The French private company Le Train, which wants to open high-speed links in western France in 2025, announced Monday that it had recruited 8 million euros of new partners.
Le Train welcomed the arrival of four new players in the project after the banks Crédit Mutuel Arkéa and Crédit Agricole Charente-Périgord, the first to invest in the capital in May 2022.
“This fundraising allows financing Le Train’s information systems”, in particular the reservation systems, “and the launch of the on-board, driving and commercial team training plan,” the company welcomed in a statement.
New TGVs ordered from Talgo
Le Train also announced the launch of a new funding round in the second half of 2023 to recruit and start pre-operations.
The investors are Aquiti Gestion, a company that finances start-ups and SMEs in New Aquitaine, Charente Périgord Expension, a subsidiary of Crédit Agricole and NACO, an investment fund for the New Aquitaine region, and local entrepreneurs.
Born in the Charente in 2020, the company wants to “exploit intra- and inter-regional high-speed traffic from the Great West” to connect the metropolises of Bordeaux, Rennes, Nantes and Tours, the large agglomerations of Poitiers, Angoulême and Angers and the cities coasts of La Rochelle and Arcachon.
In January, it announced the order for ten high-speed trains from the Spanish railway manufacturer Talgo, for around 300 million euros, with the aim of putting them into circulation in France in 2025.
Source: BFM TV
