Netlift

Netlift

Real-time, intermodal carpooling platform that helps daily commuters travel easier.

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DateInvestorsAmountRound
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Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2019202120222023
Revenues0000000000000000
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Dealroom estimates

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More about Netlift
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Netlift is a corporate mobility platform headquartered in Montreal, Canada, that provides solutions for employers, cities, and institutions to manage daily transportation needs while aiming to reduce single-occupancy vehicle use. Founded in 2012 by Marc-Antoine Ducas and Sergio Felgueres, the company originated with a focus on commuter carpooling. Ducas, a serial entrepreneur with a background in computer engineering and experience at firms like Xerox and Canon, previously founded other tech companies, including Amilia and Mobilogie. His expertise in technology commercialization and transport economics has guided Netlift's strategic direction.

The company has evolved significantly since its inception, launching its mobile application in 2013 and developing intermodal and GHG tracking technologies by 2014. A key shift occurred in 2018 when Netlift adopted a B2B approach, integrating parking management as a central incentive for carpooling. The platform serves mobility and logistics managers by offering a centralized hub to organize employee commutes, optimize transportation activities, and manage parking. Netlift's business model is centered on providing this integrated solution—combining a mobile app, an online platform, and dedicated support—to corporate clients. The company generates revenue by helping these clients plan and operate customized mobility schemes that can involve employee vehicles, corporate parking, and managed transportation like taxis and shuttles.

Netlift's core service matches passengers with drivers for daily commutes, utilizing a proprietary algorithm to propose efficient routes and improve matching rates significantly compared to traditional carpooling systems. Beyond carpooling, the platform's capabilities include route optimization for corporate delivery teams, a feature adapted during the 2020 business landscape shifts. The company has secured approximately $5.18 million in funding over eight rounds from investors such as Invest Quebec, BDC Capital, and Cycle Capital. This financial backing has supported the platform's technological development and market expansion, including a push into European markets in 2020.

Keywords: corporate mobility, carpooling platform, employee commute, parking management, route optimization, transportation logistics, B2B, GHG reduction, multimodal transport, cleantech

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