March 19 2020In Deal, Venture capital

Nantes, May 05, 2020 – Ecovelo (Human concept SAS) closes a €2M financing round with Banque des Territoires, GO CAPITAL (via the fund OUEST VENTURES III) and Parthal. The operation is coupled with a bank debt raising of 1.3 M€. Thanks to this financing, the Nantes-based company, which designs and supplies innovative turnkey hybrid self-service bicycle solutions, intends to accelerate its development with local authorities and transport operators.

“We have found our customers, proven our value and our difference to better meet the needs of small and medium-sized communities. We have a reassuring business model and the right partners to support us in this adventure. We feel a certain urgency to deploy our solutions. This financing operation is in line with our strategy and consolidates our history, I am delighted.”

Sebastien BOURBOUSSON. CEO Ecovelo (Human Concept). May 2020