Instant System raises €8M from DEMETER and OTV

Instant System, Valbonne (Nice), France-based developer of white label MaaS platforms, announced completing a €8 million ($9.4M) funding round.

The money was raised from investors including the fund Paris Fonds Vert, the vehicle managed by the private equity company from France Demeter (Jean-Charles Scatena, Benjamin Lamothe), and Opera Tech Ventures, BNP Paribas’ Venture Capital fund (Thibaut Schlaeppi, Vincent Baillin).

The proceeds will be used for further development of the technology and to accelerate its international implementation.

Instant System, founded by CEO Yann Hervouët, developed a white label suite of digital solutions dedicated to mobility and meeting the growing needs of users, public transport authorities, transport operators and corporate clients.

These solutions are based on a modular technological foundation as they refocus the service on the user by offering real- time mobility support, allowing users to consume their mobility without friction, from a wide choice and by smartly combining mobility offers in the same journey.

They also provide business intelligence tools dedicated to the management and coordination of mobility policies on a territorial scale for local authorities, and to the management of professional mobility policies for corporate clients, particularly in the context of the development of the Forfait Mobilité Durable.

Instant System's tools has about 2.5 million users to date, with more than 100 transport networks operated in Europe including Ile de France Mobilité, RATP, Brussels, Lyon, Métropole Aix-Marseille-Provence and transport operators RATP, KEOLIS, STIB.