5 years ago

Drover Secures €22.6 Million to Scale Car Subscription Service

  • Drover, a European leader in car subscriptions, has secured €22.6 million in funding led by Target Global, RTP Global, and Autotech Ventures

  • The funding will be used to scale Drover's 'car-as-a-service' business across the UK and France, invest in its technology platform, and launch nationwide marketing campaigns

  • Drover's digital model allows customers to subscribe to a car for a duration of one month to two years, with everything included, without the need to take on debt

  • The company aims to disrupt the traditional car ownership model by offering a more flexible and convenient alternative.

      • ProblemTransportation

      "Buying a car is a complex and time-consuming process, involving lengthy credit checks, high upfront payments, and hours spent in dealerships. This makes it difficult for people to access car ownership, especially those who want a flexible and affordable option."

      Solution

      "Drover offers a car subscription service that allows customers to get a car for a monthly fee, with everything included, for a duration of one month to two years. This eliminates the need for upfront payments, credit checks, and dealership visits, making car ownership more accessible and convenient."

      Covered on