Qucit SAS

Qucit SAS optimizes urban mobility through its innovative logistics software, Qucit Bike, designed for shared micro-mobility operators, enhancing service efficiency and operational management. Founded in 2014 in Bordeaux, France, Qucit SAS specializes in urban mobility solutions. The company has successfully completed two deals, with its most recent funding round occurring on September 24, 2018, when it raised EUR 0. 76 mn with investors including Bpifrance, Pi2 Invest, Third Sphere, and Urban-X.

The company is led by CEO and Founder Raphaël Cherrier, who has a history of entrepreneurial ventures. Qucit specializes in optimizing urban mobility through its flagship product, Qucit Bike, a logistics optimization software designed for shared micro-mobility operators, including bike, scooter, and e-scooter services. The software offers a comprehensive dashboard for managers and a mobile application for field operators, facilitating the automation of fleet deployment, vehicle rebalancing, collection of damaged bikes, battery exchanges, and station maintenance. By enhancing logistics processes, Qucit aims to improve vehicle utilization rates, adhere to expected service levels, and reduce operational costs through streamlined team management and energy consumption reduction.

The primary end users of Qucit Bike are municipalities and micro-mobility service providers, with notable implementations in cities such as La Corogne, Spain, and others across Brazil, the United Kingdom, Italy, and Poland, reflecting a growing customer base in various geographic markets. Qucit generates revenue through subscription-based partnerships with micro-mobility operators who utilize the Qucit Bike software for their operational needs. These partnerships typically involve licensing agreements where clients pay a recurring fee based on the size of their fleet or the number of users accessing the software. This transaction structure allows for a steady revenue stream as clients engage with the platform for ongoing logistical support, maintenance, and operational efficiency.

While specific pricing plans are proprietary, the revenue model is designed to attract both large-scale operators and smaller services, ultimately facilitating a broad client engagement that enhances Qucit’s presence in the micro-mobility market. Qucit plans to leverage its recent funding of EUR 0. 76 mn raised on September 24, 2018, to enhance its product offerings and expand into new markets. The company is exploring the development of new features for the Qucit Bike software aimed at improving user experience and operational capabilities.

Additionally, Qucit is targeting growth in markets across Europe and Latin America, aiming for significant presence by 2025. This strategic expansion will focus on increasing partnerships with emerging micro-mobility services in these regions.