We recently supported the leading fleet management software business Vimcar, based in Germany, to secure growth investment from Battery Ventures. This partnership will also see Switzerland-based Avrios join forces with Vimcar, creating one of the leading European fleet management software providers.
The partnership will see it serve 250,000 vehicles in the DACH region, providing a complementary mix of telematics and software.
By combining the two businesses in two different countries with complementary software and businesses, exemplifies the benefits of European companies finding ways to work together.
European tech ventures should remain open-minded in finding ways of working together with others across Europe to become bigger and stronger businesses! We look forward to seeing more of it.