SaaS flit2GO
SaaS flit2GO
Understanding the investment opportunity
Flit2Go is a technology company that offers B2B (Business to Business) services with a SaaS (Software as a Service) platform for the digitization and management of rental, sharing and fleet management companies for all types of vehicles.
Objective: after becoming a benchmark in the mobility technology sector in Spain, a sector that has been transforming in recent years, the next step is to consolidate the national market and approach more than 10,000 mobility companies offering mobility services in Europe. Businesses such as rental, sharing, leasing companies and automotive manufacturers and distributors are customers and potential customers that demand this type of technology.
Flit2go enables automotive companies immersed in the semiconductor crisis to maximize the profitability of their fleet (by creating vehicle rental, leasing and sharing services) by creating new lines of business that are transforming their sector and will be the only solutions in the future. The imminent tourist reactivation forces many companies to digitize their services, improve customer service by reducing waiting times, costs and automating vehicle management.
Flit2go technology enables companies to reduce their fleets by 35% and nearly 60% of their reservation and rental management costs, thus increasing their profitability. With 100% paperless processes.
13.2 billion euros: mobility is the program with more funds directly allocated by the European fund for Spain in the recovery plan. Are you going to be left out of such an attractive and relevant sector to invest? In addition, as digitalizing agents, our customers will be able to benefit from the Kit Digital aid from the Spanish government through the Next Generation funds with a purse of 3,067 million euros.
The biggest wave of Mobility-as-a-Service is still coming. Mobility startups have received twice as much venture capital investment as the next largest consumer vertical (food tech). But the big wave is still coming: the average household still spends overwhelmingly on car ownership: fuel, purchase, maintenance. The automotive industry is preparing for the current car ownership situation to be replaced by various mobility platforms. Source: dealroom.co (2022).
Commitment: Flit2go expects to become the global reference provider for mobility services companies through research and technological innovation, providing the solutions demanded by the market, and encouraging continuous improvement. In addition to the strengthening and growth of the internal team, where commitment and continuous improvement focused on the customer are cultivated.
Some of our reference customers are: Arval, Galp, Volvo, Iberdrola, Wyze, Invicta, Albacar.
Vehicles managed with Flit2go Technology by 2022: 8,000 vehicles.
INVESTMENT STAGE
MARKET
- enterprise-software
- sustainable-mobility
- applications
- (+2)
OFFICIAL WEBPAGE
SaaS flit2GO Team
CEO
Pablo Casañ Comin
CEO
CTO
Toni de Román Martinez
CTO
David Muñoz Tirado
BUSINESSANGEL
Climate-KIC
ACCELERATOR
Lanzadera
ACCELERATOR
Órbita
ACCELERATOR
Reasons to invest View more data
Market:
- Mobility is a booming sector. Within the European recovery plan, this sector is the one that receives the largest budget item of the funds allocated directly.
- Our customers and potential customers are in a very favorable scenario to undertake digitalization projects with Flit2go.
- Car rental companies. The rental car fleet in Spain alone is 800,000 units. (Source: Feneval, Spanish employers' association of rental companies), which means that reaching an eighth of this market would result in profits of 12,000,000 euros per year in this segment alone.
- Carsharing and motosharing sector
- Rental in micro mobility companies (mopeds, bicycles, scooters)
- Vehicle subscription companies
Competitive advantages:
- Flit2go is the only provider that can currently bring together all the solutions to the different market segments mentioned above.
- Flit2go's cost structure is more efficient because the integration and management of the platform and its modularity provides the possibility of "do it by your self". This feature is a great competitive advantage in terms of cost and price.
Business' KPIs:
- Multiplication x20 of the turnover for the fiscal year 2021 compared to the 3 previous years.
- Multiplication x10 of the number of customers in 2021 compared to the 3 previous years.
- Leading automotive multinationals and rental and sharing businesses currently use the service and manage their processes through our system. The technology is already developed and the value proposition is validated by the market.
- Technological capacity equivalent to that of large technology multinationals of similar activity, whose companies are valued at more than 100 million euros.
Community:
- +150 positive reviews on Google Business.
- A prospecting network of more than 4,000 companies subscribed to our Newsletter.
Team:
- Flit2go is founded by Pablo Casañ CEO and Antonio De Román CTO.
- 80% of the team focused on product development being 100% internal: Backend, Frontend and mobile development and internal Marketing and Sales team.
- Teamwork and wellness is cultivated resulting in a very high level of commitment.
Acknowledgements:
- Flit2go has participated and been mentored by:
- Lanzadera
- Climate-KIC
- Órbita Accelerator (CEEI de Castellón)
- Flit2go currently has a board of shareholders whose members represent high positions in the Spanish business community.
Objectives:
- This capital injection aims to position Flit2go as a SaaS company of national reference in the field of mobility and digitization, strengthening its position to address the international market.
- Development in R&D, collaborating with institutions, universities or technological institutes for the generation of innovative solutions and talent in areas such as digitization, AI (Artificial Intelligence) or the integration of the autonomous vehicle.
- Continue working on our business model and technology, which are susceptible to Exit and be acquired by large corporations or VCs.
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