The Niçois Vulog raises 8.4 million euros
Vulog, a French company that develops technology for B2B carsharing, has just raised 8.4 million euros from the Ecotechnologies Fund (managed by Bpifrance) and the London-based Environmental Technologies Fund.
Founded in 2006 by Georges Gallais and David Emsellem, two former engineers at Inria, Vulog develops management solutions for companies specializing in car sharing. It markets its offers to mobility operators, manufacturers and even fleet managers in Europe and North America.
The company has large accounts among its customers, including Veolia, Transdev and PSA Peugeot Citroën. Finally, Vulog estimates that the carsharing market should reach 600,000 cars and 30 million users by 2020. Based in Nice, the company has also opened offices in Paris and Vancouver (Canada).
While Vulog is positioning itself on a B2B offer, offers for individuals are multiplying. Tripndrive, Carnomise, OuiCar, for example attack the private market in general or more specifically travelers in airports. More directly opposite Vulog is Ubeeqo, acquired in January by Europcar, and which also offers the rental of company fleets.
The objectives of the Start-up
With this new investment, the company intends to expand internationally and continue to develop its technological platform. “We plan to double our workforce in 2016 to strengthen the business development and R&D teams. After opening offices in Paris and Vancouver, we plan to open two new offices in 2016, including one in Asia, where automobile saturation will quickly reach that of Western countries. This fundraising gives us the necessary means to deploy our solution on a global scale, ”said Georges Gallais, co-founder of Vulog.
Founders: Georges Gallais and David Emsellem
The head office : Nice
Offices: Paris and Vancouver
Market : carsharing software
Funding: 8.4 million euros raised in September 2015