About Ecov
Ecov is a company based in Paris (France) founded in 2014 by Thomas Matagne and Arnaud Bouffard.. Ecov has raised $12.95 million across 3 funding rounds from investors including BNP Paribas, Maif and European Union. Ecov has completed 1 acquisition, including OuiHop. Ecov offers products and services including Covoit’Go, Lane, and Star’t. Ecov operates in a competitive market with competitors including EV Mobility, Advance Mobility, CovEvent, CANGO Mobility and Karos, among others.
- Headquarter Paris, France
- Founders Thomas Matagne, Arnaud Bouffard
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.95 M (USD)
in 3 rounds
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Latest Funding Round
$12.89 M (USD), Series A
May 10, 2023
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Investors
BNP Paribas
& 5 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Ecov
Ecov offers a comprehensive portfolio of products and services, including Covoit’Go, Lane, and Star’t. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Express carpooling for daily commutes with short wait times
Regional shared transport system for urban and rural routes
Instant carpooling lines for accessible mobility services
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Funding Insights of Ecov
Ecov has successfully raised a total of $12.95M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $12.89 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $12.9M
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First Round
First Round
(01 Mar 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series A - Ecov | Valuation |
investors |
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| Aug, 2017 | Amount | Seed - Ecov | Valuation | EIC Fund |
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| Mar, 2017 | Amount | Grant - Ecov | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ecov
Ecov has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include BNP Paribas, Maif and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Legal and finance advisory services are provided to clients.
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Founded Year | Domain | Location | |
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Banking & financial service provider
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ecov
Ecov has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include OuiHop. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Carpooling app for daily commutes with social and environmental vocations
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ecov
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ecov Comparisons
Competitors of Ecov
Ecov operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EV Mobility, Advance Mobility, CovEvent, CANGO Mobility and Karos, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric car-sharing services are provided for residential properties.
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| domain | founded_year | HQ Location |
Car rental services are provided to customers in urban areas.
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| domain | founded_year | HQ Location |
White-label carpooling software is offered for events and businesses.
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| domain | founded_year | HQ Location |
Offers software for real-time vehicle data, fleet efficiency, and telematics integration services.
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| domain | founded_year | HQ Location |
Car-pooling services are facilitated by an AI-enabled platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ecov
Frequently Asked Questions about Ecov
When was Ecov founded?
Ecov was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Ecov located?
Ecov is headquartered in Paris, France.
Is Ecov a funded company?
Ecov is a funded company, having raised a total of $12.95M across 3 funding rounds to date. The company's 1st funding round was a Grant of $52.5K, raised on Mar 01, 2017.
What does Ecov do?
Ecov was founded in 2014 in Paris, France, within the mobility sector. Products and services are developed to support public carpooling systems for municipalities and companies. Ridesharing infrastructure is enhanced through the COVOIT solution, which consists of interconnected terminals linked to apps and a website. Users are enabled to register, inquire, pay, and submit carpooling requests across this network.
Who are the top competitors of Ecov?
Ecov's top competitors include Karos, Advance Mobility and EV Mobility.
What products or services does Ecov offer?
Ecov offers Covoit’Go, Lane, and Star’t.
How many acquisitions has Ecov made?
Ecov has made 1 acquisition, including OuiHop.
Who are Ecov's investors?
Ecov has 6 investors. Key investors include BNP Paribas, Maif, European Union, Banque des Territoires, and ADEME Investissement.