After having advised Mobivia Group to acquire competitor CityzenCar in June 2013, allowing Mobivia’s subsidiary Buzzcar to consolidate its position in the peer-to-peer car rental company further, Natureo Finance now contributes to the acquisition of Buzzcar by Drivy. Natureo Finance also advised Mobivia Group in its participation in the capital increase of € 8 million in Drivy.
Christophe Rouvière, co-founder of Natureo Finance, says:“We are extremely pleased to have supported Buzzcar and Mobivia Group over the last three years. The sector is still in its infancy and we have contributed to the sector consolidation”.
Now Drivy has emerged as the world’s leading peer-to-peer car rental company and can rely upon first class investors, including strategic investor Mobivia Group (viaID), alongside BPI France, Index Ventures and Alven Capital.
Yann Marteil, member of Mobivia Group’s executive committee comments: “They are obvious synergies with Mobivia’s Group, in car maintenance businesses as in new services and we are quite excited to participatein the rapid emergence of a major player”.
Buzzcar CEO Nicolas Le Douarec also welcomes the merger: “In unity there is strength. The time has come for a genuine leader in our sector to emerge. Buzzcar’s 100,000 users, and 7,000 cars for rent as well as our team’s expertise and dedication are definite assets for Drivy to write the next chapter in peer-to-peer car rental.”