KIKK Capital invests in Tracefy, a system that allows companies to manage their fleet of small electric vehicles more efficiently and partly automated.
KIKK Capital and Chris Koppert, (former owner of BBB cycling) jointly invested one million euro in Tracefy. With this growth capital, Tracefy has the opportunity to develop a market leader position for GPS fleet management systems in Europe.
The Tracefy system consists of an online dashboard with which companies are able to manage their fleets of small electric vehicles more efficiently and partly automated. The dashboard offers full insights on all locations and trip data of all (via GPS tracker) linked vehicles. At any given time a day usage of the fleet e-bikes, scooters, kickscooters, and cars can be monitored. It's a treasury of realtime data. The main advantage: companies can reduce cost. No more premature maintenance based on assumptions but based on actual usage. This also makes billing a lot more accurate and easier. For delivery services, realtime location data is an excellent way to keep customers informed on the whereabouts of their order. It is a solid and yet flexible system because it is suitable for any kind of vehicle and can be used in small and large fleets.
With this investment, Tracefy will be able to expand its markets for their unique and easy to use solution for fleet management of small (electric) vehicles to the European markets like Germany and France. In addition, technical capacity is increased for further development of the software, adding new features and to offer customized solutions.
Niels Penning, Technical Director: “We are proud to be given the opportunity for this next step. Our solution fits in a broader social development in which small vehicles are a full-fledged alternative for delivery services, bike sharing and commuting. Especially now, in a time where social distancing is important, we see significant growth in the need for (temporary) delivery vehicles. And with that a growing demand for efficient fleet management. We are happy to go the extra mile to help the fleets of all customers - big or small - get connected as soon as possible.
Johan Sebregts, investmentmanager KIKK Capital: “More and more companies are specialised in sales and maintenance of vehicles for, amongst others, delivery services. Managing these vehicles is quite a challenge. We are convinced that the Tracefy team has developed and launched a very distinguishable solution. By investing and offering our experience, Tracefy can expand its international position."
For more information: click here of visit www.tracefy.com
