FRCI et al. in €3.4m round for Mopeasy

According to Mopeasy, the funds will be invested in improving the functionality of its car-sharing website. In addition, the business is targeting new clients in the corporate segment, as well as urban and rural communities, housing associations and eco-neighbourhoods in France and abroad.

The company foresees rising interest in its car-sharing service in the coming months. As France hosts UN talks on climate change and emission curbing, the country's eco-mobility market is estimated to represent €800m in business.

The segment includes Europe-wide highlights such as BlaBlaCar, which reaped $200m from Insight Venture Partners and Lead Edge Capital during its series-D in September.

Mopeasy, which specialises in electric vehicles, saw a first institutional round in July 2013. The company was then backed by business angel platforms Investessor, Badge and FRCI, a co-investment fund set up by the Ile-de-France authorities and managed by local VC CapDécisif.

Company
Founded in 2010, Mopeasy runs an online platform offering electrical car-sharing services. The company works with both individual and corporate customers; its clients include Marne la Vallée University, Marseille's Olympique football team, housing associations and eco-district managers.

Headquartered in Neuilly-sur-Seine, outside of Paris, the business employs 15 staff nationwide and is also present in rural communities such as Tinchebray.

People
Caisse des Dépôts was represented by investment and local development director Gabrielle Gauthey. Bruno Flinois founded Mopeasy and is the company's current CEO.

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