Funding

QOMMUTE funding news – Marseille-based QOMMUTE Secures €2.4 Million in Funding

May 30, 2024 | By Startup Rise EU

QOMMUTE, a French leader in passenger information, secures €2.4 million in funding to accelerate its integration with the biggest French operators, while developing its presence on a European scale. Re-Sources Capital, an entrepreneurial investment fund that assists business owners with their expansion initiatives, led the transaction.

QOMMUTE, a French leader in passenger information, secures €2.4 million in funding to accelerate its integration with the biggest French operators, while developing its presence on a European scale. Re-Sources Capital, an entrepreneurial investment fund that assists business owners with their expansion initiatives, led the transaction.

SUMMARY

  • QOMMUTE, a French leader in passenger information, secures €2.4 million in funding.
  • This funidng is used to to accelerate its integration with the biggest French operators, while developing its presence on a European scale.

A time when a lack of information can discourage up to 73% of passengers from using public transport and when more than nine out of ten users want more real-time information, QOMMUTE's mission—to transform the daily lives of passengers through reliable, instantaneous information—is especially crucial.

Cyril Labi, co-founder and CEO of QOMMUTE, commented: “From the outset, our aim has always been to transform the daily lives of passengers by enabling them to receive reliable, instant information. The decision to raise funds for the first time marks a crucial step in our journey to further accelerate our expansion and realise our ambition to become the European standard for centralised passenger information. I’m particularly excited to be starting this new phase with Re-Sources, a fund of entrepreneurs on a human scale that really understands our challenges.”

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For several years, QOMMUTE has collaborated with the leading companies in the public transport industry. Its software allows pre-defined scenarios (ranging from 5 to 400, depending on the operator's size) to be executed based on technical data.

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These then produce messages with passenger information that are instantly and automatically broadcast on all channels that are available. This technology is essential for day-to-day operations as well as major incidents or breakdowns that impact millions of people. QOMMUTE's software is currently being used by 70 transport networks and customer companies in France, and advanced talks are being held with many other European operators.

Romain Rastel, founding partner of Re-Sources Capital, said: “On a daily basis, tens of millions of French users are already benefiting from QOMMUTE’s technology without even knowing it. We are proud to support this hidden French gem in its development. Their expertise and clear vision of their market make them a partner of choice for French, European and even global operators and a major player in the digital transformation of the eminently strategic passenger transport sector.”

About Qommute

Qommute has gained recognition on a national and international level for fulfilling the demands of providing quality service to all travellers while also adhering to the particular restrictions around passenger information.

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