Everysens, the European leader in TVMS (Transport Visibility & Management System) software solutions for rail freight management, announces a Series A structured by Alter Equity, a pioneering impact investment fund in France.Download the press release
Everysens, the European leader in TVMS (Transport Visibility & Management System) software solutions for rail freight management, announces a Series A round structured by Alter Equity, a pioneering impact investment fund in France. The transaction also involves the Hauts-de-France regional investment fund Rev3 Capital as well as existing business angels.
Founded in 2015 by Youness Lemrabet, Everysens has designed the first rail freight flow management software to make this mode of transport more reliable, efficient and accessible to manufacturers. Its uniqueness consists in organizing the interaction between all stakeholders (shippers, railcar rental companies, rail operators, network managers, carriers, and merchandise consignees) to pilot all of its rail transport operations. Unlike traditional software, the tool allows the identification of all the hazards in the field in real time (estimated time of arrival, technical incident, change of route, external hazard, etc.) that may impact the quality of transport service.
The start-up's ambition is to decarbonize freight transport by accelerating the modal shift from road to rail, which emits on average 9x less greenhouse gases, pollutes the air 8x less and divides the risk of fatal accidents by 85¹.
Everysens' customers include some of Europe's largest industrial shippers in the chemical, grain, steel and building materials industries, such as ArcelorMittal, Arkema, Cargill, CRH, HeidelbergCement and TotalEnergies. Their interest in this solution allows the company to anticipate a doubling of its turnover over the next three years.
Accelerate the deployment of Everysens in Europe.
The funds raised will enable Everysens to strengthen its presence and teams in Europe with a major investment in the DACH region (Germany, Austria, Switzerland) where the railway industry is twice as developed as in France. Continued investment in R&D will consolidate its differentiation. The company has announced the creation of a CO2 calculator that is unique in its category because it is based on real data from each rail transport. It will enable manufacturers to measure and value the carbon impact of their shipments.
"The digitization of rail freight is an essential lever for meeting the ambitions of the European Green Deal, which aims to double the share of rail in freight transport to 30% by 2030². Our ambition with this levy is to take a decisive step forward in the support we provide to rail freight users in order to increase the volume of goods transported by rail. The challenge for us is to support our customers in their digital transformation towards a more carbon-free transport, with an environmental and economic ROI perfectly aligned! We are pleased to have won the trust of the pioneering impact fund in France as well as the fund dedicated to the energy transition of our beautiful region of Hauts-de-France," says Dr. Youness Lemrabet.
Fanny Picard, President of Alter Equity, adds: "Transport generates a quarter of greenhouse gas emissions in Europe. By facilitating the use of railways for the transport of goods, Everysens enables its clients to seize one of the key levers for decarbonizing their activities. The values, vision and quality of the management team also played a decisive role in our investment decision.
Guillaume Thomé, Investment Director at Rev3 Capital, added: "We are delighted to support Everysens in its mission to decarbonize freight transport in Europe. The company is based in the Hauts de France region, the cradle of the rail industry, and addresses a market driven by the European ambitions of the Green Deal. We were convinced by the quality of the teams and the vision of its manager, Youness Lemrabet."
² "30 by 2030 - how rail freight achieves its goals", Rail Freight Forward (RFF), 2020