Mobivia has exited app-based car rental service Drivy, which has been bought by US peer Getaround for $300m, creating a business with more than 5 million users.

Car sharing service provider Getaround acquired France-based car rental marketplace Drivy yesterday in a $300m transaction that allowed car repair services provider Mobivia to exit.

Founded in 2010, Drivy runs a peer-to-peer car rental platform with roughly 2.5 million users across France, Germany, Spain, Austria, Belgium and the UK which enables users to book a vehicle on the platform and unlock it with an app on their smartphone.

The merged company will have more than 5 million users altogether, across…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.