Vulog, a shared mobility technology provider powering services across 4 continents, raised $20m in Series B funding.
Backers included Frog Capital (UK), Inven Capital (Czech Republic), as well as historic investors Bpifrance (France) and ETF Partners (UK).
The funds will be used to strengthen the company’s leadership in the mobility space, both to grow its sales and marketing teams and further the development of its technology.
Led by CEO Greg Ducongé, Vulog offers a comprehensive and customizable SaaS solution that enables mobility operators — such as car rental companies, car manufacturers or any other corporation, whether a startup or global group — to launch and operate shared mobility services, including free-floating, corporate, one-way station-based and round-trip carsharing, with various ride-hailing integrations.
The solution connects OEM embedded hardware or Vulog’s in-car technology with a mobility platform, expert back-end management for the operation of a service, and advanced data analytics tools.
Clients include Evo Car Share in Vancouver (the largest independent free-floating operator in North America with 1250 vehicles), the emov in Madrid (550 vehicles) and GreenMobility in Copenhagen (450 vehicles), as well as Mevo in New Zealand and Urbano in São Paolo, among others.
Currently, the company has offices in Paris, Nice, Vancouver, and Toronto, and is opening its first US office in San Francisco, California, in September.
FinSMEs
30/08/2017