2Hire

2Hire

Allows you to manage your vehicle remotely and in real time.

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DateInvestorsAmountRound
-investor investor investor

€0.0

round
investor

€0.0

round
investor

€0.0

round
investor investor

€0.0

round

€5.6m

Series A
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR20202021202220232024
Revenues00000000000000000000
% growth--117 %(11 %)40 %
EBITDA00000000000000000000
Profit00000000000000000000
% profit margin(54 %)(100 %)(67 %)(91 %)(33 %)
EV00000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x
R&D budget00000000000000000000

Source: Company filings or news article

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More about 2Hire
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2Hire operates as a technology provider in the mobility sector, enabling companies to build and scale digital services around connected vehicles. The company's journey began in Rome in 2015 when co-founders Filippo Agostino (CEO), Matteo Filippi (CTO), Andrea Verdelocco (Head of Product), and Elisabetta Mari (COO) launched a moped sharing service for university students. Realizing the technological limitations of existing mobility solutions, the team pivoted from being a service operator to a technology developer.

The firm's core offering is a platform that connects any type of vehicle—including cars, scooters, mopeds, and bikes—to the cloud, making them controllable via a smartphone application. This is achieved through a proprietary plug-and-play IoT device that can be installed in vehicles, or via API for vehicles that are already connected. The platform provides functionalities such as remote locking/unlocking, real-time data tracking, and fleet management. 2Hire's business model is centered on a B2B approach, serving clients like car rental companies, corporate fleet managers, and vehicle sharing operators. Revenue is generated through a monthly fee per active vehicle on the platform, with pricing dependent on the volume of vehicles and the specific functionalities requested.

2Hire offers several solutions built upon its core technology. "Adapter" is the foundational API layer that allows businesses to build their own mobility services. On top of this, the company provides "Sharing," an end-to-end solution for launching a vehicle sharing service, and "Linkey," a platform designed to digitize and automate car rental businesses by enabling a self-service, contactless experience for customers. The company has demonstrated significant growth, connecting over 15,000 vehicles in 15 countries and raising a total of $6.92 million in funding over three rounds. Key funding milestones include a €600k seed round in September 2017 and a €5.6 million Series A round in February 2020, led by P101.

Keywords: connected vehicles, mobility as a service, MaaS, fleet management, telematics, IoT, vehicle sharing, car rental software, keyless entry, vehicle connectivity, mobility platform, smart mobility, automotive technology, asset tracking, remote vehicle control, digital rental, B2B mobility, white-label sharing app, API for vehicles, fleet optimization

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