Capitalizing on the development of daily car sharing, Karos Mobility announced this Monday that it had raised €17 million from Ring Capital and Citizen Capital.
“In a context of high inflation and climate emergency, the daily car sharing market is growing very strongly and Karos wants to reinforce its leadership in the market,” explains the French company in a statement.
The objective of this record fundraising for Karos is to accelerate its R&D and strengthen its international activity.
10 million trips now in car sharing
“Since its creation, Karos Mobility has helped avoid 12,000 tons of CO2eq emissions and generated 46 million euros of purchasing power for our users. This important investment, made by two leading impact funds, confirms the social mission of shared use of the car, a vector of ecological transition and social inclusion”, comment Olivier Binet and Tristan Croiset, co-founders of the Karos Mobility group.
The company, which already has 10 million shared rides, is already profitable and also announces that it has “undertaken a major project aimed at changing its statutes, its governance and its organization to become a company with a mission.”
Carpooling is one of the government’s strategic levers to decarbonize transportation. Therefore, 2.2% of the total decarbonization effort between now and 2030 must come from vehicle sharing.
Source: BFM TV
