30 aoû 17
Fil d'Actus

Vulog raises $20m and lands in U.S.

Shared mobility technology provider Vulog has raised $20 (€16.7) million in additional funding from historic investors Bpifrance (FR) and ETF Partners (UK), as well as from Frog Capital (UK) and Inven Capital (CZ). The money will help strengthen the company's sales and marketing teams, as well as further its technological development. 

Vulog's solutions combine OEM-embedded hardware with an online mobility platform. They enable mobility operators, including car manufacturers and rental companies, to launch and operate shared mobility services. These include free-floating, corporate, one-way station-based and round-trip carsharing, with various ride-hailing integrations. 

Customers can adapt and combine these services to suit their needs. Vulog technology currently powers over 10 million trips per year, across four continents. Customers include Evo Car Share in Vancouver (pictured), emov in Madrid, GreenMobility in Copenhagen and Urbano in Sao Paulo. 

Initial investment have fuelled 100% growth over the past year, and the new round of funding will allow Vulog to accelerate its operations in Asia and North America. The company has offices in Paris, Nice, Vancouver and Toronto. In September, it will open its first U.S. office, in San Francisco. 

 

Image: Evo Car Share

Authored by: Frank Jacobs