Paris-based Beev has raised $3.2m in a fresh funding round. Investors include Founders Future and the Île-de-France Region’s seed fund, the Paris Region Venture Fund.
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The start-up’s mission is to accelerate the electrification of company vehicle fleets. It offers a variety of services – including charging stations and financial packages – and sees itself as an innovator that can develop an EV ecosystem that helps fleets to accelerate their transition to operating more EVs.
According to GlobalData’s deals database, the start-up has already supported groups such as Veolia, Cuisinella, Burger King and La Croix Rouge.
Beev aims to create a benchmark platform for the electrification of vehicle fleets.
The fundraising will allow the start-up to strengthen its current team of around thirty people in order to support its growth, its international expansion, and continue to innovate.
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By GlobalDataThe new money will also allow the company to complete its leasing offer with LOA (rental with option to purchase) in addition to LLD (long-term rental), but also to extend its installation offer for terminals, charging in companies and among employees (Beev Care). Beev will offer a new service intended for fleet managers to promote cost optimization and maintenance of their vehicle fleet by a fleet manager.
Beev has already supported more than 2,000 customers such as Burger King, Cuisinella, Unesco, Veolia, La Croix Rouge as well as municipalities, hospitals and logistics sites, in their choice of electric vehicles and the installation of charging stations.
Solal Botbol, co-founder of Beev, said: “This fundraising will allow us to put more electric vehicles on the road and more charging stations in companies and employees’ homes thanks to our 360° solution. To date , Beev has already saved more than 10,000 tonnes of C02, or 10,000 round trips from Paris to New York by plane.”
Deal Rationale
The fundraising will allow Beev to strengthen its current team, support its growth, its international expansion, and continue to innovate. It will also allow the company to complete its leasing offer with LOA (rental with option to purchase) in addition to LLD (long-term rental), and to extend its installation offer for charging terminals in companies and among employees.
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