GoMore Becomes Europe's Top Carsharing Platform

In a significant shift for the European mobility sector, Danish firm GoMore has finalized its acquisition of Getaround Europe, the continental operations of the US-based carsharing pioneer. This strategic move catapults GoMore to become the preeminent peer-to-peer carsharing platform across the continent, marking a notable instance of a European entity consolidating market leadership against international competitors.

The integration encompasses operations in eleven European nations, including Denmark, France, Germany, Austria, and Spain, among others. The combined entity now boasts a user base exceeding five million individuals and manages a fleet of approximately 70,000 active vehicles. Financially, the merged company reports substantial figures, with gross revenues surpassing €240 million and net revenues over €50 million. This consolidation is expected to streamline operations and enhance service offerings for a workforce of around 350 employees, facilitating an estimated 1.5 million rentals annually.

Matias Møl Dalsgaard, Founder and Group CEO of GoMore, highlighted the significance of this European-led consolidation. "It's a powerful statement when a European company shapes the carsharing market at this scale, typically we see the reverse dynamic," Dalsgaard commented. "This transaction establishes a robust, independent European player capable of competing effectively on a global stage." The acquisition is particularly noteworthy given the increasing fragmentation and competition within the shared mobility market, where efficiency and scale are critical for sustained growth.

For the Austrian market, this development signifies a renewed focus on European ownership. Paul Stegmüller, Head of GoMore Austria, anticipates aggressive expansion within the country. He pointed to underutilized private vehicle capacity, noting that over 90% of private cars in Austria sit idle for more than 90% of the time. GoMore plans to significantly broaden its service footprint beyond major cities, targeting suburban and rural areas to unlock untapped potential. Investment is also being channeled into the Vienna hub, with plans to expand the local team.

A key pillar of GoMore's growth strategy involves the expansion of its proprietary keyless technology. This innovation allows vehicle owners seamless digital access to their cars for rentals. Across the combined European network, roughly 18,000 vehicles are currently equipped with this technology. In Austria, GoMore aims to at least double its fleet of keyless-enabled vehicles within the next two years, enhancing convenience for both owners and renters. This technological advancement is crucial for optimizing operational efficiency and user experience in the competitive carsharing arena.

Existing users and partners of both GoMore and Getaround Europe will experience no immediate changes, with both platforms continuing to operate in parallel in Austria for the time being. The immediate focus for the integrated company is the technical consolidation of the platforms and the realization of operational synergies. The leadership structure remains under Matias Møl Dalsgaard as Group CEO, ensuring continuity and strategic direction.