Fluctuo raises €1.6 million from Statkraft Ventures and 574 Invest (SNCF Group)

fluctuo has just announced a €1.6 million fundraising round from Statkraft Ventures and 574 Invest, the investment fund of SNCF Group.

Fluctuo raises €1.6 million from                            Statkraft Ventures and 574 Invest (SNCF Group)

Fluctuo is a French startup specializing in the collection, processing and distribution of data on shared mobility services, including bikes, scooters, mopeds and cars. Since its creation in 2019, the company has positioned itself as a facilitator between shared mobility operators, and transport and tourism sectors.

Fluctuo’s mission is to promote the uptake of shared mobility services by making them more accessible through multiple digital platforms including apps, websites and journey planning dashboards.

In Europe, Fluctuo already works with around thirty shared mobility operators (Cityscoot, TIER, Dott, Voi, Share Now, etc.), transport aggregators (Free Now, SNCF e-Voyageurs, Cogo, etc.) and public transit operators.

The startup aims to use the funds raised to consolidate its position in the European market and expand into new mobility modes, such as transport on demand. This capital injection will also allow Fluctuo to integrate urban infrastructure data into its product offering (e.g. recharging stations, parking garages, etc.). The company plans around fifteen new hires in 2022, including data analysts and developers.

“Development of these new urban mobility services has accelerated since the start of the health crisis. At the end of 2021, there were over 500,000 shared vehicles available throughout Europe. At Fluctuo, we are proud to be helping players in this market make their services accessible to as many people as possible. We plan to use this latest round of financing to expand our product offering further, adding new capabilities and moving into new markets.”

— Julien Chamussy, CEO of Fluctuo

“As the venture capital unit of Statkraft, the largest renewables producer in Europe, we receive more than 1000 business plans per year and we typically invest in less than five. We are investing in Fluctuo because they are the dominant provider of business intelligence for the shared mobility industry in Europe, and because they have customers who already rely on Fluctuo’s products for both daily operations and strategic decisions. We’re convinced that Fluctuo will continue to be an important contributor to the ongoing revolution in shared mobility.”

Lars Odin Mellemseter, Managing Director of Statkraft Ventures

“Fluctuo’s offering aligns with SNCF Group’s focus on promoting intermodality and supporting the transition to greener mobility. SNCF Group was already working with Fluctuo through SNCF Connect & Tech, a subsidiary of SNCF Voyageurs, and today’s investment by 574 Invest will strengthen our partnership.”

Julien Nicolas, VP Digital of SNCF Group and President of 574 Invest

About Fluctuo

Fluctuo is Europe's leading aggregator of shared mobility data. We show operators and cities the bigger picture. Our team of mobility experts combine innovative data-collection methods with sophisticated algorithms to produce the most exhaustive and precise data on the market. Every day, we analyse 250+ services in 150+ cities, giving operators the means to improve the performance of their operations, and cities the opportunity to benchmark their mobility ecosystems.

Member of “Founders Program” at Station F (Paris) / Laureate of the Fédération Internationale de l’Automobile (FIA) “Smart Cities Prize” in April 2020

About Statkraft Ventures

Statkraft Ventures invests in energy-related start-ups and growth companies. The company has offices in Düsseldorf and Oslo, and is backed by Statkraft, the largest producer of renewable energy in Europe. Learn more.

About 574 Invest

574 Invest is the corporate venture capital arm of SNCF Group. It was created in 2019 to invest in Europe’s most innovative Mobility, Industry 4.0 and Greentech entrepreneurs. Beyond investments proper, it promotes the companies it invests in and develops commercial and strategic relationships with them. 574 Invest works closely with SNCF Group’s business units to foster commercial relationships with its portfolio startups and accelerate SNCF Group’s own projects. Learn more.