This relationship is evident in a significant fund-raising effort designed to support a USD 177m investment plan by 2030. This attests to the effectiveness of Bump’s positioning and its unique business model.
A devoted ecological vision
Bump was founded in March 2021 with the sustainable goal of expediting the energy transition of cities by making it simple and affordable for businesspeople and individuals to switch to electric mobility.
In order to address the ecological issues that cities face, Bump has created two different types of offers:
- charging stations that are free and paid for by the number of kWh used at businesses, business parks, and logistics hubs;
- Universally accessible rapid charging stations at public parking lots, supermarkets, shopping malls, stores, and restaurants in urban areas.
Francois Oudot, CEO and co-founder of Bump said “At Bump, we are committed to solving one of the biggest problems of our decade: the decarbonization of mobility. By emitting 50percent of CO2 emissions from mobility, professionals have an essential role to play in this energy transition. Bump was created to provide long-term support for all their on-site and roaming charging needs with innovative business models.”
Recognized by its professional clients for its quality of service
Bump has created a differentiating expertise that enables a high level of service quality of its terminals in order to satisfy the demands of its picky consumers. Currently, the startup’s terminal availability rate is 96% compared to 75% for the public network, and its success rate for charging is 96% compared to 77% for the public network.
Bump swiftly won over experts interested in participating in the city’s energy transition thanks to its customised offers and outstanding operational performance, particularly:
- Bolt and Marcel for passenger transport
- Zity and Europcar for vehicle rental
- StarService, TopChrono or Stuart for last mile delivery
- AB SAGAX, Prologis or even SEGRO for business parks and logistics hubs
Development throughout France and Europe
DIF Capital Partners has decided to assist the expansion of Bump, which has already secured the deployment of 2,000 charge points. Former is convinced of the calibre and knowledge of latter’s management team as well as the relevance of its positioning on the market. Bump intends to achieve the following by 2030 with this outstanding investment:
- expand its teams by recruiting a hundred people;
- to dominate B2B and retail charges in France and throughout Europe;
- to spend USD 177m to install + 25,000 charging stations.
Thomas Vieillescazes, partner of DIF Capital Partners and responsible for the activity in France said “DIF Capital Partners anticipates that the electrification of transport will play a key role in reducing CO2 emissions. We are confident in the ability of Bump’s management team to carry this project forward and in what the Company has achieved to date. We are delighted to become Bump’s reference shareholder alongside existing shareholders to accelerate the deployment of charging infrastructure in France, which is set to become the second largest electric vehicle charging market in Europe.”