The Drive
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The Drive - overview
Established
2015
Location
New York, NY, US
Primary Industry
Media
About
The Drive is a leading automotive media platform delivering news, reviews, and cultural insights about the automotive industry, engaging a global audience of enthusiasts and professionals alike. Founded in 2015 by Alex Roy, Marsay Seymour, and Zeyad Hossam, The Drive operates from its headquarters in New York, US. In December 2018, Recurrent Ventures, Inc. , a portfolio company of North Equity, acquired The Drive, establishing it as the largest independent automotive media brand in the United States.
Zeyad Hossam currently serves as CEO of the company. The Drive specializes in automotive news, reviews, and cultural stories, offering comprehensive reporting on the latest developments in car technology, model reveals, and exclusive industry event coverage. The platform caters to automotive enthusiasts, potential buyers, and industry professionals, providing high-quality original content that addresses users' needs for reliable information on vehicle performance, trends, and market analysis across North America, Europe, and Asia. The company primarily generates revenue through audience engagement, leveraging advertising, partnerships, and affiliate marketing.
Brands collaborate with The Drive for targeted advertising and sponsored content, connecting directly with consumers. The business operates on a B2C model, offering premium automotive content that commands higher advertising rates, while affiliate links within articles generate additional revenue through commissions on referrals leading to purchases. The acquisition in December 2018 positions The Drive for significant growth, as it aims to expand its offerings and reach. Future initiatives may include launching new products focused on emerging automotive technologies and trends, targeting global markets for broader engagement.
The acquisition supports these strategies by enhancing its resources and capabilities, further solidifying its presence in the automotive media landscape.
Current Investors
Recurrent Ventures Inc.
Primary Industry
Media
Sub Industries
Information Services, Digital Media, Newspapers, Magazines & News Organizations
Website
www.thedrive.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
The Drive - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | The Drive | - |
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