Ecov

Overview
Shared Mobility?
Product stageSegments
Go-to-Market
?
Ride sharing
?

Ecov is a French startup specializing in real-time carpooling lines, aiming to transform private cars into a form of public transport. Founded by Thomas Matagne and Laure Ménétrier, the company focuses on providing carpooling solutions for daily commutes, particularly in peri-urban and rural areas with limited access to public transportation. Ecov's innovative approach involves setting up carpooling lines that function similarly to bus routes, with designated stops marked by LED panels displaying passenger destinations. This system allows for spontaneous carpooling without the need for advance booking, with an average waiting time of around four minutes on established networks.

Ecov works closely with local authorities and communities to implement these carpooling solutions. The company's technology includes roadside dynamic message signs, mobile applications, and SMS services to connect drivers with passengers. To ensure service reliability, Ecov guarantees alternative transportation (taxi or VTC) if a passenger doesn't find a driver within 15 minutes.

The startup's business model involves partnerships with local authorities and businesses, who often subsidize the service. Depending on the local authority, the service may be free or charged to users. Ecov's team comprises analysis engineers, road engineers, transport engineers, and marketing specialists who support behavior change initiatives and assist users in adopting the service.

Key customers and partnerships

Ecov has collaborated with numerous local authorities across France to implement its carpooling lines. Some notable examples include the line between Bourgoin-Jallieu and Lyon, which reportedly handles 2,500 trips per month with 200 drivers. The company has also established services in the Rennes metropolitan area, connecting satellite towns to the city.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
4 place francois II Nantes FRA
Founded year:
2014
Employees:
51-100
IPO status:
Private
Total funding:
USD 30.9 mn
Last Funding:
USD 13.0 mn (Series A; May 2023)
Last valuation:
-
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