Statkraft Ventures invests in fluctuo

19.01.2022 | news

fluctuo has just announced a €1.6 million fundraising round from Statkraft Ventures and 574 Invest, the investment fund of SNCF Group.

fluctuo is a French startup specializing in the collection, processing and distribution of data on shared mobility services, including bikes, scooters, mopeds and cars. Since its creation in 2019, the company has positioned itself as a facilitator between shared mobility operators on the one hand, and the transport and tourism sectors on the other. fluctuo’s mission is to promote the uptake of shared mobility services by making them more accessible through multiple digital platforms including apps, websites and journey planning dashboards.

In Europe, fluctuo already works with around thirty shared mobility operators (Cityscoot, TIER, Dott, Voi, Share Now, etc.), transport aggregators (Free Now, SNCF e-Voyageurs, Cogo, etc.) and public transit operators.

The startup aims to use the funds raised to consolidate its position in the European market and expand into new mobility modes, such as transport on demand. This capital injection will also allow fluctuo to integrate urban infrastructure data into its product offering (e.g. recharging stations, parking garages, etc.). The company plans around fifteen new hires in 2022, including data analysts and developers.

“Development of these new urban mobility services has accelerated since the start of the health crisis,” says Julien Chamussy, President of fluctuo, adding: “At the end of 2021, there were over 500,000 shared vehicles available throughout Europe. At fluctuo, we are proud to be helping players in this market make their services accessible to as many people as possible. We plan to use this latest round of financing to expand our product offering further, adding new capabilities and moving into new markets.”

Lars Odin Mellemseter, Managing Director of Statkraft Ventures, notes: “As the venture capital unit of Statkraft, the largest renewables producer in Europe, we receive more than 1000 business plans per year and we typically invest in less than five. We are investing in fluctuo because they are the dominant provider of business intelligence for the shared mobility industry in Europe, and because they have customers who already rely on fluctuo’s products for both daily operations and strategic decisions. We’re convinced that fluctuo will continue to be an important contributor to the ongoing revolution in shared mobility.”