Ecov

Ecov

Offering a new public service to mesh the territories: carpooling lines that allow you to carpool like you take the bus. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€47—71m (Dealroom.co estimates May 2023.)
Company register number 808203467
Nantes Pays de la Loire (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2016201820192020202120222023
Revenues<1m<1m1.6m2.4m2.9m4.1m5.4m
% growth--291 %43 %22 %43 %32 %
EBITDA<1m-<1m----
% EBITDA margin1 %-9 %----
Profit<1m(<1m)(<1m)----
% profit margin7 %(155 %)(4 %)----
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DateInvestorsAmountRound

N/A

Spinout
N/A

€153k

Seed

€50.0k

Grant
*

€1.0m

Seed
N/A

€400k

Grant

€1.2m

Seed
N/A

€9.8m

Grant
N/A

€5.0m

Seed
N/A

€1.7m

Seed
N/A

$2.1m

Grant

€11.8m

Early VC
Total Funding€33.0m

Recent News about Ecov

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More about Ecovinfo icon
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Ecov.fr is a French startup that operates in the transportation sector, specifically focusing on carpooling services. The company's mission is to provide a reliable, economical, and accessible public service to its users. It targets two main types of clients: local authorities and businesses. For local authorities, Ecov.fr offers a new public service that can help to alleviate congestion, improve connectivity in poorly served areas, and provide a cost-effective transportation solution. For businesses, the company offers a mobility solution that can enhance their corporate social responsibility (CSR) efforts.

Ecov.fr's business model is based on the deployment of carpooling lines. Before setting up a line, the company's team of mobility experts and data scientists conduct a thorough analysis to determine the service's relevance and how it fits into the overall mobility system. This analysis is part of a broader study that aims to identify and coordinate all mobility solutions that meet the specific needs of a given area. This includes not only carpooling lines but also buses, solidarity transport, on-demand transport, planned carpooling, and bicycles.

The company generates revenue by charging for its services. Local authorities can use the Green Fund to co-finance a line, while businesses can finance a carpooling stop. In this way, Ecov.fr is able to provide a valuable service while also contributing to environmental sustainability.

Keywords: Carpooling, Transportation, Mobility Solutions, Local Authorities, Businesses, Corporate Social Responsibility, Data Analysis, Public Service, Environmental Sustainability, Green Fund.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Ecov

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ACQUISITION by Ecov Jul 2019