Karos Mobility secures significant investments from impact funds Ring Capital and Citizen Capital to accelerate its ecological transition efforts and expansion in the carpooling market.

Target Information

Karos Mobility, a pioneer in everyday carpooling, is delighted to welcome Ring Capital and Citizen Capital as investors. Since its inception, Karos has successfully prevented the emission of 12,000 tons of CO2 equivalent and generated €46 million in purchasing power for its users. This significant investment from two leading impact funds underscores the company's societal mission of facilitating ecological transition and social inclusion through carpooling.

Industry Overview in France

The carpooling market in France has been experiencing substantial growth, particularly in 2023, as the need for sustainable transport solutions intensifies amid high inflation and urgent climate challenges. Karos has capitalized on this trend, accounting for 2.5 times more trips on its mobile application compared to the same period last year. With over 10 million pooled trips logged, the platform serves as an effective and suitable option for daily commutes, which typically average 20 kilometers.

Moreover, carpooling is increasingly recognized as a vital part of collective transportation, complementing public transport networks and playing a crucial role in achieving carbon neutrality objectives.