In a demanding economic environment, international expansion remains a major challenge for many startups. However, Lyko is the exception, with over 70% of its business already based abroad. An exceptional and uncommon rate that has attracted a number of leading investors…
A first round of funding for the emerging gem
Founded in 2018, Lyko, a technology provider specialising in the deployment of multimodal solutions and MaaS, announces a funding round of 1.4 million euros. This operation, which represents a key milestone for the company, was carried out with international investors. Among them Habert Dassault Finance, Afrimobility (Akwa Group), some business angels. But also, some banks such as Bpifrance, Crédit Mutuel, and Caisse d’Épargne.
Lyko stands out for its bold vision and resilient team, going beyond start-up status. This visionary company doesn’t just follow trends, it creates them, helping to shape the mobility of tomorrow. At Chochoy Invest, we have shared this belief in innovation and positive societal impact since 2021. It is with complete confidence in Lyko’s vision and values that we are proud to play a key role in its journey, aligning our aspirations for a smarter, more sustainable city.
Emmanuel Chochoy, Founder & CEO of Chochoy Invest
Sometimes seen as an end in itself by some start-ups, raising funds is a key step for Lyko. But above all, it is a means of achieving its strategic, technical and commercial objectives and significantly accelerating its growth. As a technology leader, the French start-up is committed to maintaining a strong and constant culture of innovation in order to fulfil its mission of : “Connecting the Mobility World”.
This round of financing marks a significant turning point in our development. We are delighted with the enthusiasm and confidence our investors have shown in us. However, our objectives have not yet been achieved… The challenge of this fundraising is to enable us to finance the acceleration of our international development and achieve our objectives.
Laurent BOUZON, Co-founder & CEO of Lyko
A French start-up with international reach
With a simple connection, Lyko enables its customers to cover all their mobility needs. Indeed, thanks to its powerful APIs platform including planning, booking and payment from thousands of public and private mobility providers around the world. Lyko is supported by cities like Jakarata, the 3ᵉ largest metropolis in the world. But also not renowned companies such as Air France, Volkswagen, the IMA group and Thales. Lyko is proud to work on international projects to deploy innovative mobility solutions that help its customers solve their problems. Thanks to Lyko’s technology, the challenges of multimodality, modal shift, and first and last-mile transport are no longer an issue.
Ambitious targets for dynamic growth
In the coming months, Lyko aims to strengthen its API platform to improve its performance and robustness. To achieve this, it plans to triple the number of tech profiles by the end of 2024. Furthermore, the company’s main objective is to take its technology further into other international markets in order to accelerate its expansion.
This fundraising will help us to significantly accelerate our technological development and take us to a new level. As a visionary company, we aspire to an even more ambitious future, with the aim of establishing ourselves as the undisputed leader in the global mobility sector.
Adrien HUGON, Co-founder & CTO
This is part of the global MaaS market. Indeed, it is set to grow significantly, from a business volume of $3.3 billion in 2021 to $40.1 billion in 2030 (Source : Cabinet Markets and Markets). With over a million indirect users already, Lyko aims to triple this number in the short term and remains as determined as ever to revolutionize tomorrow’s mobility…
