The flexible car rental service has agreed to be acquired, having raised nearly $40m from investors including BP, Shell and Channel 4.
Automotive e-commerce platform developer Cazoo agreed yesterday to acquire Drover, a UK-based car subscription platform backed by television broadcaster Channel 4 and oil and gas suppliers Shell and BP, for an undisclosed amount.
Founded in 2016, Drover provides a monthly subscription service that allows users to rent cars over a period of one to 24 months. Its subscription fee also includes car maintenance, road tax and insurance coverage.
Cazoo is looking to leverage Drover’s expertise and contacts in the car…
