit does not directly sell the OBDII device and it could be bought from third party sources. The smartphone app is free.
Who are the top competitors of Drivit?
Drivit's top competitors include GoFar, CaRPM and Carmen Automotive.
What products or services does Drivit offer?
Drivit offers Drivit Technology and White-Label Solution.
Who are Drivit's investors?
Drivit has 1 investor. Key investors include Zego.
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