e-Mobility | Avolta

Avolta is extremely proud to announce it advised Zenpark on its sale to Yespark.

About Zenpark

Zenpark is a pioneer in short-term booking while Yespark is the leading French platform for long-term parking. Both brands and platforms will continue to coexist under the common governance of Groupe Yespark, which establishes itself as the No. 1 digital parking operator in France and a major player in the French Tech mobility sector.

Founded in 2013, Zenpark has been developing expertise to meet urban parking needs, handling nearly a thousand parking space reservations daily. A pioneer in the sector, the platform has also implemented a shared parking solution for mixed-use parking facilities (residential, office, retail), particularly in new real estate developments such as the Smartseille eco-district and the Bergères district in Puteaux. Zenpark has also experienced strong growth in the hospitality sector, which now accounts for 20% of its business.

Profitable since its creation 11 years ago and experiencing strong growth (+35% per year), Yespark has become the leading reference for long-term parking, with over 40,000 subscribers using the service daily. Yespark also manages 80,000 parking spaces entrusted by social housing providers and commercial real estate players to optimize their vacantassets.

With the addition of Zenpark’s 20,000 spaces, Yespark now lists and connects 100,000 parking spaces across 6,000 parking facilities in over 700 cities in France, Italy, and Belgium. The entity addresses all motorists’ parking needs, from short-term to long-term stays, while also providing parking owners with optimization and digitalization solutions—serving a city that is increasingly mobile and sustainable.

Advising Zenpark in this sale sets another landmark for Avolta in the mobility space, confirming our leadership, having recently advised Vela (€40M financing led by Credit Mutuel Impact), Mecaware (€40M financing led by Credit Mutuel Innovation and BPI-SPI), Instant System (€8M financing led by Demeter) and Cityscoot (€160M total financing over 3 rounds).

Unseenlabs is the European leader in satellite borne electromagnetic monitoring and intelligence. Through its space-proven proprietary technology, the company is able to track from space all maritime traffic – especially ships – that have switched off their identification system and that are unseen to maritime authorities or private companies. The main focus is therefore to detect dark vessels usually operating illegal activities such as illegal fishing, trafficking or piracy. Since 2019, the company has launched 3 satellites and can offer global coverage to its public and private clients.

This €20m Series B is the largest European spacetech fundraise in 2021 to date, and will enable the company to accelerate its commercial deployment through the hiring of new sales staff and the opening of new geographic hubs. It will also allow the company to further deploy its satellite constellation in order to increase data availability and offer new use cases to its clients.

Established in 2014, Cityscoot has developed the #1 European urban network to share scooters in free-floating. Thanks to its unique fleet technology, users can park instantly on any location within the authorised area, requiring no park stations and no keys, and only paying for the minutes they use (starting at €0.20/min). Dedicated to daily rides, Cityscoot reinvents the urban mobility by offering a sustainable, smart and efficient alternative to public transport.

Allianz France, Cityscoot’s long-standing strategic partner and insurer, has joined forces with Demeter to conclude this round alongside the company’s historical shareholders, including the RATP Group and Caisse des Dépôts. This new capital raise aims to finance the opening of two new European cities in 2020 and to bring the fleet up to 8,000 electric scooters.

Since its launch in June 2016, 7,000 electric scooters have been gradually deployed in Paris and fifteen neighboring cities, in addition to Nice, Milan and Rome. In Paris, the service already attracted 180,000 users completing 15,000 to 25,000 trips daily. Barcelona will be the next European city to host the service, starting in May 2020.

18 months after its official launch, Cityscoot registers +200k rides per month in Paris and reached its 4-5 rides /scoot /day breakeven metric. This €40m Series B, led by RATP, via its branch RATP Capital Innovation, InVenture Partners and LeasePlan, along with historical shareholders, will fund the rollout of the service in new European cities. Cityscoot ambition by the end of the year is to open at least three new cities in 2018 and extend the fleet to 5,000 vehicles.

After 2 years of technical development, Cityscoot launched a beta test in Paris. With this €15m funding round, the company will officially launch its service in June 2016 by gradually deploying 1,600 scooters in Paris streets. This series A is a mix of equity and leasing: the equity round is led by Caisse des Dépôts and SD2P family office, along with 123 Investment Management and historical business angels, while the leasing round is led by LeasePlan, which sees in Cityscoot a long-term strategic partner for its activities.

Wedrive is specialized in car-sharing and car-pooling for home-work commutes. Its free mobile application is based on the principle of a local transport network, i.e. micro-communities of people making identical journeys every day. Using a virtual wallet of “credits”, the reservation is made in thirty seconds. Afterwards, the driver automatically receives 10 euro cents per km travelled per passenger. Unlike BlaBlaCar, the application does not charge commission and the sponsorship of new users also generates “credits”.

This partnership with PSA Peugeot Citroën will enable Wedrive’s service to be industrialized and launched in France before considering international deployment. It will make it possible to integrate Wedrive into other PSA Peugeot Citroën mobility offers, and eventually reach 50 million potential users in Europe.