BNP Paribas BNL Invests in Vehicle Assistance Platform Hlpy

Hlpy, the Italian company innovating vehicle assistance with a digital platform, secured €20 million in new funding. BNP Paribas BNL Equity Investments (BBEI) joined as a shareholder. Hlpy also announced the acquisition of Carvoilà, a firm in vehicle logistics. This move aligns with Hlpy's strategy to enhance its service offerings in the automotive sector.

The funding and acquisition aim to transform Hlpy from a mobility assistance provider to an integrated vehicle services ecosystem. Carvoilà’s founders will integrate into Hlpy, reinforcing the company's business model. This transaction also aims to push Hlpy towards achieving over €100 million in recurring revenues by 2027.

Hlpy has now raised €45 million since its inception in 2020, marking significant growth with two acquisitions in six years. This development reflects a strategic partnership that leverages technology and operational networks across the automotive value chain.