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Ecosummit – October 16th 2013
Fabienne Herlaut Managing Partner
Inves0ng in Smart Mobility startups
Ecosummit – October 16th 2013
Ecomobilité Ventures: an innovative approach
Three leaders create an investment partnership dedicated to smart mobility:
§ Think tank: Shared vision, complementary expertise;
§ Access to open innovation;
§ 25M€ to invest in early stage companies, mostly in Europe;
§ Active minority shareholders;
Ecosummit – October 16th 2013
Investment scope
Ecosummit – October 16th 2013
Our achievements: 3 investments in 2012
BtoB carsharing operator (Norway)
Electric wheel for industrial handling devices
(France)
Peer-to-Peer carsharing webservice
(France)
Total investment: +/- 5M€
Ecosummit – October 16th 2013
§ Financing requirements are significant and will increase as market matures;
§ Access to financing is not enough, there is a need for scalable tes;ng fields;
§ Profitability comes from cri;cal mass and consolida;on;
§ Shared usage of cars converges to a unique market place including carsharing, ridesharing, taxis …
§ Private cars are becoming ”Private-‐Public”, fully integrated to public transporta;on networks;
§ The most valuable mobility is the one that can be avoided !
What I told you one year ago
Ecosummit – October 16th 2013
Google invests 258M$ in Über
Blablacar raised 10M€ from Accel, Isai…
Streetline raised 60M€ from Fontinalis (Bill Ford), Qualcomm, Citi, Sutter Hill…
Financing requirements are significant and will increase as market matures
25M€ invested in Hailo by Union Square, Richard Branson
OUR DEALFOW Average Financing need MARKET
Carpooling.com raised more than 10M€ from Earlybird, Daimler
(M€)
Ecosummit – October 16th 2013
Financing is not enough, startups need scalable testing fields
Ecosummit – October 16th 2013
Market concentration is starting
SCNF – Greencove/Ecolutis
Citizencar – Buzzcar (June 2013)
RelayRides – Wheelz (May 2013) Google – Waze ($1Bn)
Whipcar (March 2013)
Acquisitions by large groups Startups M&A Ceasing of activity
Avis – Zipcar ($1Bn)
Blablacar - Postoinauto.it (March 2012)
Better Place (May 2013)
Ecosummit – October 16th 2013
Shared usage of cars converges to a unique market place including carsharing, ridesharing, taxis….
Ridesharing & Instant Ridesharing
P2P Carsharing
P2P Park-sharing
On-demand taxis
There is no unique market place yet but collaborative consumption is an accelerator towards better mobility and fluidity:
Market saturation
Interest / prior success
Source: The Sharing Economy – Latitude - 2011
BEST OPPORTUNITIES
DONE WELL ALREADY
Ecosummit – October 16th 2013
Public transport can no longer sustain the growing mobility needs, new ini;a;ves break the gap between public and private transporta;on: § Carsharing solu0ons :
The historical split between public transporta@on and private cars is disappearing
§ Ridesharing & Instant ridesharing:
§ Buspooling &Vanpooling
§ On-‐demand taxis:
Ecosummit – October 16th 2013
The most valuable mobility is the one that can be avoided !
Business centers in railway stations
Coworking spaces P2P office-sharing
Teleworking
Ecosummit – October 16th 2013
Conclusion
Mobility is the right place to be ! both for startups and investors
Ecosummit – October 16th 2013
