Tictactrip
, a French startup that enables travelers to compare,
combine and book low-carbon modes of transportation in a single reservation,
has raised €2 million to accelerate its growth. The funding comes from Tomcat
Invest, Tudigo, Bpifrance and individual investors.
Founded in 2016, Tictactrip lets users book bus and train
tickets from more than 200 companies including SNCF, Ouigo, Flixbus and Thalys
and carpooling from companies such as Blablacar.
The company says its
multimodal connection platform, which provides only land-based transportation
options, calculates routes to 6,000 cities in Europe, with the majority of
those in France.
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In a statement, Tictactrip says it aims to “revolutionize
the low-carbon transport market in the face of the major environmental and
societal challenges of our century.” The company’s platform calculates the carbon
impact for each segment of a journey.
Tictactrip says it is targeting income of €100 million in
2025 with 40% of that generated by business outside of France, such as in Spain,
the United Kingdom and Italy.
“Vision and involvement are the two key words that
guide my life as an investor," says Jean-Pierre Nadir, one of the company's investors. "What persuaded me to support Tictactrip was first
of all its financial health and its very promising growth rate.
“In addition, the embedded technology, their white label
strategy and the network of partners they have set up (over 300), which makes
them ‘Google independent,’ also caught my attention. Finally, Tictactrip's
management is well thought out: It's a solid team that thinks fast and works
hard. I am convinced of their development potential.”