Neighbor car with record year – increased sales by 500 percent – E24

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2019 was a record year for the car sharing service, after they were swallowed up by the American car sharing giant Getaround.

ACQUISITIONS: Last year came the news that Getaround acquired Nabobil for more than NOK 100 million. From left: Nabobil CEO Even Heggernes, Getaround founder and CEO Sam Zaid and Nabobil’s technology manager and founder Christian Hager.

Sindre Hopland

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Last year, the Norwegian car-sharing service Nabobil received an income of NOK 45.57 million, a sharp increase from 2018 when they had a turnover of just over NOK 7.54 million.

The company was also able to report on profitable operations for the first time, after the annual results have shown a loss since its inception in 2015.

Last year, the company made a profit of NOK 18.92 million, a big jump from the loss of NOK 8.96 million in 2018.

The powerful blow comes after the American car-sharing giant Getaround bought Nabobil for 12 million dollars (112.56 million kroner at today’s exchange rate) last year to expand in the Nordic region.

Over 35 thousand have booked a car

– This has given us financial muscle to take our opening technology investment from the test phase to full rollout, says the general manager of Nabobil, Even Heggernes.

On September 8, Nabobil celebrated five years of car sharing. Since then, 250,000 profiles have been created in the service, 216,000 leases have been completed, and 7,500 cars have been registered.

– We now have over 800 cars that can be opened directly in our app. This has resulted in a significant increase in the use of the service, and more than 35,000 people booked a car one or more times on Nabobil during 2019, says Heggernes.

According to the accounts, Heggernes was paid a salary of NOK 1.45 million last year.

The operating profit ended at NOK 17.43 million in 2019, an increase from the previous year when the operating profit was negative by minus NOK 8.84 million.

Looking forward to the future

2020, on the other hand, has been a different year for the car sharing service, which says they were hit hard by the corona virus and the cabin ban in April. This, however, turned around when the summer season hit.

– The summer season has been all-time high by a good margin as Norwegians mostly vacationed domestically this year, says Heggernes, and adds.

– This summer we have paid over NOK 36 million to our landlords.

The general manager emphasizes that the ownership of Getaround has given them access to expertise that Nabobil has not had before.

– The synergies are enormous and make us very bright for the future. We have big plans for 2021 and are optimistic about our own ambitions, he says.

Going forward, Nabobil will continue to invest in keyless opening technology in Oslo and several of Norway’s major cities. In September, the company was able to report 750 keyless cars that had been registered with Nabobil.

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