Vulog Launches Six Major Carsharing Projects in the U.S., China and Europe in Three Months

PARIS, Nov. 27, 2018  /PRNewswire/ -- Vulog (www.vulog.com), the world's leading mobility platform provider, announces significant end-of-year 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 its technology will power 25 million trips globally in 2019.

"We are thrilled with the success Vulog has experienced this year. The expansion of our business has accelerated compared to 2017, as we reach close to 100% growth year over year," said Grégory Ducongé, CEO of Vulog. "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:

United States
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. Vulog will soon be supporting Dashee, a shared rental service for 120 electric scooters in Miami, Florida. Another carsharing project on the East Coast is to be announced by the end of the year.

China
Vulog is supporting the deployment of Free2Move's carsharing operations in Wuhan, in association with 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.

Europe
Vulog launched projects in two new European cities in Q4: 250 vehicles in Oslo with GreenMobility, 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 & Eastern Europe largest oil & gas company) in Budapest;
• 375 vehicles (cars and scooters) for Poppy (D'Ieteren, Benelux car distributor group) in Antwerp.

Ducongé continues: "In 2018, we have truly seen carsharing become an essential component of the automotive industry transformation, with major manufacturers such as General Motors, PSA, Renault-Nissan-Mitsubishi, Toyota and Volkswagen all positioning themselves on the shared mobility market and preparing for the autonomous future. Vulog is proud to be a key player in this mobility revolution by partnering with OEMs and dozens of other companies at every step of their projects. We provide best-in-class technology, global expertise and an experienced team, which has grown from 60 to 100 employees this year. In 2019, we will continue to invest heavily in R&D, focusing on data science & 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."

Today, Vulog generates 90% of its commercial activity outside of France and it 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.

ABOUT VULOG
Vulog builds the technology solutions that power the most successful shared mobility businesses in the world. Free-floating, round-trip, peer-to-peer carsharing, ride-hailing and hybrid services, as well as autonomous mobility pilots, are powered by its smart and flexible SaaS mobility solution.

Vulog provides the framework and business intelligence to launch within 3 months in full confidence. It acts as the catalyst enabling mobility operators like Wible (Kia Motors), Free2Move (Groupe PSA), Aimo (Sumitomo) and Evo (BCAA) to focus on sustained growth and profitability.

The company's unique global footprint, combined with its Artificial Intelligence proficiency, enables it to anticipate end-user demand unlike any other, while optimizing fleet balancing. Every day, it brings mobility operators a bit closer to the future business of shared self-driving cars. For more information, visit www.vulog.com.

SOURCE Vulog

Related Links

http://www.vulog.com

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