The French alumni scaleup of the EIT Digital Accelerator, Vulog, has raised $20 Million to accelerate its growth and to open a first office in the United States. EIT Digital congratulates Vulog on its fundraising.
Public carsharing is a sector currently undergoing rapid growth. Vulog has built an operating platform that enables operators of carsharing services to launch large-scale carsharing services with fleets of over 250 vehicles. As a shared mobility technology provider Vulog powers some of the most successful services across four continents. It offers a comprehensive and customizable Software as a Service 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 robust in-car technology with a powerful mobility platform, provides expert back-end management for the operation of a service, and includes advanced data analytics tools. Clients have the freedom to personalize Vulog’s product to suit their needs, even by combining various mobility offerings together within a single service. Vulog’s technology currently powers over 10 million trips per year.
“We can offer our clients insights that no one else can, thanks to the experience accumulated by powering dozens of services for a number of years, including many electric vehicle (EV) services,” explains CEO Greg Ducongé. “The combination of our world-class software solution, our unique expertise, our optional hardware designed to enhance the mobility experience and our cutting-edge analytics module makes Vulog a one-of-a-kind partner for any operator in this fast-changing market.”
Since its inception in 2006, Vulog has focused on offering the industry’s best and most flexible technology to mobility operators. The founders’ vision of future mobility propelled the company to pursue not only free-floating solutions, for which Vulog is recognized as a global leader, but also a round trip carsharing platform that powers a dozen services today.