Europcar Group invests in Wanderio, an innovative multimodal start-up
Saint-Quentin en Yvelines, July 19, 2016
Europcar Group, the European leader in vehicle rental services and a major actor in mobility markets announced today its minority investment, through its Lab (its entity dedicated to innovation), in Wanderio, a multi modal search and comparison platform. It is a new step in the development of Europcar’s mobility strategy: from car rental to the Europcar Lab, it strives to offer future multi-modular solutions.
Wanderio is an Italian start up created in 2013. Its ambition is to simplify its customers’ life by offering them the best transport mean to go from point to point, with two main criteria: price and journey length. On the same platform, customers can compare, book and pay travels by plane, train, longue distance buses and airport transfers and now to come car rental offer.
With more than one million planned trips so far, Wanderio currently features connections to over 700 airports and more than 4.000 rail and bus stations. The Europcar investment will provide valuable support to further consolidate Wanderio coverage and presence across Europe.
Fabrizio Ruggiero, Head of Mobility and member of the Management Board stated: “We are very happy to enter in Wanderio’s capital through a round A investment. It is the first time the Lab invested in such company, as we see a great potential in their business model and their unique approach in comparing different means of transport. ”
Matteo Colò, CEO of Wanderio, commented: “We are thrilled to welcome the Europcar Group as a new strategic partner. This investment is an important endorsement of our vision and will enable us to accelerate Wanderio growth across Europe, expanding into new markets, and developing valuable synergies“.
About Europcar Group
Europcar shares (EUCAR) are listed on the Euronext Paris stock exchange. Europcar is the European leader in vehicle rental service and is also a major player in mobility markets. Active in more than 140 countries, Europcar serves customers through an extensive vehicle rental network comprised of its wholly-owned subsidiaries as well as sites operated by franchisees and partners. In addition to the Europcar® brand, the company offers low-cost vehicle rentals under the InterRent® brand. A commitment to customer satisfaction drives the company and its 6,000 people forward and provides the impetus for continuous development of new services. The Europcar Lab was created to respond to tomorrow’s mobility challenges through innovation and strategic investments, such as Ubeeqo and E-Car Club.
For more information on Europcar
For more information on Wanderio