NATUREO FINANCE ADVISES ECOV ON ITS 11.75M€ FUNDRAISING WITH ADEME INVESTISSEMENT, LA BANQUE DES TERRITOIRES, BNP PARIBAS AND MAIF IMPACT

19 May 2023

ECOV, the new-generation mobility operator which deploys and operates carpooling lines in rural and peri-urban areas, has risen 11.75 m€ with institutional impact investors to consolidate its sobriety economy model, continue its development and make the car a form of public transport.

The funds raised will help to accelerate the mobility transformation for local communities and the State and enable the solidarity and ecology transition outside city-centers with a focus on two main objectives:

To accelerate the deployment of carpooling lines to serve citizens in areas where there is not already access to quality public mobility services
To strengthen and maintain investment in R&D to successfully reinvent the road system

As a key carpooling player with real-time driver-passenger matching abilities, ECOV boasts unequaled performance when it comes to its non-reservation ride share service: 55 carpooling lines across 30 geographical areas with a passenger waiting time of under 4 minutes and a successful driver pick-up rate of over 98%.