#Tech: Path to Growth
#Technology + Digital
D’Ornano + Co. performed financial and legal buy-side due diligence for VC-backed company Zoov in the context of the merger of Smoove and Zoov. This merger will enable to create a European mobility champion. Zoov is a French start-up founded in 2017 by Eric Carreel. Its founder expertise in IoT helped to build a state-of-the-art shared e-bike, with an innovative charging solution transferring energy from one bike to the next. Smoove is a well-established and renowned leader of the bike-share industry since 2008, providing dock-based solutions to 23 cities worldwide, including Paris/FRA, Moscow/RUS, Helsinki/FIN or Vancouver/CAN, with a fleet of over 50,000 bikes and e-bikes. Through this merger, the new group will gather technological expertises from both companies, which shall allow for major steps forward in the micromobility market.
