Partnerships / Acquisitions

Getaround Acquires Nabobil For $12M

Carsharing leader Getaround announced that it is expanding its global footprint with its $12 million acquisition of Nabobil.

Founded in 2015, Nabobil has built a strong user base in Norway. The acquisition will boost growth, and improve the user experience in the Nordic region through the integration of Getaround’s connected car technology.

“This is an exciting moment for our company, made possible by the incredible work of our founders and team,” said Nabobil CEO Even Heggernes, in a press release. “Joining Getaround, the world’s leading carsharing platform, gives us the power to invest in keyless, connected-car hardware, and grow the Nordic organization.”

Getaround, which launched the connected carsharing marketplace in 2013 with its Getaround Connect device, will now operate in seven European countries: Norway, France, Germany, Spain, Austria, Belgium and the U.K. The entire Nabobil team will join Getaround to continue operations and oversee expansion in the region.

“We are excited to welcome the Nabobil team to Getaround,” said Getaround Founder and CEO Sam Zaid. “We are building an exceptional global organization, and the tremendous experience, drive and values that the Nabobil team bring[s] to Getaround will help drive us forward in our mission to empower people to carshare everywhere.”

Christian Hager, Jacob Tveraabak and Karl Munthe-Kaas, representing the three original co-founders and the board of Nabobil, added, “We are very pleased that the world’s leading carsharing platform has acquired Nabobil — and that we will be part of Getaround‘s journey onward. We cannot imagine a better match, and, with the new solid owners, the access to capital for Nordic growth is ensured. For Nabobil’s customers, this secures better services and improved technology on a sustainable platform. This is a great recognition for Nabobil’s loyal users, employees and shareholders.”

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