Vulog receives €8.4m funding to expand car sharing technology development

By / 9 years ago / News / No Comments

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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Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.

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