
LESS
Enables you to share rides in real time in your city everyday.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
investor | €0.0 | round | |
investor investor | €0.0 | round | |
* | N/A | Acquisition | |
Total Funding | 000k |
EUR | 2017 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
% EBITDA margin | (21696 %) |
Profit | 0000 |
% profit margin | (18831 %) |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Company filings or news article
Related Content
LESS, a French startup established in 2017, developed a real-time carpooling application aimed at short-distance urban travel. The company was founded by a team of five individuals: Florent Longa, who previously co-founded a video creation platform called Echos; Jean-Baptiste Boneu; Cédric Van Sleen, who brought his experience from the mapping startup Stootie; and two other partners. Their collective expertise in technology and startups fueled the initial development.
The platform functioned by instantly connecting drivers with passengers heading in the same direction within a city, effectively creating a new layer of urban mobility. For riders, the service offered a more affordable alternative to traditional ride-hailing services. For drivers, it provided a way to monetize empty seats in their cars during their daily commutes or other trips, with the platform calculating a suggested price for the shared journey. The business model was based on taking a commission from these transactions, positioning itself as a direct competitor to services like UberPOOL.
LESS differentiated itself by focusing on immediate, on-demand urban carpooling rather than pre-planned, long-distance journeys. The application's algorithm was designed for rapid matching, making it suitable for spontaneous travel needs. This focus on short, everyday trips was a key aspect of its strategy to integrate into the daily fabric of city transportation. In April 2018, just a year after its inception, the burgeoning company was acquired by BlaBlaCar, the global leader in long-distance carpooling. The acquisition was a strategic move for BlaBlaCar to enter the short-distance carpooling market and leverage LESS's technology and expertise in this specific segment, which ultimately led to the development of BlaBlaCar Daily.
Keywords: carpooling, urban mobility, ride-sharing, real-time matching, short-distance travel, collaborative consumption, mobile application, transportation network, BlaBlaCar, shared mobility