Drivr raises €3M to help progressive taxi operators take on Uber

By Editor October 16, 2015

Drivr raises €3 m to help progressive taxi operators take on Uber

COPENHAGEN, Denmark, October 15, 2015. Drivr, the leading provider of technology for taxi and private hire companies today announced it has closed €3 million in additional funding. The funding round was led by new investor The Danish Growth Fund, with participation from existing investors. The new funding brings the total amount to €9m and will be used to further accelerate Drivr’s growth.

Drivr provides taxi and private hire companies with a complete system to operate and grow their businesses. It leverages state of the art technology to help the industry modernize and stay competitive. By working directly with the taxi industry and their existing infrastructure, instead of against it, Drivr stands out in the heated taxi app market.

CEO and co-founder of Drivr, Søren Halskov Nissen explains: “We work with the world’s most progressive transport companies, bringing them together in a global network that pushes for excellent service, safer transport, zero emissions and lower prices. We believe we can deliver a much better service by partnering with the best local operators around the world instead of working with non-licensed drivers in their own cars. We’re really excited to roll this network out at an increased pace with our new funding.”

Drivr’s enterprise solution went out of beta earlier this year, and already has a long line of operators queuing up to go live with the technology. It’s quickly becoming the preferred partner for forward-thinking operators around the world. This traction demonstrates that operators need new tools to remain competitive in a changing taxi industry. The largest green taxi firm in the United Kingdom, Phoenix Taxis, recently partnered with Drivr.

Managing Director Alex Hurst says: “We need the pinnacle of technology to take our business into the future. For example, the Drivr system integrates with our electric cars, allowing trips to be dispatched based on battery charge level. Drivr’s combination of technology, local marketing and global brand helps us grow. This is something that no other provider in the world has been able to offer.”

Drivr’s fleet partners get fully automated dispatching and the system directs their drivers to busy areas based on live demand data. Meanwhile, the passengers enjoy the easy-to-use app, and corporate clients get a complete set of tools to track and manage all their transport spending.

Drivr will use the investment to further strengthen its development team, accelerate growth across Scandinavia, UK and Ireland, Baltics and open up two new offices in Germany and Spain.

Ulrik Jørring, Vice President in The Danish Growth Fund venture team comments: “The Danish Growth Fund is very happy to have joined the ownership circle of Drivr. Drivr is an exciting company in a large market that is facing huge changes. The company is run by a very competent team with great leadership. Based on the impressive results they have attained in a very short period of time, we’re looking forward to the partnership and to be part of the growth the company will see in the coming years.”

About Drivr
Drivr is the leading provider of cloud-based technology for taxi and private hire operators. The company develops a complete suite of apps, dispatch systems, VOIP phone systems, payment processing and hardware solutions, as well integrated digital marketing tools and a global brand. The product suite allows its partners to improve their quality of service and efficiency, while offering convenient booking channels to both end users and corporate clients. Drivr is based in Copenhagen, with offices in Vilnius and Cambridge.

About The Danish Growth Fund
The Danish Growth Fund is the Danish state’s investment fund. They are an independent fund governed by an independent legal act and an independent board of directors. The Danish Growth Fund invests equity and provides loans and guarantees for small as well as medium-sized enterprises in collaboration with private partners and Danish financial institutions. Since 1992, The Danish Growth Fund has together with private investors co-financed growth in more than 5,000 Danish companies with a total commitment of more than DKK 12 billion.