Vulog receives €8.4m funding to expand car sharing technology development
Founded in 2006 by Georges Gallais and David Emsellem, the company had already raised €1.2m in 2013. Its solutions are equipped in over 2,000 vehicles worldwide, including 800 in France.
The company has also managed to break into the North American market in recent months, thanks to the technology of "free-floating", which enables car sharing without a prior reservation or station.
"This financing will allow us to continue the R&D and commercial development internationally with the opening of a subsidiary in 2016 in North America and one in Asia desk," said Georges Gallais, CEO. "Our goal is to manage a fleet of 3,500 vehicles in 2016 and to impose a world leader among independent actors in the sector.”
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