Danish car-sharing platform GoMore has announced its acquisition of Getaround's European operations, a move that creates the continent's largest peer-to-peer vehicle-sharing network. The newly formed entity will serve over five million users across eleven European countries. This strategic consolidation marks a significant shift in the European mobility landscape, positioning a Danish company at the forefront of the industry.
A Strategic Consolidation in European Mobility
The merger unites two highly complementary players in the car-sharing market, following Getaround Inc.'s decision to sell its European arm. GoMore holds a dominant position in the Nordics and Spain, while Getaround Europe is the market leader in France and has a strong presence in Western Europe. This combination creates a unique and expansive network, bridging key regions from Scandinavia to the Mediterranean.
Beyond geographic reach, the companies bring together distinct operational expertise. Getaround contributes deep experience in connected car technology and business fleet solutions, while GoMore offers strong capabilities in long-term rentals and leasing services. This synergy enables the merged group to address a full spectrum of mobility use cases for diverse customers, from individuals to large businesses.
Financial Backing and Market Leadership
The acquisition was facilitated by a robust financing structure, although the price remains confidential. Funding was secured through a combination of equity, primarily from existing investors, and significant loan capital from Denmark's Export and Investment Fund (EIFO) and Nordea. This strong financial backing underscores investor confidence in the new entity's vision and its potential for sustained growth.
The scale of the combined operation establishes it as a clear market leader. The new group will manage a fleet of 70,000 active cars, including 18,000 with keyless technology, and is projected to handle 1.5 million rentals annually. With a combined net revenue of 400 million DKK, the profitable company is poised for significant financial performance and market expansion.
A Unified Vision and Leadership Structure
This partnership is driven by a shared ambition to reshape car ownership in Europe. Both organizations aim to tackle the underutilization of vehicles and the rising costs of ownership by promoting a sharing-first model. The merger is set to accelerate the transition towards more accessible and sustainable mobility ecosystems across the continent.
A joint executive team will guide the newly formed entity to ensure a seamless integration. GoMore founder Matias Møl Dalsgaard will assume the role of Group CEO, while Marie Reboul will lead Getaround’s European markets as General Manager. Thomas Christensen will oversee operational integration and performance across all markets as the new Group COO.
To further bolster its strategic direction, the company has welcomed Tim Albertsen to its board and investor circle. As the former CEO of Ayvens, the world's largest leasing company, his expertise is expected to be pivotal. His involvement signals a strong focus on strengthening and expanding private leasing services across the new group's markets.
The acquisition of Getaround Europe by GoMore represents a pivotal moment for the European shared mobility sector. This strategic union not only creates an undisputed market leader but also reinforces a powerful vision for a more sustainable transportation future. The combined entity is now uniquely positioned to scale its services and drive the widespread adoption of car sharing.