Drover (company)
Drover is a London based company that provides vehicle subscriptions Users pay a fee for the right to use a car with insurance, maintenance, tax, MOT and breakdown coverage. The can change vehicles during the subscription or to cancel their subscriptions.[1]
| Privately held company | |
| Industry | Automotive Industry |
| Founded | 2015 |
| Founder |
|
| Headquarters | London , UK |
| Services | Car Subscriptions |
Number of employees | 70 |
| Website | www.joindrover.com |
History
Drover was founded in late 2015 by Felix Leuschner,. Previously, he was CEO of a fashion platform Sylistpick and virtual goods market Gamegoods,[2] and Matt Varughese. They had seen that most of the efforts in changing mobility had been focused on how to get from A to B and that very little had been done around car ownership itself.[3]
In March, 2018 Drover got £5.5m from investors including BP Ventures, Partech Ventures and Cherry Ventures. This was on top of a £2m pre-seed investment.[4]
In April 2018, Drover partnered with BMW Group to provide BMW and Mini vehicles to their users.[5][6]
Service
Drover does not own any cars. it provides for vehicle subscriptions.[7][8] Users pay a monthly fee for a car. This includes insurance, breakdown coverage, maintenance tax and MOT. There are no long term commitments. This lets users change cars and upgrade, downgrade or cancel their subscriptions.[9] Felix Leuschner, CEO, says that by providing a better way of doing things , Drover will be able to improve the typical car purchasing experience.[10]
References
- ↑ UK Car Renting & Sharing: New movement in mobility. https://news.cgtn.com/news/786b544f32454464776c6d636a4e6e62684a4856/share_p.html. Retrieved 2018-07-02.
- ↑ Clawson, Trevor. "Want A New BMW? A UK Startup Says You Should Subscribe Rather Than Buy" (in en). Forbes. https://www.forbes.com/sites/trevorclawson/2018/04/12/want-a-new-bmw-a-uk-startup-wants-you-to-subscribe-rather-than-buy/#13f1b8256903. Retrieved 2018-06-27.
- ↑ "UK car subscription company Drover rides off with funding - PE Hub" (in en-US). PE Hub. 2018-03-15. https://www.pehub.com/2018/03/uk-car-subscription-company-drover-rides-off-funding/#. Retrieved 2018-06-27.
- ↑ "Drover gets £5.5m for its online car marketplace" (in en-GB). UKTN (UK Tech News). 2018-03-15. https://www.uktech.news/news/investment-news/drover-gets-5-5m-for-its-online-car-marketplace-20180315. Retrieved 2018-06-26.
- ↑ "Drover and BMW announce mobility partnership". www.fleetnews.co.uk. Archived from the original on 2018-05-06. Retrieved 2018-06-26.
- ↑ "BMW Group to offer cars on subscription basis with Drover - Car Dealer Magazine" (in en-US). Car Dealer Magazine. 2018-04-11. http://cardealermagazine.co.uk/publish/bmw-group-offer-cars-subscription-basis-drover/149107. Retrieved 2018-06-26.
- ↑ (in en-GB) The Future of Cars: Are flying vehicles just a sci-fi fantasy?. . https://technologyintelligence.podcast.telegraph.co.uk/e/the-future-of-cars/. Retrieved 2018-06-27.
- ↑ "Drover picks up £5.5M funding for its car subscription marketplace ñ TechCrunch". techcrunch.com. Retrieved 2018-06-27.
- ↑ "BMW and Mini enter car subscription sector" (in en-GB). Fleet World. 2018-04-10. https://fleetworld.co.uk/bmw-and-mini-enter-car-subscription-sector/. Retrieved 2018-06-27.
- ↑ "One in ten drivers may choose Netflix-style car subscription within decade" (in en-GB). Sunday Times Driving. 2018-05-29. https://www.driving.co.uk/news/one-ten-drivers-may-choose-netflix-style-car-subscription-within-decade/. Retrieved 2018-06-27.