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Via-ID is acquiring a stake in Smoove, a bike-share specialists.

28 September 2015

After acquiring stakes in Drivy in April 2015 and Wayz-Up on 16 September 2015, Via-ID is speeding up its investments and strengthening its position in urban mobility by stepping up its activities in the field of cycling. After enjoying very strong growth particularly abroad, Smoove is confirming its ambition to become a world leader in bike-share schemes with an innovative and differentiating technology.

annemasseSmoove, is a beautiful story that begins in 2008 when three brothers, who shared a passion for cycling, decided to pool their talents to create some ingenious patents, and produce a bike-share solution that was simple, secure and effective, and able to compete with the Parisian “Vélib”. Launched as a family start-up, the company first conquered cities in France before expanding abroad by equipping world capitals such as Moscow in Russia and Astana in Kazakhstan. Demand increased worldwide, including in Asia, America and the Middle East…

With this partnership, Via-ID continues its investments and consolidates one of its three strategic areas, namely urban mobility, alongside shared mobility and the connected car. With eight start-ups now in its portfolio, Via-ID aims to reach 10 partnerships by the end of the year with a target of 15 in 2016.

For Yann Marteil, CEO of Via-ID and member of the Executive Committee of the Mobivia Groupe, “Bike-share schemes are a market in which we have a strong belief both in France and abroad, with forecasts indicating a 20% increase per year by 2020*. Like all businesses we have decided to support, especially those in urban mobility such as Altermove, Green On and Wayz-Up, Via-ID will lend its expertise to Smoove thanks to the synergies made possible by the Mobivia Groupe. The ability of Smoove to innovate and develop differentiating products is what seduced us. We are proud to open the company up to new prospects by participating in its successful development in France and abroad.”

For more informations, please check our press release