hlpy Accelerates Growth with €18 Million Funding and Strategic Acquisition
September 27, 2024, 6:42 am
In the fast-paced world of mobility, hlpy is making waves. The Milan-based company has just secured €18 million in Series B funding. This capital injection is not just a financial boost; it’s a launchpad for ambitious growth. hlpy specializes in full digital services for vehicle assistance. With this new funding, it aims to expand its footprint across Europe.
The funding round was co-led by Nextalia SGR and Alkemia Capital SGR. Major players like The Techshop SGR and CDP Venture Capital also joined the fray. The investment consists of 80% capital increase and 20% long-term financing. This mix provides a solid foundation for hlpy’s future endeavors.
But the funding is only part of the story. hlpy is also making headlines with its acquisition of HESA Solutions GmbH, known as MySchleppApp. This German company is a leader in digital roadside assistance. The acquisition is a strategic move, allowing hlpy to strengthen its position in key European markets, including Germany and Austria.
Founded in May 2020, hlpy has quickly established itself as a player in the vehicle assistance sector. The company has handled over 550,000 assistance requests since its inception. This impressive track record showcases its rapid growth and the demand for its services. The acquisition of MySchleppApp is expected to triple hlpy’s volumes for the fiscal year 2023. This is not just growth; it’s exponential growth.
The integration of MySchleppApp will enhance hlpy’s service offerings. The company will now provide a comprehensive suite of services, including assistance, repair, and vehicle maintenance. All of this is powered by advanced technology, including machine learning and artificial intelligence. This tech-driven approach sets hlpy apart from traditional roadside assistance providers.
The acquisition also brings a robust network of over 1,500 partners. This extensive network will allow hlpy to deliver services more efficiently. The synergy between hlpy and MySchleppApp is palpable. Both companies share a vision of redefining vehicle assistance. Together, they aim to create a seamless experience for users.
hlpy’s CEO, Valerio Chiaronzi, emphasizes the importance of this acquisition. It’s not just about expanding services; it’s about enhancing customer experience. The goal is to provide a reliable and secure service for end users. This focus on customer satisfaction is crucial in a competitive market.
The funding and acquisition come at a pivotal time for hlpy. The company has seen a revenue increase of 157% in 2023 compared to the previous year. This growth trajectory is impressive, but hlpy is not resting on its laurels. The company is poised for triple-digit growth this year as well. The confidence of its shareholders is evident in the capital increase.
hlpy’s mission is clear: to become a leader in mobility services. The company aims to redefine the standards in roadside assistance and vehicle maintenance. With no geographical limits, hlpy is setting its sights on becoming a dominant player in Europe.
The vehicle assistance sector is evolving. Consumers are demanding more efficient and reliable services. Traditional models are being challenged by digital solutions. hlpy is at the forefront of this transformation. Its innovative platform creates value for various stakeholders, including insurance companies and car manufacturers.
The future looks bright for hlpy. The combination of funding and strategic acquisition positions the company for success. As it expands into new markets, hlpy will continue to innovate. The integration of advanced technology will enhance its service delivery. This is not just about growth; it’s about setting new standards in the industry.
In conclusion, hlpy is on a mission to revolutionize vehicle assistance in Europe. With €18 million in funding and the acquisition of MySchleppApp, the company is well-equipped to tackle the challenges ahead. The road to success is paved with innovation, and hlpy is driving the change. As it accelerates its growth, the company is not just keeping pace; it’s setting the pace. The future of mobility is digital, and hlpy is leading the charge.
The funding round was co-led by Nextalia SGR and Alkemia Capital SGR. Major players like The Techshop SGR and CDP Venture Capital also joined the fray. The investment consists of 80% capital increase and 20% long-term financing. This mix provides a solid foundation for hlpy’s future endeavors.
But the funding is only part of the story. hlpy is also making headlines with its acquisition of HESA Solutions GmbH, known as MySchleppApp. This German company is a leader in digital roadside assistance. The acquisition is a strategic move, allowing hlpy to strengthen its position in key European markets, including Germany and Austria.
Founded in May 2020, hlpy has quickly established itself as a player in the vehicle assistance sector. The company has handled over 550,000 assistance requests since its inception. This impressive track record showcases its rapid growth and the demand for its services. The acquisition of MySchleppApp is expected to triple hlpy’s volumes for the fiscal year 2023. This is not just growth; it’s exponential growth.
The integration of MySchleppApp will enhance hlpy’s service offerings. The company will now provide a comprehensive suite of services, including assistance, repair, and vehicle maintenance. All of this is powered by advanced technology, including machine learning and artificial intelligence. This tech-driven approach sets hlpy apart from traditional roadside assistance providers.
The acquisition also brings a robust network of over 1,500 partners. This extensive network will allow hlpy to deliver services more efficiently. The synergy between hlpy and MySchleppApp is palpable. Both companies share a vision of redefining vehicle assistance. Together, they aim to create a seamless experience for users.
hlpy’s CEO, Valerio Chiaronzi, emphasizes the importance of this acquisition. It’s not just about expanding services; it’s about enhancing customer experience. The goal is to provide a reliable and secure service for end users. This focus on customer satisfaction is crucial in a competitive market.
The funding and acquisition come at a pivotal time for hlpy. The company has seen a revenue increase of 157% in 2023 compared to the previous year. This growth trajectory is impressive, but hlpy is not resting on its laurels. The company is poised for triple-digit growth this year as well. The confidence of its shareholders is evident in the capital increase.
hlpy’s mission is clear: to become a leader in mobility services. The company aims to redefine the standards in roadside assistance and vehicle maintenance. With no geographical limits, hlpy is setting its sights on becoming a dominant player in Europe.
The vehicle assistance sector is evolving. Consumers are demanding more efficient and reliable services. Traditional models are being challenged by digital solutions. hlpy is at the forefront of this transformation. Its innovative platform creates value for various stakeholders, including insurance companies and car manufacturers.
The future looks bright for hlpy. The combination of funding and strategic acquisition positions the company for success. As it expands into new markets, hlpy will continue to innovate. The integration of advanced technology will enhance its service delivery. This is not just about growth; it’s about setting new standards in the industry.
In conclusion, hlpy is on a mission to revolutionize vehicle assistance in Europe. With €18 million in funding and the acquisition of MySchleppApp, the company is well-equipped to tackle the challenges ahead. The road to success is paved with innovation, and hlpy is driving the change. As it accelerates its growth, the company is not just keeping pace; it’s setting the pace. The future of mobility is digital, and hlpy is leading the charge.