covoiturage.fr, a Paris, France-based on line car-sharing service that allows individuals to share a trip by car, has raised €1.25m in funding.
The financing round was led by AISI, with participation from Spanish investor Luis Martin Cabiedes.
This new funds will enable the company to accelerate its strategic expansion in France and Spain.
Covoiturage.fr is rapidly growing its community, with over 600,000 members and more than 160,000 covoiturages per month.
In particular, the service enables individuals to share a short or a longer trip by car, with benefits for drivers, passengers and the environment, as well.
In particular, the driver has the opportunity to share fees and travel companions, the passenger has the chance to cut travel costs and enjoy a journey in areas poorly served by public transport.
For the environment, there is an advantage in terms of reduction of the carbon footprint produced by these travellers.