What happened to Drover?

Cazoo Trucks

Drover started in 2015 by Felix Leuschner and Matt Varughese. Their concept was simple, they wanted to offer a subscription product based on cars. An all-inclusive solution covering the vehicle, maintenance, tax and insurance.

In March 2018, Drover Limited received funding of £5.5 million from a wide range of investors including BP Ventures, Partech Ventures and Cherry Ventures, this was on top of a previous investment of £2 million.

The concept of the car subscription wasn’t a new idea, but Drover managed to put everything into an easy concept through its website and advertising. Drover did not own any of its vehicles, instead utilising vehicle suppliers and manufacturers such as BMW and MINI to provide vehicles for their platform and Drover applied a markup.

Cazoo Aqquires Drover

In December 2020, Cazoo, the online used car platform acquired Drover for an undisclosed sum. This gave Cazoo the platform to allow consumers to not only purchase and finance one of their available cars, but also to subscribe to it, if required.

More Information

Find out more information about Cazoo’s Car Subscriptions on our website and compare against other vehicle subscription providers easily and in one place.

Article Details

Post Published: November 25, 2021
Post Last Updated: November 25, 2021