BNP Paribas BNL Equity Investments Joins hlpy Shareholder Structure
The European platform for fully digital vehicle assistance, hlpy, has completed a €20 million funding round, with BNP Paribas BNL Equity Investments becoming part of its shareholder structure.
hlpy, an Italian scale-up focused on digital vehicle assistance services, has successfully closed a funding round totaling €20 million. As part of this financial operation, BNP Paribas BNL Equity Investments has now become a shareholder in the company.
The company also announced the acquisition of Carvoilà as part of its strategic expansion and service enhancement. Specific terms of the Carvoilà acquisition have not been disclosed. hlpy aims to consolidate all vehicle-related services onto a single digital platform.
The newly raised capital is earmarked for accelerating the company's growth, investing in technological advancements, and expanding its presence across European markets. hlpy's objective is to digitize the entire lifecycle of vehicle services, encompassing maintenance, insurance, and financing.
BNP Paribas BNL Equity Investments stated that this investment reflects their commitment to supporting rapidly growing technology companies within Europe. hlpy's business model and growth potential were identified as key factors in their decision to invest.