Car sharing service provider Getaround has acquired Nabobil, a Norway-based peer-to-peer car renting service backed by vehicle dealership Bavaria Nordic, in deal worth $12m.
Founded in 2015, Nabobil operates an online platform and mobile app that allows more than 180,000 users rent a car for short trips around cities in Norway. The company offers a fleet of more than 7,000 cars, 20% of which are electric, and insurance cover is included in the fee.
Getaround now operate in seven European countries – Norway, France, Germany, Spain, Austria, Belgium and the UK – as well as the US. Nabobil will integrate Getaround’s technology as part of the deal, such as its Connect Device, which enables users to unlock cars with their smartphones.
In 2016, Nabobil raised $600,000 from a syndicate of undisclosed angle investors. Nine months later, Bavaria Nordic invested an additional $582,000 in Nabobil, before the company added $389,000 in January 2018 from undisclosed existing backers.