Vulog, a leading mobility platform provider, announced a significant year-end success with six new American, Chinese, and European carsharing projects launched in Q4. Over the last year, Vulog has launched projects with 12 shared mobility operations, bringing its technology to 25 total cities across five continents and powering over 15 million carsharing trips.
On the heels of these launches, the company forecasts that itstechnology will power 25 million trips globally in 2019.
“The expansion of our business has accelerated compared to 2017, as we reach close to 100% growth year over year,” Grégory Ducongé, CEO of Vulog, said in a statement. “We look forward to continuing to strengthen development in North America and China in 2019.”
Six main project launches in Q4 2018 must be highlighted:
Vulog’s platform powers Free2Move’s fleet of 600 free-floating cars in Washington, D.C. It is PSA Group’s first carsharing project in North America. At the 2018 L.A. Auto Show, Vulog announced it will be supporting Dashee, a shared rental service for 120 electric scooters in Miami. Another carsharing project on the East Coast is to be announced by the end of the year.
Vulog is supporting the deployment of Free2Move’s carsharing operations in Wuhan, in associationwith PSA Group and Dongfeng Motor Corporation. With 300 vehicles launched in October 2018, the group aims to quickly support more than 3,000 cars by 2019.
Vulog launched projects in two new European cities in Q4: 250 vehicles in Oslo with Green Mobility, its second free-floating carsharing city with the Danish company, and 300 vehicles in Stockholm with Aimo (Sumitomo Group). These launches cap a year full of new European deployments, with the addition of multiple large-scale fleets, including:
- 500 cars for Wible (operated by Kia Motors and Repsol) in Madrid
- 475 vehicles for MOL-Limo (MOL Group, Central and Eastern Europe largest oil and gascompany) in Budapest, Hungary
- 375 vehicles (cars and scooters) for Poppy (D’Ieteren, Benelux car distributor group) in Antwerp, Belgium
"In 2019, we will continue to invest heavily in R&D, focusing on data science and artificial intelligence proficiency to take our clients services to the next level in terms of end-user experience and fleet operations while preparing them to transition to shared autonomous mobility," Ducongé said.
Today, Vulog generates 90% of its commercial activity outside of France and has offices in Toronto, San Francisco, Shanghai, Paris, and Nice. The company was named to the Deloitte Technology Fast 500 EMEA, which recognizes the fastest growing companies over the past four years, and was also recently selected as a Tech Tour Growth 50 company, which identifies the 50 most promising European scale-ups with annual growth of more than 100% valued between $100 million and $1 billion.
"We want to enable an operator to launch any type of service with any type of vehicle in just a few months, not years," Alex Thibault, GM of Vulog North America, told Auto Rental News at the L.A. Auto Show.