Czech venture capital fund Miton has sold Driveto, an online platform for operational leasing, to its co-founder František Peterka and tibiQ Holding SE, a well-known player in the automotive industry. Both Peterka and tibiQ now hold equal 50% stakes in Driveto, as reported by Startup Kitchen.

About Driveto

  • Founded in 2017, Driveto aims to simplify and streamline the process of acquiring operational leasing for businesses and individuals. 

  • Over the past year, the company has made substantial changes, improving its management, streamlining operations, and shifting its focus to becoming a key player in operational leasing. 

  • The company has gradually transformed from a used car marketplace into a car rental company for flexible operational leasing. Today, the company has more than two thousand cars in its fleet.

“We used what Driveto was strongest in since its launch in 2017, namely sales, marketing, and process digitization, and in less than a year, we built Driveto into the number one in the field of operational leasing intermediaries,” comments František Peterka.

Details of the deal

Driveto was acquired by tibiQ Holding SE.

“Driveto has an exceptional ability to offer operational leasing online on the Czech market and an established brand that will remain, as well as Driveto’s independence. It will cooperate with tibiQ as one of the partners offering short-term and flexible operational leasing. It is therefore a strategic alliance,” states Karel Maroušek from tibiQ.

To further strengthen its position, Driveto has hired two experienced managers this year. Tomáš Pindur, with over a decade of experience from Drivalia, will manage key partnerships in leasing and dealerships, while Jan Jelínek, who has previous experience at Driveram and Carvago, will serve as the head of the store.

This year, Driveto aims to facilitate sales of over 3,000 cars through different financing methods.