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]
| Company type | Privately held company |
|---|---|
| Industry | Automotive Industry |
| Founded | 2015 |
| Founder |
|
| Headquarters | London , UK |
| Services | Car Subscriptions |
Number of employees | 70 |
| Website | www.joindrover.com |
History
changeDrover 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
changeDrover 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
change- ↑ "UK Car Renting & Sharing: New movement in mobility". Retrieved 2018-07-02.
- ↑ Clawson, Trevor. "Want A New BMW? A UK Startup Says You Should Subscribe Rather Than Buy". Forbes. Retrieved 2018-06-27.
- ↑ "UK car subscription company Drover rides off with funding - PE Hub". PE Hub. 2018-03-15. Archived from the original on 2018-07-05. Retrieved 2018-06-27.
- ↑ "Drover gets £5.5m for its online car marketplace". UKTN (UK Tech News). 2018-03-15. 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". Car Dealer Magazine. 2018-04-11. Retrieved 2018-06-26.
- ↑ "The Future of Cars: Are flying vehicles just a sci-fi fantasy?". ISSN 0307-1235. 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". Fleet World. 2018-04-10. Retrieved 2018-06-27.
- ↑ "One in ten drivers may choose Netflix-style car subscription within decade". Sunday Times Driving. 2018-05-29. Retrieved 2018-06-27.