About TheDrive
TheDrive is a company based in New York (United States) founded in 2007 was acquired by North Equity in December 2018.. TheDrive has raised $6 million across 1 funding round from investors including North Equity. TheDrive offers products and services including Car News Website, Newsletter Service, and Merchandise Shop. TheDrive operates in a competitive market with competitors including Drivetribe, Bitauto, Car Throttle, ZigWheels and Tonit, among others.
- Headquarter New York, United States
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6 M (USD)
in 1 rounds
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Latest Funding Round
$6 M (USD), Series A
Oct 07, 2019
- Investors
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Employee Count
Employee Count
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Acquired by
North Equity
(Dec 18, 2018)
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Products & Services of TheDrive
TheDrive offers a comprehensive portfolio of products and services, including Car News Website, Newsletter Service, and Merchandise Shop. 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.
Online hub for automotive news and reviews
Email updates on car news and features
Platform for buying car-related merchandise
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Software Development Team
12 people
Leadership Team
1 people
General Team
1 people
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Funding Insights of TheDrive
TheDrive has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Series A round of $6 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $6.0M
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First Round
First Round
(07 Oct 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series A - TheDrive | Valuation |
investors |
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| 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 TheDrive
TheDrive has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include North Equity. 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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North Equity is focused on investing in AI innovation and transformation.
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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 TheDrive
| 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 - TheDrive
| 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 |
Thedrive Comparisons
Competitors of TheDrive
TheDrive 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 Tonit, 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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| domain | founded_year | HQ Location |
Auto-related information is provided via an online platform.
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| domain | founded_year | HQ Location |
Community platform for auto enthusiasts
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| domain | founded_year | HQ Location |
Online portal to find new and used car deals
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| domain | founded_year | HQ Location |
App-based networking platform for motorcycle enthusiasts is provided.
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| domain | founded_year | HQ Location |
Official website of monthly automobile magazine
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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 Thedrive
Frequently Asked Questions about TheDrive
When was TheDrive founded?
TheDrive was founded in 2007 and raised its 1st funding round 12 years after it was founded.
Where is TheDrive located?
TheDrive is headquartered in New York, United States. It is registered at New York, New York, United States.
Is TheDrive a funded company?
TheDrive is a funded company, having raised a total of $6M across 1 funding round to date. The company's 1st funding round was a Series A of $6M, raised on Oct 07, 2019.
What does TheDrive do?
TheDrive was founded in 2007 in New York, United States, and is owned and operated by Time, Inc. as a digital media portal focused on the automotive sector. Coverage is extended to motorcycles, cars, drones, airplanes, and automotive culture, including latest releases. Operations include content creation and distribution, with monetization achieved through display ads, banner ads, and sponsored content.
Who are the top competitors of TheDrive?
TheDrive's top competitors include Drivetribe, Bitauto and ZigWheels.
What products or services does TheDrive offer?
TheDrive offers Car News Website, Newsletter Service, and Merchandise Shop.
Who are TheDrive's investors?
TheDrive has 1 investor. Key investors include North Equity.