NewsRoom
11th October 2023
#DriveShare
DRIVE CO GROUP ACQUIRES DRIVESHARE, CREATING WORLD’S LARGEST CLASSIC CAR SHARING COMMUNITY
London, UK, 10 October 2023 - Drive Co, which owns and operates a group of companies, including BookAclassic, Vinty and Small Car Big City, acquired DriveShare, the peer-to-peer car sharing platform formerly owned by Hagerty (NYSE:HGTY), an automotive lifestyle brand and speciality insurance provider.
With this announcement, Drive Co moves into pole position as the world's largest online classic car sharing community, and brings all the companies within the Drive Co group under a single brand – DRIVESHARE.
The decision to acquire DriveShare aligns perfectly with Drive Co's commitment to providing the ‘complete package’ for classic car owners. With this expansion of their peer-to-peer car sharing offer – and the advanced technology of their platform – classic car enthusiasts can expect an enhanced and seamless experience under the new DRIVESHARE brand.
Hagerty made the strategic decision to divest DriveShare based on its business priorities – and knowing Drive Co's proven track record in the peer-to-peer car sharing space is the ideal platform to grow the community and ensure classic car enthusiasts can access an ever-expanding range of vehicles.
"At Drive Co, we are passionate about classic cars and the ecosystem that surrounds them," says Kent Mosbech, CEO of Drive Co. "The acquisition of DriveShare is a significant milestone and we are thrilled to continue delivering outstanding experiences to our community… and cement our position as the leader in this field."
This acquisition opens up new opportunities for classic car owners to connect with fellow enthusiasts, capitalise on their cherished vehicles and set off on unforgettable journeys. Drive Co's user-friendly platform not only empowers classic car owners to share their passion and monetise their assets, but contributes to the preservation of automotive heritage.
Drive Co now starts a process of integration with DriveShare throughout Q4, focusing on introducing the new DRIVESHARE branding and introducing exciting updates for the community. As part of this integration, Drive Co will temporarily suspend self-drive services across the group, as it collaborates with an insurance partner to streamline the classic car sharing experience. All existing bookings will be honoured and Drive Co will introduce a new self-drive product in the coming weeks.
Media enquires to: press@drive-co.com
24th June 2022
#Merger
DRIVECO UNITES CLASSIC CAR-SHARING RENTAL PLATFORM BOOKACLASSIC, VINTY AND CLASSIC CAR TOUR PROVIDER SMALL CAR BIG CITY
London, June 2022 – Small Car Big City has merged with classic car rental platform BookAclassic, to form part of a new parent company, DriveCo.
This new merger brings together a broad-ranging offer for classic car enthusiasts. BookAclassic recently joined with Vinty to become one, unified organisation. Their leading-edge P2P booking platform already works across 36 countries. Now with the addition of London-based Small Car Big City, bringing over a decade of expertise from 40,000+ customers in the UK capital, these connected companies can provide an expansive range of classics, event hire and experiential driving.
SCBC is now part of a global community, providing classic car experts and experiences that can cater to beginners and enthusiasts. DriveCo will have a broad offer for customers to hire vehicles dependent on local need, but with world-class customer service.
"We are hugely excited about the opportunities this new merger brings, allowing us to work with passionate classic car owners and operators around the world. By introducing BookAclassic and Vinty's customers to our classic-car focused experiences, we'll be expanding DriveCo's expertise. DriveCo will provide the very best driving experiences possible." - Robert Welch, Founder of smallcarBIGCITY & CXO of DriveCo
“BookAclassic and smallcarBIGCITY coming together promises exciting progression for both projects, with the fusion of experience, passion and expertise.” said Kent Mosbech CEO of DriveCo and BookAclassic.