Acton Capital Sells Stake in Mobility Company Vimcar

Munich, May 15 2023 – Acton Capital Sells Stake in Mobility Company Vimcar
The European fleet management market is in upheaval. Companies need digital
solutions to implement EU regulations and remain competitive. US financial investor
Battery Ventures invests in two complementary cloud software companies for the
growing market: Avrios and Vimcar. Acton Capital is selling all shares in Vimcar GmbH,
Berlin, as part of this transaction.

European companies with their own vehicle fleets are facing considerable challenges:
They have to ensure mobility, cope with rising operating costs, meet CO2 reduction
targets and manage the switch to electric mobility, all at the same time. The variety of
these tasks can hardly be managed efficiently with manual processes. Digital fleet
solutions are therefore a growth market. Vimcar from Berlin and Avrios from Zurich
offer complementary software solutions for fleets. With these applications, fleet
management can be consistently digitalised, operating costs optimised, emissions
reduced and vehicles located. In addition, user companies can meet all regulatory
requirements and save taxes. Together, the two companies employ over 250 people and
serve tens of thousands of customers with over 250,000 vehicles throughout Europe
from a wide range of industries such as construction, technical field service, healthcare,
or production and administration.

Vimcar: Capital-efficient growth
Acton invested in Vimcar in December 2018 as lead investor of the Series B financing
round. The goal of the capital increase at that time was the evolution from a driver’s
logbook app to an integrated software provider for small and medium-sized companies.
After only 4 years, this goal has been achieved, and with the international consolidation
now underway, the next chapter for the company has started.

“We were very impressed by the way Vimcar grew both, its established business and
the new segment, despite the Corona crisis. The team around the founders Andreas
Schneider and Christian Siewek has succeeded in bringing a convincing product to
market while achieving far above-average customer satisfaction. At the same time,
they have demonstrated unusually high capital efficiency on this growth journey, so that
with this transaction the total capital invested will be returned more than 10-fold” says
Dominik Alvermann, Partner at Acton Capital.

“We believe that in the new constellation with Battery and Avrios, Vimcar is very well
positioned to grow further in the European fleet management market. We wish them
well and continued success in the new constellation”, adds Christoph Braun.

“The partnership with Battery and Avrios puts us in a joint position to serve more than 250,000 vehicles in Germany, Austria and Switzerland with a unique mix of telematics and software, and to create a
powerful, pan-European service in the medium term.”

Christian Siewek, founder and co-CEO at Vimcar.

“We would like to thank our investors on the growth path so far, Atlantic Labs, UVC,
Coparion and Acton Capital. Everyone has played an important part in achieving this
major milestone,” said Andreas Schneider, founder and co-CEO at Vimcar.

About Vimcar
Vimcar, a Berlin-based scale-up company, is a leading provider of fleet management
software solutions for small and medium-sized enterprises with fleets of up to 200
vehicles. The SaaS solutions cover all aspects of fleet management – from real-time
tracking to theft alerts and route planning. The company’s own market-leading digital
driver’s logbook meets all the requirements of the tax authorities in the DACH region.
More than 60,000 customers already drive with Vimcar’s award-winning software.
Among them are Deutsche Bahn, Allianz, Free Now, Knauf, Koziol and Nippon Seiki.