Drive Co, a London, UK-based provider of a platform for classic car enthusiasts, acquired DriveShare, the peer-to-peer car sharing platform formerly owned by Hagerty (NYSE:HGTY), an automotive lifestyle brand and speciality insurance provider.
The amount of the deal was not disclosed.
DriveShare is a peer-to-peer car sharing platform that connects classic car enthusiasts with iconic vehicles. Classic car owners can share their vehicles and earn extra income, while enthusiasts get the chance to to drive legendary cars.
Led by CEO Kent Mosbech, Drive Co is a global platform for classic car enthusiasts. It provides an ecosystem that brings together a sharing economy model with community, private hire, events, photo shoots, guided tours and driving experiences. Drive Co owns and operates a group of companies, including BookAclassic, Vinty and Small Car Big City.
With this announcement, Drive Co brings all the companies within the Drive Co group under a single brand – DRIVESHARE.
FinSMEs
12/10/2023