Mobile Startup Vulog Secures $20 Million

Vulog announced the close of $20 million in Series B financing. Four investors contributed to the round: Frog Capital, Inven Capital, Bpifrance, and the Environmental Technologies Fund.

Vulog offers end-to-end solutions that enable mobility operators to launch large-scale car-sharing services. The company provides robust in-car technology that complies with today’s automotive standards, a back office that facilitates daily operations, and white-labeled mobile apps that offer a seamless and intuitive user experience. Vulog provides premium car-sharing technologies worldwide. Its clients include EVO in Vancouver, Communauto in Montréal, Autobleue in Nice, Green Mobility in Copenhagen, and Sayaraty in Dubai.

In its announcement, the company said the new funds will be used to strengthen its sales and marketing teams and further the development of its technology.