Vulog announces its entry in the Chinese market, with a first contract signed and a new office in Shanghai

SHANGHAI, China – December 7, 2017 – On the occasion of the China Shared Mobility Summit, Vulog, the shared mobility technology provider powering services worldwide, announces its entry in the Chinese market. As China has committed to reducing pollution and has announced its intention of becoming a leader in electric vehicles and shared mobility, entering this market is the natural next step for Vulog, who can share its worldwide expertise with Chinese carsharing operators. The value Vulog can bring to the Chinese market has already resulted in a first contract signed with a Chinese automobile manufacturer. To meet the demand of this project and other planned developments, the company is also opening an office in Shanghai at the end of this year.

Vulog, which has developed a shared mobility platform that powers services on five different continents, partners with automobile manufacturers, car rental companies, start-ups, insurance providers, and others to launch large scale innovative shared mobility services. The technology company, known for its free-floating solution, provides a white-label app, back end management tools, individualized business intelligence insights, in-car technology and more for shared mobility operators. With offices already in Paris, Vancouver, and Nice, Vulog closed a $20M fundraising in August 2017, and simultaneously announced the opening of its first US office in San Francisco.

In its China office, located in Shanghai, Vulog will have a dedicated Business Development team and a technical team to deploy and support projects for its Chinese clients, both of which work in close collaboration with its teams in Europe and North America.

Known for its strong global presence in bikesharing, China is taking large strides in the carsharing market. To combat increasingly problematic pollution, China is striving to lead the renewable energy revolution, with already more than 40 percent investment in electric vehicles[1]. As this shift to electric vehicles and sustainable development takes shape, China is looking for innovative shared mobility solutions. Carsharing, in addition to bikesharing and scooter sharing, is the logical next step: a recent census concluded that the country has 300 million licensed drivers, and currently 100 million private cars[2].

Vulog’s first client in the market, a Chinese automobile manufacturer, plans to launch its first project in 2018. “We have received great feedback from Chinese mobility operators,” says Vulog CEO Gregory Ducongé. “While there are already a handful of local actors in the market, Vulog was chosen to power this mobility service because of our international experience. In addition, we can provide best practices based on our learnings from clients around the world, in order to make their carsharing services profitable and scalable.”

 

Press contact
Anneke Nelson
+33 6 89 23 04 30
anelson@vulog.com

 

About Vulog

Founded in 2006, Vulog is the world leader in shared mobility technology, offering a comprehensive SaaS platform that enables mobility operators to launch customizable shared services. The solution provides these operators with everything they need to power their service:

– the choice to either connect OEM embedded hardware or Vulog’s robust in-car technology designed for mobility operations to a powerful mobility platform;
– expert back-end management tools, including fleet management, a CRM, marketing tools, pricing, billing and payment modules;
– mobile apps for iOS and Android;
– a website designed to increase conversions;
– a rigorous data analytics solution to monitor the performance of the service.
 
Vulog partners with OEMs, car rental companies, start-ups, insurance providers, etc. Clients include carsharing operators in Europe and North America, such as Evo Car Share in Vancouver (1250 vehicles), emov in Madrid (600 vehicles) and GreenMobility in Copenhagen (450 vehicles). In the southern hemisphere, Vulog provides its solution to the all-electric Mevo in New Zealand and Urbano in São Paulo. www.vulog.com

 

 

[1] https://www.iea.org/weo2017/

[2] https://www.ft.com/content/6a25078c-7beb-11e7-9108-edda0bcbc928